1136 Markham Road

Property Overview

This home presents a distinct value proposition centered on its efficient use of space and significant price advantage within its immediate area. At 1,222 sqft, the living area is practical and actually above average for Markham Road itself. The 1975 build date is also a standout feature on its street, suggesting it may be among the most modern constructions in that specific row. However, its most defining characteristic is its assessed value of $280k, which is notably lower than averages on its street ($363k), in Waverley Heights ($398k), and citywide. This is balanced by a smaller, more manageable lot of 2,290 sqft, which means less yard maintenance.

Its appeal lies in offering solid interior space and a modern build year for the street at an accessible entry point into the market. It suits first-time buyers, downsizers, or practical investors seeking a lower-cost footprint in the area without sacrificing living space. The smaller lot could be a perk for those wanting minimal outdoor upkeep. A thoughtful perspective is that this property represents a "value anomaly" on its block—you’re buying a home that compares well internally to its neighbors but is priced significantly lower, potentially allowing for equity growth as it aligns with area norms.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
While specific assessment reasons aren't provided, the combination of a significantly smaller lot size and the assessed value being consistently below average across all comparison levels suggests this is the primary factor. It reflects a lower base value for the property itself.

2. Is the smaller lot a major drawback?
It depends on your lifestyle. It limits expansive gardening, large outdoor structures, or vast play areas. For those who prefer minimal yard work or prioritize indoor space over outdoor, it can be a practical benefit that contributes to the home's affordability.

3. The home is newer than most on the street. Does that mean it’s in better condition?
Not necessarily, but it suggests potentially fewer age-related concerns than its immediate neighbors. A 1975 build still requires a thorough inspection, but it may have features or systems that are more modern than older homes on the block.

4. How does the living area feel compared to other homes?
The data indicates the living area is above average for the street and competitive within the neighborhood. You are getting more interior space than many direct neighbors, which is a key positive offset to the smaller lot.

5. What does the "Top %" ranking mean for the year built?
A "Top 2%" rank for year built on its street means it is one of the newest homes among the 58 compared. However, rankings change with scope; in the wider neighborhood, it's older than average. This highlights that its modern status is very specific to its immediate location.