54 Redkey Drive, Markham, ON
Milliken Mills East, Markham · MLS® N14031600
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About this home
In short
- Welcome to 54 Redkey Dr., situated in Markham's highly sought-after Milliken Mills East community.
- This well-maintained 2-storey townhouse offers the perfect combination of space, comfort and convenience.
- Featuring 3 spacious bedrooms, 3 bathrooms and approximately 1,705sq. ft. of above-grade living space, this home offers a functional layout ideal for families.
- The finished above-grade basement provides additional living space with a walkout to a deep, private backyard with no rear neighbours.
- Pride of ownership is evident throughout this thoughtfully maintained home, featuring a brand-new furnace and A/C (2026) and offering a move-in-ready opportunity for...
Welcome to 54 Redkey Dr., situated in Markham's highly sought-after Milliken Mills East community! This well-maintained 2-storey townhouse offers the perfect combination of space, comfort and convenience. Featuring 3 spacious bedrooms, 3 bathrooms and approximately 1,705sq. ft. of above-grade living space, this home offers a functional layout ideal for families.The bright and inviting main floor features generous living and dining areas, along with a family room offering a walkout to a spacious elevated deck, perfect for entertaining or enjoying the outdoors. The finished above-grade basement provides additional living space with a walkout to a deep, private backyard with no rear neighbours! Pride of ownership is evident throughout this thoughtfully maintained home, featuring a brand-new furnace and A/C (2026) and offering a move-in-ready opportunity for its next owners. Nestled on a quiet street in an established, family-friendly neighbourhood, this property is conveniently located near elementary and secondary schools, parks, shopping, grocery stores and public transit, with easy access to Highway 407. An excellent opportunity to own a spacious townhouse in one of Markham's most desirable communities!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- N14031600
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 19.82 × 235.66 ft
- Cross streets
- McCowan Rd & 14th Ave
- Parking
- 1 garage · 2 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,663 / 2026
- Days on market
- 4
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
Ceramic Floor
stainless steel appl · backsplash · ceramic floor
laminate · large closet
laminate · w/o to yard
laminate · walk-in closet(s)
combined w/living · laminate
combined w/dining · laminate
w/o to deck · laminate · north view
w/o to garage · ceramic floor
Broadloom
4 pc ensuite · walk-in closet(s) · laminate
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Considering this property? Request a written price readNeighbourhood & location
Milliken Mills East, 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 $639,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,534
- Property tax
- $389
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,923
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,455
- Estimated closing costs
- $12,455
Plus your down payment of $159,800. 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
- $212,055
- Principal paid down
- $78,098
- Interest paid
- $133,956
- Balance remaining
- $561,102
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.