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New1 day ago

27 Oakcrest Avenue

Village Green-South Unionville, Markham

$2,700,000

Detached|Bungalow
2 | 2 | 6
About this home

A rare 114.33 by 173.78 foot parcel, just under 20,000 square feet, on an established street in Village Green-South Unionville. The land is the opportunity. Frontage of this width is scarce in the pocket, and the Oakcrest and Sabiston community is in transition, with several properties having received rezoning approvals to facilitate severance. One lot on the street has been fully severed and a second application is before the City. Build one substantial custom residence, or investigate a two-lot severance consistent with what has been pursued nearby. Buyer and buyer's agent to satisfy themselves as to all zoning, severance and development approvals. The existing 1969 brick bungalow sits well back behind mature evergreens and established gardens, with an attached garage, private double drive and six parking spaces in total. Municipal water, gas forced air, central air. The home is vacant and offered in as-is condition, with no showings of the property itself. The lot is monitored by security systems, and all lot walks must be booked through the listing brokerage in advance. Minutes to Highway 7 and McCowan, Unionville Main Street, transit and the 407.

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agent
Mahta Nourbakhsh
(416) 953-9580
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$9,668
Lot Size114.33 ft x 173.78 ft
mls© NumberN13811172
Listed ByCHESTNUT PARK REAL ESTATE LIMITED

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$13,820
Property tax
$806
Heat allowance
$150
Housing costs
$14,775 / mo

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

Down payment20% · $540,000
25-yr amortization

Income needed

$455,000

gross annual household income

Payment at 4%
$11,362 / mo
Cash down
$540,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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