140 Sherwood Forest Drive, Markham, ON

Bullock, Markham · MLS® N14091218

$2,950,000
For Sale
Listed 2 days agoNo offer date stated
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4+1Bedrooms
6Bathrooms
2Garage · 8 parking
3500-5000Sq ft

About this home

In short

  • OVER 5,500 SQFT LIVING SPACE OF SMART-READY LUXURY IN THE HEART OF MARKHAM VILLAGE!Situated on a prestigious 60 x 150 FT lot, this custom-built residence offers...
  • Smart home integrated throughout:Electric curtains for effortless ambianceIntelligent security monitoring system for peace of mindSmart toilet in select...
  • The fully finished walk-up basement features 9 ft ceilings, a stylish circular skylight, and seamless access to a tree-fenced resort-style backyard-your private oasis.

OVER 5,500 SQFT LIVING SPACE OF SMART-READY LUXURY IN THE HEART OF MARKHAM VILLAGE!Situated on a prestigious 60 x 150 FT lot, this custom-built residence offers soaring 10 ft ceilings on the main and 9-10 ft ceilings on the second floor. The grandeur begins with a circular oak staircase and continues through every detail-premium lighting, expansive windows, and skylights flood the home with natural light.Smart home integrated throughout:Electric curtains for effortless ambianceIntelligent security monitoring system for peace of mindSmart toilet in select washroomsBathrooms featuring heated floors for spa-like comfortThe second floor boasts two private walk-out balconies, perfect for morning coffee or evening relaxation.The fully finished walk-up basement features 9 ft ceilings, a stylish circular skylight, and seamless access to a tree-fenced resort-style backyard-your private oasis.Steps from Markville Secondary School, Community Centre, parks, shopping, dining, highways, and transit. All Showings To Have Listing Agent Present.

Key facts

Property type
Detached, 2-Storey
MLS®
N14091218
Bedrooms
4+1 (5 total)
Bathrooms
6
Size
3500-5000 sq ft
Lot
60 × 150 ft
Cross streets
Mccowan / Bullock
Parking
2 garage · 8 parking (built-in)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air, Other
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Rolled
Sewer
None
Pool
Above Ground
Property tax
$12,636 / 2025
Days on market
2
Listing brokerage
MASTER`S TRUST REALTY INC.

Rooms

Great RoomBasement4.87 × 10.06 m

4 Pc Bath

Living RoomGround4.60 × 7.30 m
BedroomSecond4.87 × 5.18 m

5 Pc Bath

KitchenGround5.20 × 3.96 m

b/i microwave · b/i appliances · backsplash

LibraryGround2.13 × 3.96 m

above grade window · accoustic ceiling

Family RoomGround5.20 × 7.00 m

accoustic ceiling · above grade window

Our TakeTeam Asgarian · Broker
A small discount is typical
$2.85Mlikely sale price

Listed at $2,950,000. Going by how homes in Bullock and the wider GTA have actually closed against their asking prices (about 97%, 10 local closings in 90 days), the likely sale price is near $2.85M, if it sells. A realistic range is $2.67M to $3.21M.

Independent value check: $2.79M. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $2.61M and $2.92M).

Why $2.79M. The typical detached home sold in Bullock over the past year went for about $1.16M (33 sales). What sets this one apart:

  • ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,100 to 1,500.
  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $12,636 a year; the typical home sold here pays about $5,800.
  • ▲ Raises it strongly4+1 bedrooms and 6 baths, against 3+1 and 2 typically.
  • ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
List price
$2.67MBelow recent closings$3.21MAbove recent closings

Total price vs nearby homes. Likely closing about $2.85M, from 10 recent closings in this pocket.

The market behind the math:

10sold nearby · 90 days
$1.15Mmedian sold price
97%of asking, on average
−6%prices vs a year ago
~13 dayshomes like this take to sell
2days on market so far
$5,506/moest. rent · 19 leases
2.2%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2.1 months of inventory: 7 detached homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $694/sqft against an area asking average of $768/sqft.

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 10 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 highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Heated floors: comfort and a premium-finish signal. Lifestyle
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($694/sqft) is below the area, so you are paying for extra space rather than a premium.

The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.

There were not many closely comparable homes right in Bullock, so I widened the search to the surrounding area.

Based on 10 comparable homes that sold in Bullock over the past two years, from 69 closings there.

What sellers nearby are askingCurrently listed nearby in Bullock · asking prices
$1.20Mavg asking

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 $2.79M, which is where my estimate comes from.

Per square foot, these ask about $733/sqft; this home lists at $694/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
2.95MThis home1.45M1.30M999k998k1.24MThis home vs active comparables

Sold 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.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$1.50M121
November 2025$1.49M88
December 2025$1.44M72
January 2026$1.42M57
February 2026$1.43M69
March 2026$1.44M95
April 2026$1.39M116
May 2026$1.48M141
June 2026$1.46M147
July 2026$1.38M128
August 2026$1.49M136
September 2026$1.39M114

Neighbourhood & location

Bullock, Markham, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Raymerville
$1.68M
Markham Village
$1.37M
Wismer
$1.53M
Sherwood-Amberglen
$1.18M
Berczy
$1.61M

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

Affordability
$13,445/mo
$547KIncome needed
5.4×Price ÷ income
$3,103Weekly cost
$60,225Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

93%mortgage
Mortgage $13,445Property tax $1,053Total carry $14,498

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$13,049per month

Mortgage amount $2,360,000 · 4.49% over 25 years

$590,000Down payment (20.0%)
$2,360,000Loan before insurance
$0CMHC premium
$14,102Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$13,049
Property tax
$1,053
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$14,102

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$60,225
Estimated closing costs
$60,225

Plus your down payment of $590,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$15,794/monthPayment at the qualifying rate

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

$1,554,654Total interest paid
$3,914,654Total of all payments
Principal $2,360,000 Interest $1,554,654
YearPrincipalInterestBalance
1$52,665$103,921$2,307,335
2$55,056$101,530$2,252,278
3$57,556$99,030$2,194,722
4$60,169$96,417$2,134,553
5$62,901$93,685$2,071,652
6$65,757$90,829$2,005,894
7$68,743$87,843$1,937,151
8$71,864$84,722$1,865,287
9$75,127$81,459$1,790,160
10$78,538$78,048$1,711,622
11$82,104$74,482$1,629,518
12$85,832$70,754$1,543,686
13$89,729$66,857$1,453,957
14$93,803$62,783$1,360,153
15$98,062$58,524$1,262,091
16$102,515$54,072$1,159,577
17$107,169$49,417$1,052,408
18$112,035$44,551$940,372
19$117,122$39,464$823,251
20$122,440$34,146$700,811
21$127,999$28,587$572,812
22$133,811$22,775$439,001
23$139,886$16,700$299,115
24$146,238$10,349$152,877
25$152,877$3,709$0

At the end of your 5-year term

Total paid over the term
$782,931
Principal paid down
$288,348
Interest paid
$494,582
Balance remaining
$2,071,652

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.

Let's connect

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

Rental yield
From 19 whole-home leases in Bullock$5,506/mo
$66,072Gross annual rent
1.5%Cap rate after taxes and upkeep
$4,790 to $6,040Typical rent range

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 19 whole-home leases in Bullock signed at a median of $3,875 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,506. 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.

2.2%
Gross yield
− Property tax $12,636− Insurance $1,400− Vacancy & upkeep $7,268Net operating income $44,768

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of MASTER`S TRUST REALTY INC.. MLS®/PropTx.

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