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2946-2956 Elgin Mills Road E, Markham, ON L6C 1K9

30+6 beds · 36 baths · 6+6 kitchens · 60+6 rooms · 24 parking spaces · 5000 + sq ft · Semi-Detached
$13,000,000
Property tax
$1 / year

Investment Property With Elevator $$$$Luxury Developed Opportunity - Prime Location Near Elgin Mills & Hwy 404. A Rare Offering Of 6 Luxury Semi-Detached Residences Situated On A Private Road With The Potential To Create An Exclusive Gated Community.Each Home Features 5 Spacious Bedrooms, ELEVATOR Accessing All 4 Levels For Convenience. 4-Car parking, Fully Finished Basement With Separate Walk Up Entrance With 1bedroom suite, Currently In The Process Of Conversion To12 Residential units. Strong Potential To Expand To 18 Units, Maximizing Density And Investment Return.Offering Convenient Access To Major Routes, Amenities, And Future Growth. An Exceptional Opportunity For Investors Or Developers Seeking A High-End, Income-Generating Project With Significant Upside. The Most Breathtaking Brand-New Luxury Residences Located In The Sought After Community Of Victoria Square. With $100k+ Upgraded Blending Modern Luxury With Timeless Elegance.Offers Approximately 3700 Sq Ft Of Finished Luxury Living Space Formal Living And Dining For Large Gatherings And Walk-Out To A Large Terrace. A Gourmet Kitchen At The Heart Of The Home Featuring Built-In Appliances, Custom Cabinetry And A Grand Island. The Perfect Retreat For A Multi-Generational Family With A Finished Basement. A Large Master Bedroom With A Walk-Out To A Private Terrace. All 6 Semi-Detached Combined 30 Above Ground Rooms And 6 Rooms In The Bsmt. (Elevator, Alarm System, Ev Charger, Smart Thermostat, Pot lights & Harwood Flooring Through The House)Potential For: Retirment Home, Hotel Botique, Senior Living, Memory Care And Many More...

MLS number
N13087922
Type
Semi-Detached
Status
Active
Bedrooms
36
Bathrooms
36
Postal code
L6C 1K9
Photos
3
Laundry
Not in the unit
130days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries are not shown for this listingWe could only place this address to its postal code, which can cover a block or more, and school boundaries often run down the middle of a street. Naming a school boundary from a position that loose would be a guess about a school, so we don’t. Use the board’s own address lookup for this one.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
JEI Learning CenterElementary1.0 kmNot reported
Bravo Education CentreElementary1.4 kmNot reported
Nokiidaa Public School
York Region DSB
Elementary1.7 km8.0 / 10
80% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Semi-Detached houses in Markham313 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$811k$7.03M$13M20252026this home’s asking price
$1.06Mlatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
97%100%103%20252026the asking price
98%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
0d12d23d20252026
16dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among semi-detached houses in markham. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 8,300 people.

$116,000Median household income
83.2%Own their home
38.1%Detached houses
39.6Median age
59.9%Born outside Canada
51.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35191211 — the few blocks around this address, home to 8,300 people. It describes the area, not this property.

8,300Population
37.9Average age
3.1Household size
$140,600Average household income
$116,000Median household income
83%Own their home
17%Rent
13%Condominiums
60%Born outside Canada
52%University degree
$1,280,000Average home value
10%Low income
53%Not in the labour force
20%Never married
Under $5,0001%
$5,000 to $9,999<1%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9992%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9994%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9993%
$100,000 and over36%
$100,000 to $124,9996%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over14%

Percentages are of the 4,185 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$2,600,000 · minimum here is $2,600,000
$57,561.19per month
Borrowed before insurance$10,400,000
Total borrowed$10,400,000
Interest over 25 years at 4.5%$6,868,356

If you rented it out

-$57,561.27per month out of pocket
Rent$0.00
Everything it costs to hold$57,561.27
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTRAL HOME REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.