7-Bed Markham House with In-Law Suite and Finished Basement

Property details for 77 Forty Second Street, Markham

Type: Residential
Bedrooms: 7
Bathrooms: 6
Lot Size: 47.7 x 119.4 FT ; 70.67' Rear, 120.32' South Side
Stories: 2
Basement: Finished, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $7,451

This is a big one. 7 beds, 6 baths, and over 4,000 square feet of finished living space on a 47.7 x 119.4 foot lot in Markville. The ground floor has a proper in-law suite with its own side entrance - perfect for extended family or rental income. Also on the main level, a modern kitchen with a large island, hardwood floors throughout, and a 17-foot foyer with coffered ceilings that really sets the tone. Upstairs, you'll find five generous bedrooms, including a primary with a custom closet. The basement is fully finished with a wet bar, sauna, a theatre room with built-in Bluetooth speakers, and an extra bedroom - great for movie nights. Recent upgrades include a 2023 A/C, whole-house water softener, EV charger in the garage, and security cameras. Outside, there's interlock driveway parking for 8 cars total. You're 1.6 km from both Markville Shopping Centre and Pierre Elliott Trudeau High School. Priced at $1,999,000, it's slightly above the local median of $1,949,000, but with this much space and those features, it's worth a look.

About 77 Forty Second Street, Markham — Property Score

Prime Location Strong Investment Feature Rich

Score: 69/100

Value

Priced 11.2% above area median of $1,798,000 based on 87 comparable properties nearby 53

Stable pricing - no price changes since original listing date 50

Size

7 bedrooms - 2 more than similarly priced 5-bedroom homes nearby 84

6 bathrooms - 2 more than similarly priced properties nearby 84

5,695 sqft lot - a standard lot for the area 65

Location

$118K median household income - above the Canadian average of $70K 89

84% of residents hold postsecondary credentials - a highly educated neighbourhood 92

100% homeownership rate - indicating a stable, owner-occupied community 100

51% of residents commute under 30 minutes - good commuting convenience 71

3,164/km² population density - a well-balanced suburban area 98

Market

Just listed - area average is 34 days on market 100

-99.1% median price change over 1 month - declining prices in the area 1

37.2 months of housing supply - 484 active listings with 13 sold last month (buyer's market) 40

Features

8-car garage - more than the area average of 5.6 spots 95

Finished, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.37% effective tax rate ($7,451/yr) - very low tax burden 89

Quality

Condition

Listing

50 photos provided - 32% more than the area average of 38 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.