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New13 hours ago

36 Jondan Crescent

Royal Orchard, Markham

$1,250,000

Detached|2-Storey
4 | 3 | 6
About this home

Rare Opportunity for Builders, Developers & Investors - All the Hard Work is Done! The current owner has partnered with designers, architects, and the City of Markham to produce fully approved plans for a stunning modern luxury home. Priced at land value with approved building permits included - simply pull the permits and build. Proposed Home Features: Above-Grade Space: ~3,800 sq. ft. across two storeys. Upper Level & Main Floor: 4 spacious bedrooms (each with its own ensuite), grand foyer, chef's kitchen, breakfast area, family room, formal living and dining rooms, and a dedicated home office. Fully Finished Basement: Includes a gym, recreation room, wet bar, wine cellar, and sauna. Additional Highlights: An elevator, covered deck, and 2-car garage complete this exceptional design. Investment Highlights: Estimated Build Cost: ~$1.5M in premium finishes. Market Potential: Comparable new builds in the area are valued near $3.08M - the upside is undeniable. Financing: Seller Take-Back (loan) may be considered for qualified buyers. Location: Situated on a premium ravine lot in a sought-after, family-friendly Markham neighbourhood with easy access to Hwy 407, top-rated schools, dining, and an upcoming subway line.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,281
Lot Size55 ft x 110.72 ft
mls© NumberN13806696
Listed ByANJIA 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%
$6,398
Property tax
$523
Heat allowance
$150
Housing costs
$7,071 / mo

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

Down payment20% · $250,000
25-yr amortization

Income needed

$218,000

gross annual household income

Payment at 4%
$5,260 / mo
Cash down
$250,000

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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