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New6 days ago

41 Elgin Street

Thornhill, Markham

$2,148,000

Detached|Sidesplit 4
8 | 4 | 4
About this home

**Attention Builders, Investors & Visionary Homeowners! Rare Opportunity at 41 Elgin Street.**An extraordinary opportunity awaits on **Elgin Street, one of Markham's most prestigious and sought-after streets.** This exceptional lot, measuring approximately **55 ft. x 469 ft.**, offers a rare ravine-like setting with privacy, tranquility, and endless possibilities.Renovate the existing residence and enjoy a resort-style backyard retreat, or take advantage of the opportunity to create the luxury estate you have always envisioned. **Ready to build with permit approved for approximately 5,300 sq. ft. across the first and second floors, with approximately 7,000 sq. ft. of total luxury living space.**Ideal for builders, investors, and discerning homeowners, this remarkable property provides the perfect canvas for a spectacular custom residence with expansive living spaces, luxurious finishes, exceptional outdoor living, and a private backyard sanctuary.The extraordinary lot depth creates endless opportunities for gardens, recreation, entertaining, and creating a true family retreat. Located in a highly desirable and established neighborhood, 41 Elgin Street offers the perfect balance of prestige, privacy, and convenience, surrounded by top-rated schools, parks, shopping, restaurants, transit, and major amenities.Whether you are a builder seeking a showcase project, an investor looking for a premium opportunity, or a homeowner ready to create a legacy estate, this property delivers.**Live in it. Renovate it. Expand it. Or build the home you've always dreamed of.****41 Elgin Street - a rare opportunity to create your legacy on one of Markham's finest streets. Truly a rare gem.**

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleSidesplit 4
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$11,933
Lot Size55 ft x 469.1 ft
mls© NumberN13700390
Listed BySOLTANIAN REAL ESTATE INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,994
Property tax
$994
Heat allowance
$150
Housing costs
$12,139 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $429,600
25-yr amortization

Income needed

$374,000

gross annual household income

Payment at 4%
$9,039 / mo
Cash down
$429,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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