🔥 Cheapest Building Lot in Markham. Has $1.2M+ Upside, New Foundation, Permits. Available

Who’s looking for a profitable property?

Here are the top 3 reasons why this is an amazing buy:

1. Buy almost $100k under MPAC assessment value! MPAC value is $551k and your price is $459k.
2. Lower price than any vacant lot in Markham. But this comes with a new foundation and a 2-storey brick house on part of the foundation. AND this lot is bigger AND its in a prestigious neighbourhood.
3. Buy almost as low as when it was last sold 8 years ago. Since then, the value has increased with plans, permits, a new foundation, and a house has been moved on part of the foundation.

Here is your chance to grab a once in a decade kind of opportunity in one of Markham’s most charming, storybook neighbourhoods. This is a half-built home where all the heavy lifting has already been done for you. The full foundation is complete, a 2-storey brick house has been placed on the front of the foundation, and all city services are already running to the lot. Even better, most of the permits and plans are ready for you to take over and finish the build to a stunning 2,500 sq ft home worth around $1.6M to $1.7M once completed.

This pocket of Markham feels like a movie set, with mature trees, heritage charm, and relaxed streets that buyers love. Builders and advanced renovators will immediately see the spread. We already have some approvals, heritage compliance, drawings, HVAC design, grading plan, tree reports, and heritage easement documents in hand. The lot is fully serviced. You are stepping into a project where the hardest part is finished. Build out a back addition, design the interior exactly how you want, and capture a massive upside.

How can you profit?

1. Fix and Flip – Add an addition to finish the approved 2,500 sq ft build, follow the heritage exterior specs, design a modern interior of your choice, and sell around $1.6M to $1.7M. The spread here is massive for someone with the vision and expertise.
2. Easy Wholetail or Builder Exit – At this price this is cheaper than any vacant lot in Markham, while coming with a foundation, a 2-storey brick house on front part of foundation and plans and permits. You could sell as-is to a builder or complete strategic parts of the project and resell to a custom home buyer who wants a head start on a home in Canada’s first heritage sub-division.
3. Move In with Instant Equity – Build a beautiful custom home for your family in one of Markham’s most desirable estate home neighbourhoods. Enjoy a dream location with built-in equity the day you finish your build.

SUMMARY:

• LOCATION: Markham, ON (16th Avenue & Markham Road)
• PURCHASE PRICE: $459,900 Or Best Offer
• AFTER REPAIR VALUE: $1,600,000 to $1,700,000
• CLOSING: December 4, 2025 with possible flexibility (This is an assignment sale.)
• TYPE: Detached, 2 storey heritage home (partially built)
• BEDS/BATHS: Buyer to configure with approved 2,500 sq ft plan
• BASEMENT: Full foundation already completed
• SQFT: Approved to build approx. 2,500 sq ft
• LOT: large irregular lot – 60′ near front, 90′ back, 128′ deep
• AGE: New Foundation and needs rear addition. Front portion is 100+ years old.
• PROPERTY TAX: Approx. $4,026.60 per year
• POSSESSION: Vacant

RENOVATIONS NEEDED:
This is a significant project. The foundation is complete and a house has been placed on part of the foundation. The rest of the build is required. Many plans and permits are included. Please view the plans, pictures and videos for ideas on what you’d like to renovate.

GOOD NEWS:

• Huge upside.
• All city services are connected.
• Building permit, heritage permit, HVAC design, grading plan, survey, tree inventory, stamp pages, approved drawings, and heritage easement agreement included.
• Highly sought after Markham Heritage Estate homes located in Canada’s 1st Heritage Sub-Division.
• Ideal for builders, advanced renovators, or anyone ready for a high profit project.

LISTING ID: 1125-MAR-F01

Please reply to this email to request an info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Dussard, Sarah Budden, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors

PS. Email us today for your info package. Who wants to make money on this one?

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