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Listed 27 days ago

22 Grandview Avenue

Grandview, Markham

$2,550,000

Detached|Bungalow
2 | 1 | 4
About this home

Prestigious Power of Sale offering in the sought-after Grandview community of Markham, ideally positioned within the Yonge & Steeles Major Transit Station Area (MTSA). Situated on a 50 x 125 ft lot, this detached bungalow presents a rare opportunity to secure real estate in one of the GTA's most strategic growth corridors.The residence features 2+1 bedrooms, a finished walk-out basement, private driveway parking, and municipal services. Located within the boundaries of the City of Markham Secondary Plan, the property benefits from proximity to future subway infrastructure and planned intensification initiatives.Surrounded by transit, top amenities, schools, and key arterial routes, this address offers exceptional long-term positioning for investors, developers, or buyers seeking strategic acquisition in a premier regional hub.Buyer to conduct their own due diligence regarding zoning, redevelopment potential, and property details. Property sold under Power of Sale provisions.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$7,135
Lot Size50 ft x 124.5 ft
mls© NumberN13540426
Listed ByRE/MAX HALLMARK REALTY LTD.

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%
$13,052
Property tax
$595
Heat allowance
$150
Housing costs
$13,797 / mo

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

Down payment20% · $510,000
25-yr amortization

Income needed

$425,000

gross annual household income

Payment at 4%
$10,731 / mo
Cash down
$510,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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