261 Main Street N

If you’re on the lookout for a fantastic investment opportunity, then this house for sale in Markham is definitely worth your attention. Nestled at 261 Main Street N, Markham, this detached 3-storey home is located in the charming Old Markham Village, a community that’s bursting with character and potential. With its concrete block exterior and spacious layout, this property is a blank canvas just waiting for your creative touch.

This house for sale in Markham boasts five generous bedrooms and two full bathrooms, making it an ideal choice for families or those looking to create rental units. The two kitchens, situated on the main and second floors, offer the flexibility to easily convert the main house into two separate rental units, a feature that has been successfully utilised in the past. Imagine the income potential this could bring!

The property also includes an unfinished basement with a separate entrance, which opens up even more possibilities for additional living space or rental income. The third floor is also unfinished, giving you the chance to design it according to your vision. Whether you want to create a trendy loft space or additional bedrooms, the options are endless.

As you explore this house for sale in Markham, you’ll notice that it has a lot to offer despite some features being absent, such as air conditioning and a central vacuum system. The heating is provided by a radiant system, ensuring warmth during those chilly winter months. While there’s no pool or fireplace, the property compensates with its spacious layout and the large detached garage, which can accommodate two vehicles and includes a separate workshop space at the back.

Additionally, above the garage, you’ll find a separate two-bedroom apartment complete with its own kitchen, bathroom, and a roomy living area, along with a storage loft. This could serve as a fantastic rental opportunity or a comfortable space for guests.

Parking won’t be an issue here, as the private driveway can accommodate up to six vehicles. With a lot size of 71 x 132 feet, there’s plenty of outdoor space to enjoy, whether you’re looking to create a garden or simply have a bit of room for the kids to play.

The location of this house for sale in Markham is truly unbeatable. Just a five-minute stroll north of the Markham Village GO Station, commuting to downtown Toronto is a breeze. You’ll also find yourself within walking distance of charming boutique shops, delightful local dining options, and lovely parks. Plus, families will appreciate the proximity to top-rated schools, making this an ideal spot for those with children.

In terms of practicality, the property is equipped with 200A electrical service, and the roof was recently replaced in 2022. The gas furnace was installed in 2009, ensuring you’ll have reliable heating for years to come. It’s important to note that this property is being sold as is, where is, giving you the freedom to make it your own without any restrictions.

So, if you’re ready to roll up your sleeves and transform a spacious home into something truly special, don’t miss out on this house for sale in Markham. With its prime location at 261 Main Street N, Markham, and all the potential it holds, it’s an opportunity that savvy investors and renovators won’t want to overlook. Come and see for yourself what this property has to offer!

Old Markham Village, nestled within the city of Markham, is a charming and historic enclave that beautifully marries the quaintness of a small town with the conveniences of modern living. Characterised by its picturesque streets lined with heritage buildings, boutique shops, and inviting cafés, the village exudes a warm, welcoming atmosphere. Residents can enjoy leisurely strolls through its scenic parks and vibrant public spaces, while also benefiting from easy access to essential amenities and excellent transport links. With a strong sense of community spirit and a rich cultural tapestry, Old Markham Village offers a delightful setting for those seeking a tranquil yet connected lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several reputable educational institutions, making it an ideal choice for families. Within a short distance, you will find Edward T. Crowle Public School, an elementary school rated 7.8, just 0.7 km away, and Markham District High School, a secondary school with an impressive rating of 8.7, located 1.2 km from the property. For those seeking French-language education, Fred Varley Public School and Bill Hogarth Secondary School offer options in both elementary and secondary education, respectively. Additionally, St. Kateri Tekakwitha CES, a Catholic elementary school rated 6.8, is only 1.3 km away, while St. Brother Andre Catholic High School, although currently unrated, is a Catholic secondary school located just 0.9 km from your doorstep. With a variety of public and Catholic schools in close proximity, including options for both English and French language instruction, this location provides excellent educational opportunities for children of all ages. The diverse schooling options cater to different educational preferences, ensuring that families have access to quality education within a convenient distance from home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a vibrant community with a population of 1,062 residents as of 2021. The average household size is 2.9, and the community boasts a relatively mature average age of 41.2 years. The average household income stands at a robust $124,400, with only 7.7% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $992,000. A significant portion of the population, 40.88%, is single, while 52.38% of households include children, indicating a family-friendly environment. The area is notably diverse, with 44.75% of residents being immigrants, contributing to a rich cultural tapestry. Renters make up 11.84% of the population, and condos account for 10.53% of housing options. Education levels are high, with 61.34% of residents holding a college or university degree. However, a notable 39.18% of the population is not in the labor force, suggesting potential opportunities for economic engagement. Overall, this community combines a mix of family-oriented living, cultural diversity, and educational attainment, making it an attractive area for potential homeowners and investors.