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Listed 2 months ago

4914 14th Avenue

Milliken Mills East, Markham

$2,499,999

Detached|1 1/2 Storey
1 | 3 | 8
About this home

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.

Extras

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Got questions?

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,788
Lot Size100 ft x 283.97 ft
mls© NumberN13432184
Listed ByUNION 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.

Down payment20% · $500,000
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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