Markham, Old Markham Village, L3P 1Y6
$1,625,000
Listed by CENTURY 21 LEADING EDGE REALTY INC..
Perfect for investors, renovators, or multi-generational families, 261 Main St North in Old Markham Village offers a unique opportunity to restore and customize a spacious home with income potential. Featuring five bedrooms, two full bathrooms, and two kitchens across the main and second floors, this property provides a versatile layout ideal for extended families or rental options. The unfinished third floor presents an exciting opportunity to create an additional bedroom, home office, or private retreat. A large detached garage adds even more value, with space for two vehicles and an integrated workshop perfect for hobbyists or tradespeople. Above the garage, a separate two-bedroom apartment with its own kitchen, bathroom, and expansive living room and storage loft is accessed via an external staircase. It is currently tenanted and offers immediate rental income. Located just a five-minute walk from the Markham Village GO Station, commuting to downtown Toronto is effortless. This home is also within walking distance of boutique shops, local dining, parks, and top-rated schools. While this property will benefit from a renovators touch, it holds immense potential to become a stunning family home or an income-generating investment in one of Markhams most desirable neighborhoods. Don't miss this opportunity to bring new life to a historic gem in the heart of Old Markham Village. 200A Electrical; Roof 2022; Gas furnace 2009 Property is sold as is, where is.
All usuals: light fixtures, window coverings. Fridge and stove in kitchen, main floor, and microwave in sunroom.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.