12 Sir Pellias Terrace, Markham, ON
Markham Village, Markham · MLS® N13866310
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About this home
In short
- Welcome to 12 Sir Pellias Terrace, an elegantly reimagined bungalow set on a coveted 60-foot lot in prestigious Markham Village.
- Thoughtfully updated throughout 2026, this 3+2 bedroom, 2 bathroom residence pairs timeless character with refined, contemporary finishes for effortless single-level...
- At the heart of the home, a designer-inspired kitchen showcases custom shaker-style cabinetry, elegant brass hardware, and premium quartz countertops, centred by a...
- Rich hardwood flooring, expansive bay windows, and zoned pot lighting lend the open-concept main floor a bright, airy sophistication.
- The fully finished lower level offers exceptional versatility, with a separate entrance, two generously proportioned bedrooms, a 3-piece bathroom, and a full eat-in...
Welcome to 12 Sir Pellias Terrace, an elegantly reimagined bungalow set on a coveted 60-foot lot in prestigious Markham Village. Thoughtfully updated throughout 2026, this 3+2 bedroom, 2 bathroom residence pairs timeless character with refined, contemporary finishes for effortless single-level living.At the heart of the home, a designer-inspired kitchen showcases custom shaker-style cabinetry, elegant brass hardware, and premium quartz countertops, centred by a striking island with integrated cooktop and breakfast bar. Rich hardwood flooring, expansive bay windows, and zoned pot lighting lend the open-concept main floor a bright, airy sophistication. The main floor bath, never used, offers a spa-like retreat with a solid wood vanity, a freestanding soaker tub with floor-mounted faucets, and a glass-enclosed shower.The fully finished lower level offers exceptional versatility, with a separate entrance, two generously proportioned bedrooms, a 3-piece bathroom, and a full eat-in kitchen, perfectly suited to multi-generational living or a private in-law suite. Plush new broadloom underfoot completes the space.Additional refinements include a new 30-year architectural roof and a striking new architectural garage door with automatic opener. 200 Amp Service.A rare offering of move-in-ready comfort and future potential on an exceptional 60-foot frontage, moments from top-rated schools, French Immersion programs, parks, and Markham Stouffville Hospital.A polished, single-storey retreat, offered at remarkable value.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13866310
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 60.53 × 110 ft
- Cross streets
- Highway 7 & Ninth Line.
- Parking
- 1 garage · 3 parking (attached)
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,521 / 2026
- Days on market
- 13
- Listing brokerage
- ROYAL LEPAGE TERREQUITY SW REALTY
Rooms
broadloom · window · closet
Broadloom
window · closet · hardwood floor
window · closet · hardwood floor
window · closet · hardwood floor
open concept · w/o to deck · hardwood floor
stainless steel appl · window · eat-in kitchen
open concept · hardwood floor · bay window
tile floor · renovated · open concept
broadloom · walk-in closet(s)
Listed at $999,000. Going by how homes in Markham Village and the wider GTA have actually closed against their asking prices (about 98%, 22 local closings in 90 days), the likely sale price is near $977K, if it sells. A realistic range is $916K to $1.10M.
Independent value check: $1.12M. Without looking at the asking price, our model values the home itself about 13% above the ask (homes like it typically land between $1.05M and $1.18M).
Why $1.12M. The typical detached home sold in Markham Village over the past year went for about $1.26M (94 sales). What sets this one apart:
- ▼ Lowers it stronglyIt is 1,100 to 1,500 sq ft; the typical home sold here is 2,000 to 2,500.
- ▼ Lowers it3+2 bedrooms and 2 baths, against 4+1 and 4 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it1 garage and 3 total parking spaces, against 2 and 6 typically.
Total price vs nearby homes. Likely closing about $977K, from 22 recent closings in this pocket.
The market behind the math:
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Markham Village: 13 of the 64 detached leases here lately were basement units, around $1,700 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Markham.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.13M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Based on 22 comparable homes that sold in Markham Village over the past two years, from 167 closings there.
Sold price trend
Median sold price for detached homes in Markham Village: $1.14M in September 2026, down 7% from a year ago, on 91 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.22M | 10 |
| November 2025 | $1.38M | 11 |
| December 2025 | $1.27M | 6 |
| February 2026 | $1.38M | 7 |
| March 2026 | $1.26M | 10 |
| April 2026 | $1.25M | 9 |
| May 2026 | $1.60M | 11 |
| June 2026 | $1.08M | 9 |
| August 2026 | $1.22M | 10 |
| September 2026 | $1.14M | 8 |
Neighbourhood & location
Markham Village, Markham, ON
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Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $799,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,419
- Property tax
- $460
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,879
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,455
- Estimated closing costs
- $16,455
Plus your down payment of $199,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $265,135
- Principal paid down
- $97,647
- Interest paid
- $167,487
- Balance remaining
- $701,553
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Markham Village (13 of 64 recent detached leases were basement units, around $1,700 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,700 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 13 whole-home leases in Markham Village signed at a median of $3,375 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,302. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE TERREQUITY SW REALTY. MLS®/PropTx.