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Listed 2 months ago

51 Steele Valley Road

Grandview, Markham

$5,490,000

Detached|2-Storey
5 | 8 | 13
About this home

Rare find 52,517.07 ft (1.206 ac) ravine lot * H-U-G-E 100' frontage * Custom-built 1-of-A-Kind stately mansion in prime Bayview/Steeles million$ enclave * Breath-taking 4-season ravine view right in your backyard * ~10,000 sf total living space (incl fin W/O bsmt) *Sun-filled home with south exposure * Total 7 BR, 5 on 2/F (2 ens, 2 semi-ens), 2 in bsmt * 8 WR * Private elevator on all 3 levels * 10'10' Ceiling (M/F) *3-car attached garage *Circular driveway with 10 parking spaces .... All in one: Entertainer's dream home + Gardener's delight + Naturalist's paradise * Stunning Edward's Garden-like garden with matured trees and green settings *Lush green private backyard with trees, flowers, stream running through the backyard, bridge, gazebo, child's play area -- absolutely picture-perfect setting for weddings, parties, special occasions *Grand 2-storey foyer with super dramatic double staircase *Huge chef's dream kit with centre island, greenhouse-like breakfast area *Grand LR, DR, FAM *Huge Library w/4-pc can be 8th BR *Finished Walk-Out basement with: 2BR, 2 baths (for guest or nanny), glass-blocked spa area with sauna & whirlpool, separate toilet/shower, kitchen, cedar closet *Basement can be self-contained unit with separate entrance for parents/newly weds/teens in a multi-generation family *2 separate stairs to basement + service entrance * 2 furnaces * Original owner since 1995 *House situated at the most vintage point on child-safe Cul-de-sac/Court, no side walk on street * Prestigious & secluded street only with multi-million$ estate lots, no semi/TH *No towering condos to the north for about 6 blocks (till Hwy 7) *Mins to Hwy 404/401/7 *Be sure to watch the drone video - absolutely breathtaking!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size5000 + sq. ft.
Property Tax$35,282
Lot Size100 ft x 396 ft
mls© NumberN13231694
Listed ByMARKHAM CENTRE REALTY INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$28,100
Property tax
$2,940
Heat allowance
$150
Housing costs
$31,191 / mo

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

Down payment20% · $1,098,000
25-yr amortization

Income needed

$960,000

gross annual household income

Payment at 4%
$23,103 / mo
Cash down
$1,098,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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