11584 Highway 48, Markham, ON
Rural Markham, Markham · MLS® N13868554
About this home
In short
- This magnificent modern country estate situated on a prime over 8 acre parcel in Markham boasts 7,450 sq. ft. of ultra-luxurious living space featuring a grand foyer...
- Designed for ultimate relaxation and entertainment, the property offers upper-level rooms with walk-out composite decks, a resort-style indoor saltwater spa pool...
- The beautifully landscaped grounds showcase a fountain garden, a kids' outdoor playground, and a free-standing 8-car garage with 2 EV chargers alongside parking for...
- Rural privacy in north Markham with the city within easy reach: quick access to Highways 404 & 407, approximately 35 minutes to downtown Toronto, and close to York...
Rare Opportunity! This magnificent modern country estate situated on a prime over 8 acre parcel in Markham boasts 7,450 sq. ft. of ultra-luxurious living space featuring a grand foyer with soaring ceilings and a water feature, 7 spacious bedrooms (6 ensuites), 9 bathrooms, a main-level primary suite with a steam sauna, a main-floor gym, a climate-controlled wine cellar, a heated-floor sunroom, and a chef's kitchen setup with commercial grade appliances and luxury marble slabs. Designed for ultimate relaxation and entertainment, the property offers upper-level rooms with walk-out composite decks, a resort-style indoor saltwater spa pool (completed in 2023) with a Jacuzzi and dedicated bath, and a fully renovated detached barn complete with a bar, KTV lounge, bathroom, and upper loft. The beautifully landscaped grounds showcase a fountain garden, a kids' outdoor playground, and a free-standing 8-car garage with 2 EV chargers alongside parking for 50+ vehicles, all supported by fully owned mechanical systems including a 400 Amp panel, backup generator, well filtration, septic, and propane tanks. Rural privacy in north Markham with the city within easy reach: quick access to Highways 404 & 407, approximately 35 minutes to downtown Toronto, and close to York Region's top-ranked schools, golf clubs, and the shops and dining of Markham and Stouffville. This prime location offers rural tranquility with exceptional future development and investment opportunity. A landmark property for discerning buyers and strategic investors alike!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13868554
- Bedrooms
- 7
- Bathrooms
- 9 (3 half)
- Size
- 5,000 sq ft
- Lot
- 340 × 1061.58 ft
- Cross streets
- Highway 48 & 19th
- Parking
- 8 garage (detached)
- Driveway
- Private
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Board & Batten , Other
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Pool
- Indoor
- Property tax
- $10,588 / 2026
- Days on market
- 9
- Listing brokerage
- HC REALTY GROUP INC.
Rooms
tile floor · stainless steel appl · w/o to porch
4 pc ensuite · walk-in closet(s) · w/o to balcony
skylight · vaulted ceiling(s) · hardwood floor
Mirrored Walls
hardwood floor · combined w/dining · w/o to sunroom
Window
combined w/sitting · 3 pc bath · w/o to balcony
hardwood floor · combined w/living · w/o to sunroom
hardwood floor · centre island · b/i appliances
Window
3 pc bath · walk-in closet(s)
5 pc ensuite · walk-in closet(s)
4 pc bath · window
3 pc ensuite · window · closet
b/i shelves · laundry sink
5 pc ensuite · walk-in closet(s) · w/o to deck
This is a rare parcel: about 8.29 acres. Comparable-sales math works on size and bedrooms, and here the lot is what is being sold, so no automatic estimate is shown.
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For sale
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For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $2.85M, which is where my estimate comes from.
Per square foot, these ask about $1,133/sqft; this home lists at $1,596/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Markham: $1.39M in September 2026, down 3% from a year ago, on 1,284 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.50M | 121 |
| November 2025 | $1.49M | 88 |
| December 2025 | $1.44M | 72 |
| January 2026 | $1.42M | 57 |
| February 2026 | $1.43M | 69 |
| March 2026 | $1.44M | 95 |
| April 2026 | $1.39M | 116 |
| May 2026 | $1.48M | 141 |
| June 2026 | $1.46M | 147 |
| July 2026 | $1.38M | 128 |
| August 2026 | $1.49M | 136 |
| September 2026 | $1.39M | 114 |
Neighbourhood & location
Rural Markham, Markham, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Markham.
Get the full neighbourhood report (schools, parks, transit & safety) →
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $6,384,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $35,298
- Property tax
- $882
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $36,181
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $185,975
- Estimated closing costs
- $185,975
Plus your down payment of $1,596,000. 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
- $2,117,894
- Principal paid down
- $780,007
- Interest paid
- $1,337,887
- Balance remaining
- $5,603,993
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
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 9 whole-home leases in Rural Markham signed at a median of $5,204 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,045. 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 HC REALTY GROUP INC.. MLS®/PropTx.