111 Fred Varley Drive, Markham, ON
Unionville, Markham · MLS® N14084898
About this home
In short
- An Exceptional Opportunity in the Heart of Historic Unionville.
- Backing onto the mature trees and tranquil stream of Toogood Park, this beautifully renovated home sits on a spectacular 50' x 125' private lot, offering a rare...
- Featuring a custom addition and extensive upgrades throughout, the home boasts soaring cathedral ceilings, skylights, pot lights, a spacious great room, and an...
- Step outside to a private backyard retreat featuring lush gardens, a swimming pool, expansive decks, and a stone patio overlooking the serene park setting.
- Enjoy this inviting home as it is or explore the potential to build your dream home on this premium lot.
An Exceptional Opportunity in the Heart of Historic Unionville!Backing onto the mature trees and tranquil stream of Toogood Park, this beautifully renovated home sits on a spectacular 50' x 125' private lot, offering a rare combination of natural beauty, privacy, and future potential. Featuring a custom addition and extensive upgrades throughout, the home boasts soaring cathedral ceilings, skylights, pot lights, a spacious great room, and an elegant oversized dining area. The upgraded kitchen features granite countertops and a breakfast bar, while two gas fireplaces add warmth and character. Three upgraded bathrooms, a generously sized primary bedroom with a large walk-in closet and spacious 4-piece ensuite, and convenient main-floor laundry complete the interior.Step outside to a private backyard retreat featuring lush gardens, a swimming pool, expansive decks, and a stone patio overlooking the serene park setting. Enjoy this inviting home as it is or explore the potential to build your dream home on this premium lot. Situated in one of Markham's most desirable school districts, this exceptional property is also just a short walk to historic Unionville Main Street, top-rated schools, parks, and charming local amenities. A rare opportunity to enjoy an outstanding lifestyle in one of Unionville's most coveted neighbourhoods!
Key facts
- Property type
- Detached, Backsplit 3
- MLS®
- N14084898
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 6
- Size
- 1500-2000 sq ft
- Lot
- 50 × 125 ft
- Cross streets
- Fred Varley Dr & Markhaven Rd
- Parking
- 2 garage · 6 parking (detached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Outdoor
- Property tax
- $9,352 / 2026
- Listing brokerage
- BAY STREET GROUP INC.
Rooms
w/o to deck · gas fireplace · hardwood floor
open concept · gas fireplace · 3 pc bath
access to garage · ceramic floor · closet
closet · b/i desk
formal rm · picture window · hardwood floor
walk-in closet(s) · 4 pc bath
b/i appliances · granite counters · hardwood floor
walk-in closet(s) · 4 pc ensuite
b/i desk · skylight · hardwood floor
Listed at $1,488,000. Going by how homes in Unionville and the wider GTA have actually closed against their asking prices (about 98%, 38 local closings in 90 days), the likely sale price is near $1.46M, if it sells. A realistic range is $1.37M to $1.65M.
Independent value check: $1.67M. Without looking at the asking price, our model values the home itself about 12% above the ask (homes like it typically land between $1.57M and $1.75M).
Why $1.67M. The typical detached home sold in Unionville over the past year went for about $1.68M (127 sales). What sets this one apart:
- ▼ Lowers itIt is 1,500 to 2,000 sq ft; the typical home sold here is 2,500 to 3,000.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $9,352 a year; the typical home sold here pays about $8,700.
Total price vs nearby homes. Likely closing about $1.46M, from 38 recent closings in this pocket.
The market behind the math:
About 2.4 months of inventory: 30 detached homes for sale in the area against 38 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $850/sqft against an area asking average of $742/sqft.
- Park / green-space backing. The listing says this home backs onto or abuts a park or green space. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 38 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.58M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($850/sqft) is above the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Unionville, so I widened the search to the surrounding area.
Based on 38 comparable homes that sold in Unionville over the past two years, from 230 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 $1.67M, which is where my estimate comes from.
Per square foot, these ask about $703/sqft; this home lists at $850/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Unionville: $1.70M in September 2026, down 7% from a year ago, on 126 closings in 11 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 | $1.76M | 8 |
| November 2025 | $1.84M | 9 |
| December 2025 | $1.78M | 9 |
| January 2026 | $1.63M | 10 |
| March 2026 | $1.68M | 12 |
| April 2026 | $1.59M | 19 |
| May 2026 | $1.69M | 9 |
| June 2026 | $1.75M | 16 |
| July 2026 | $1.73M | 5 |
| August 2026 | $1.60M | 19 |
| September 2026 | $1.70M | 10 |
Neighbourhood & location
Unionville, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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
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 $1,190,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,582
- Property tax
- $779
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,361
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,235
- Estimated closing costs
- $26,235
Plus your down payment of $297,600. 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
- $394,916
- Principal paid down
- $145,445
- Interest paid
- $249,471
- Balance remaining
- $1,044,955
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 60 whole-home leases in Unionville signed at a median of $3,743 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,556. 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 BAY STREET GROUP INC.. MLS®/PropTx.