22 Grandview Avenue, Markham, ON
Grandview, Markham · MLS® N14121312
About this home
In short
- Prestigious Power of Sale offering in the sought-after Grandview community of Markham, ideally positioned within the Yonge & Steeles Major Transit Station Area (MTSA).
- The residence features 2+1 bedrooms, a finished walk-out basement, private driveway parking, and municipal services.
Prestigious Power of Sale offering in the sought-after Grandview community of Markham, ideally positioned within the Yonge & Steeles Major Transit Station Area (MTSA). This detached bungalow presents a rare opportunity to secure real estate in one of the GTA's most strategic growth corridors.The residence features 2+1 bedrooms, a finished walk-out basement, private driveway parking, and municipal services. Located within the boundaries of the City of Markham Secondary Plan, the property benefits from proximity to future subway infrastructure and planned intensification initiatives.Surrounded by transit, top amenities, schools, and key arterial routes, this address offers exceptional long-term positioning for investors, developers, or buyers seeking strategic acquisition in a premier regional hub.Buyer to conduct their own due diligence regarding zoning, redevelopment potential, and property details. Property sold under Power of Sale provisions.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N14121312
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Lot
- 50 × 124.6 ft
- Cross streets
- Yonge St. & Steeles Ave
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick Front
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,135 / 2025
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
Combined w/Dining
Combined w/Dining
Centre Island
We are proud to represent this home. Our team handles every detail, the marketing, the staging, and the showings. The best way to feel what makes it special is in person, so book a private showing and I will walk you through it myself.
Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Markham.
Highlights
- Walk-out basement
Neighbourhood & location
Grandview, 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.
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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
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 27, 2026); conventional rates run a little higher.
Mortgage amount $1,599,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,842
- Property tax
- $595
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,437
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Estimated closing costs
- $36,455
Plus your down payment of $399,800. 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
- $530,535
- Principal paid down
- $195,393
- Interest paid
- $335,142
- Balance remaining
- $1,403,807
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. Listed & marketed by Team Asgarian. MLS®/PropTx.