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Listed 14 days ago

86 Morgan Avenue

Thornhill, Markham

$1,350,000

Detached|Bungalow
3 | 3 | 4
About this home

Welcome to 86 Morgan Avenue, a beautifully maintained detached home in the heart of Thornhill, offering the perfect balance of comfort, opportunity, and long-term value. Set on a rare 50 x130 ft pool-sized lot, this property delivers exceptional outdoor space for entertaining, gardening, or future expansion. Inside, the home features a bright and functional 3+3 bedroom, 3-bathroom layout, ideal for growing families or multi-generational living. The main level showcases a recently upgraded kitchen with brand-new countertops and high-end stainless steel appliances (2023), along with updated windows (2023) and a new A/C system (2025), ensuring modern comfort throughout. A major highlight is the fully finished LEGAL basement apartment, registered with the City of Markham, offering excellent income potential or private space for extended family. The property also presents outstanding future development opportunities, including the potential to build a custom 2-3 storey home or explore a semi-detached redevelopment option (buyer to verify). Located in a highly desirable Thornhill pocket, residents enjoy access to top-ranked schools including Thornlea Secondary School, E.J. Sand Public School, and nearby private and French immersion options. Lifestyle amenities are just minutes away with local favourites such as Bayview Village Shopping Centre, Vaughan Mills, cafés along Yonge Street, and parks like Dufferin Clark Conservation Area. The area is also positioned for strong future growth with the upcoming Yonge North Subway Extension, bringing new transit connectivity to Richmond Hill and beyond. A rare opportunity to own a versatile property in one of Thornhill's most established and evolving communities-perfect for end-users, investors, and builders alike.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,324
Lot Size50 ft x 130 ft
mls© NumberN13587388
Listed ByKELLER WILLIAMS REFERRED URBAN 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%
$6,910
Property tax
$527
Heat allowance
$150
Housing costs
$7,587 / mo

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

Down payment20% · $270,000
25-yr amortization

Income needed

$233,000

gross annual household income

Payment at 4%
$5,681 / mo
Cash down
$270,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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