180 & 188 Main Street N, Markham

$1,998,000
180 & 188 Main Street N

$1,998,000

New
64d
Detached2 1/2 Storey

180 & 188 Main Street N, Markham

Total Monthly Obligation $9,055

Beds
6
Baths
4
Park
6
Sqft
3000-3500
DOM
64d
Score
14
Yield
2.9%
Cash on Cash
-10.4%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.3%
Property Type-Detached
MLS® Number-N13695850
Beds-6
Bathrooms-4
Size-3000-3500 sqft
Lot Size-130.12 × 121.21 ft
Listed on site-Aug 20, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$7,443.95 (2025)
Parking-8 - Attached
Basement-Half, Unfinished
Heating-Forced Air (Electric)
Brokerage-HOMELIFE/BAYVIEW REALTY INC.
Cooling-Central Air, Wall Unit(s)
Laundry-No
Fireplace-Family Room, Living Room
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-30/60 days/TBA
Neighbourhood-Old Markham Village
Title-Residential Freehold

No agent assigned

Discover a rare opportunity to own a distinguished 5-bedroom, 4-bath heritage home in the heart of historic Main Street Markham. Located on a prime, oversized corner, this exceptional property seamlessly blends timeless character with modern versatility. Boasting generous principal rooms, elegant architectural details, and ample living space, this residence is ideal for families, professionals, or investors alike. A chef's custom kitchen anchors the home, complemented by pot lights and built-in speakers that enhance both everyday living and entertaining. The flexible layout offers endless possibilities-whether you envision a stunning private residence, a live-work setup, or a unique commercial venture. Extensively updated with permits, the home features improvements to electrical, windows, insulation, driveway, fresh paint, front and rear porches, and siding-offering peace of mind while preserving its historic charm. An insulated and heated garage with an EV charger adds modern convenience and year-round functionality. With highly sought-after dual residential and commercial zoning, the property provides incredible potential for offices, boutique retail, or service-based businesses-right in one of Markham's most vibrant and charming corridors. Situated steps from shops, restaurants, parks, and transit, this prime location offers unmatched convenience while maintaining the character of a heritage setting. A truly rare offering-own a piece of Main Street Markham history with exceptional flexibility and future potential.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,598,400
Land Transfer Taxes$36,435
Legal Fees (Est.)
$
Total cash required for closing$437,535

Total Monthly Obligation

$9,055/mo
Mortgage $8,059
Monthly Loss $6,934
Principal$2,121
Interest$5,939
Property Tax$620
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.2%0
5-Year IRR
5.2%11
10-Year IRR
6.8%
Returns Index
7.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$57,708/yr
NOI
$39,993/yr
Net Cash Flow
-$4,727/mo
Cash Margin
-98.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.413
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
13.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 180 & 188 Main Street N

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.