**Attention Builders, Investors & Visionary Homeowners! Rare Opportunity at 41 Elgin Street.**An extraordinary opportunity awaits on **Elgin Street, one of Markham's most prestigious and sought-after streets.** This exceptional lot, measuring approximately **55 ft. x 469 ft.**, offers a rare ravine-like setting with privacy, tranquility, and endless possibilities.Renovate the existing residence and enjoy a resort-style backyard retreat, or take advantage of the opportunity to create the luxury estate you have always envisioned. **Ready to build with permit approved for approximately 5,300 sq. ft. across the first and second floors, with approximately 7,000 sq. ft. of total luxury living space.**Ideal for builders, investors, and discerning homeowners, this remarkable property provides the perfect canvas for a spectacular custom residence with expansive living spaces, luxurious finishes, exceptional outdoor living, and a private backyard sanctuary.The extraordinary lot depth creates endless opportunities for gardens, recreation, entertaining, and creating a true family retreat. Located in a highly desirable and established neighborhood, 41 Elgin Street offers the perfect balance of prestige, privacy, and convenience, surrounded by top-rated schools, parks, shopping, restaurants, transit, and major amenities.Whether you are a builder seeking a showcase project, an investor looking for a premium opportunity, or a homeowner ready to create a legacy estate, this property delivers.**Live in it. Renovate it. Expand it. Or build the home you've always dreamed of.****41 Elgin Street - a rare opportunity to create your legacy on one of Markham's finest streets. Truly a rare gem.**
8 bedrooms, 3 bathrooms, about 3,000 sq ft, works out to roughly $716 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 41 Elgin St
Every detail from the listing, in one place.
Type
Detached
Style
Sidesplit 4
Living space
3000-3500 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Finished with Walk-Out
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Finished with Walk-Out
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Sidesplit 4
Property class
Detached
41 Elgin St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13700390$2,148,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 41 Elgin St Compares to the Markham Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$10,552
/mo
based on the purchase price of $2,148,000
$429,600 cash
$1,718,400 financed
$1,447,344 total interest
Principal54%$1,718,400
Interest46%$1,447,344
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 41 Elgin St
Homes for sale in Markham
Every active Markham MLS® listing, updated all day.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio99.3%On average, homes sold below asking.
Active listings1,507Homes for sale here right now.
Median vs prior 90 days+0.7%Compared with Apr 14 – Jul 13, 2026: prices up.
Based on 1,352 sales from Jul 13 – Oct 11, 2026 (760 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
41 Elgin St is listed at $2,148,000 (MLS® N13700390). Summitly updates the price as soon as the MLS® record changes.
Is $2,148,000 a good price for 41 Elgin St?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Markham. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 41 Elgin St changed?
No — 41 Elgin St is still listed at its original asking price of $2,148,000.
How many bedrooms and bathrooms does 41 Elgin St have?
41 Elgin St has 8 bedrooms and 3 bathrooms, with about 3,000–3,500 square feet of living space. It is a detached home in Markham.
Is 41 Elgin St close to transit?
The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 3.0 km in a straight line. Finch Station is about 3.4 km, and Old Cummer GO Station is about 4.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 41 Elgin St?
About $10,552 a month — principal and interest on $2,148,000 with 20% down ($429,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 41 Elgin St compare with other homes in Markham?
Its asking price of $2,148,000 is about 98% above the median sold price in Markham over the last 90 days, $1,085,000, across 1,352 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 41 Elgin St been sold before?
Summitly has no earlier MLS® sale or lease of 41 Elgin St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 41 Elgin St?
41 Elgin St is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 41 Elgin St been on the market?
51 days — 41 Elgin St was listed on August 21, 2026.
What is the price per square foot of 41 Elgin St?
About $614 to $716 per square foot: the asking price of $2,148,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 41 Elgin St have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.