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Milliken Mills East, Markham
$2,499,999
Exceptional Redevelopment Opportunity in Markham Rare Premium Lot on 14th Ave! Whether you're a builder looking to create a new housing development or an investor seeking to capitalize on Markham's real estate market, this is the opportunity you've been waiting for. Offering a stunning 100-foot frontage by 284-foot depth, this flat, premium lot spans approximately 28,180 sqft (~0.65 acres) in one of the most sought-after corridors in the region. Surrounded by upscale neighbourhoods and estate homes, the possibilities here are endless, envision a grand custom luxury residence complete with a circular driveway, 3-car garage, indoor pool, and private backyard oasis, or explore multi-generational living and potential lot severance opportunities. For builders and developers, potential uses include a custom luxury build, multi-unit redevelopment, or lot severance (buyer to verify with municipality), with the purchase of the neighbouring lot. Ideally situated with easy access to major transportation routes, top-rated schools, shopping plazas, dining, transit, Markville Mall, and community centres, everything your future residents or tenants could ask for is minutes away. Opportunities of this caliber rarely come to market. Don't miss your chance to secure this one-of-a-kind asset.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $8,788 |
| Lot Size | 100 ft x 283.97 ft |
| mls© Number | N13432184 |
| Listed By | UNION CAPITAL REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $12,796
- Property tax
- $732
- Heat allowance
- $150
- Housing costs
- $13,678 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$421,000
gross annual household income
- Payment at 4%
- $10,520 / mo
- Cash down
- $500,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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Comparable sales
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