20 Cherry Blossom Lane, Markham, ON
Royal Orchard, Markham · MLS® N14005278
About this home
In short
- A MASTERPIECE REIMAGINED.
- 76 x 138 Ft Ravine Lot In One Of Royal Orchard's Most Coveted Enclaves.
- A Breathtaking 10-Foot-Wide Dining Room Picture Window Frames The Lush Ravine Like A Living Masterpiece, Bringing Natural Light & The Beauty Of Every Season Indoors.
- Step Outside To Your Own Private Resort-Style Sanctuary, Featuring A Heated Inground Pool, Mature Trees, Lush Greenery & Exceptional Privacy.
- A Separate Basement Entrance & Walkout To The Ravine-Facing Yard Offer Remarkable Versatility.
MUSKOKA IN THE CITY! A MASTERPIECE REIMAGINED! Discover An Extraordinary Resort-Inspired Residence Nestled On A Rare Approx. 76 x 138 Ft Ravine Lot In One Of Royal Orchard's Most Coveted Enclaves. Extensively Architecturally Reimagined & Meticulously Designer-Renovated, This Exceptional Home Showcases A Beautiful Fusion Of Contemporary Luxury, Timeless Elegance & Nature. Every Detail Reflects Thoughtful Design, From Exquisite Custom Millwork & Sophisticated Finishes To Stunning Oversized 32" x 64" Large-Format Porcelain Tile Flooring Throughout The Main Floor. Offering Approx. 4,250 Sq Ft Of Total Living Space, The Residence Features Multiple Living Areas, 3 Fireplaces & Elegant Spaces For Entertaining. A Breathtaking 10-Foot-Wide Dining Room Picture Window Frames The Lush Ravine Like A Living Masterpiece, Bringing Natural Light & The Beauty Of Every Season Indoors. Step Outside To Your Own Private Resort-Style Sanctuary, Featuring A Heated Inground Pool, Mature Trees, Lush Greenery & Exceptional Privacy. A Separate Basement Entrance & Walkout To The Ravine-Facing Yard Offer Remarkable Versatility. Complete With A Whole-House Water Filtration System & Ideally Located Near Toronto Ladies Golf Club & Thornhill Golf & Country Club. A Rare Opportunity To Experience Architectural Elegance, Refined Luxury & The Tranquility Of Nature In The Heart Of The City!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14005278
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 76.01 × 138.96 ft
- Cross streets
- Yonge/ Cherry Blossom Lane
- Parking
- 2 garage · 6 parking (attached)
- Basement
- Walk-Up, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $8,620 / 2025
- Days on market
- 3
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
porcelain floor · fireplace · window floor to ceiling
closet · hardwood floor
porcelain floor · w/o to balcony
walk-in closet(s) · hardwood floor · overlooks ravine
Porcelain Floor
porcelain floor · window floor to ceiling · overlooks ravine
vinyl floor · b/i shelves
porcelain floor · quartz counter · w/o to yard
w/o to patio · overlooks pool · fireplace
porcelain floor · access to garage
vinyl floor · wet bar
double closet · hardwood floor
Overlooks Ravine
hardwood floor · fireplace · b/i bookcase
Listed at $2,988,000. Going by how homes in Royal Orchard and the wider GTA have actually closed against their asking prices (about 98%, 11 local closings in 90 days), the likely sale price is near $2.92M, if it sells. A realistic range is $2.74M to $3.29M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Total price vs nearby homes. Likely closing about $2.92M, from 11 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 5 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,087/sqft against an area asking average of $632/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.86M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
Based on 11 comparable homes that sold in Royal Orchard over the past two years, from 95 closings there.
Nothing 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 $1.84M, which is where my estimate comes from.
Per square foot, these ask about $632/sqft; this home lists at $1,087/sqft. Size is part of the price story, not just the sticker.
The 5 closest 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
Royal Orchard, 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 17, 2026); conventional rates run a little higher.
Mortgage amount $2,390,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $13,217
- Property tax
- $718
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,935
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $61,175
- Estimated closing costs
- $61,175
Plus your down payment of $597,600. 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
- $793,016
- Principal paid down
- $292,063
- Interest paid
- $500,953
- Balance remaining
- $2,098,337
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 8 whole-home leases in Royal Orchard signed at a median of $4,780 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,856. 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 SIGNATURE REALTY. MLS®/PropTx.