MLS® listing
62 Peter Street: detached bungalow for sale
$1,399,000
From the listing brokerage
Rare Opportunity in the Heart of Markham! Nestled on a quiet, family-friendly street, this well-maintained bungalow sits on a premium 66 x 134 ft mature lot in one of Markham's most sought-after neighbourhoods. Surrounded by numerous luxury custom-built homes and charming heritage properties, this is one of the few remaining oversized lots offering exceptional potential to live in, renovate, invest, or build your dream home. The home features a fully renovated basement complete with a kitchen and full bathroom, making it ideal as an in-law suite or for extended family. Enjoy an oversized driveway with no sidewalk, a spacious private backyard with mature trees, and a peaceful setting perfect for families. Conveniently located within walking distance to Historic Main Street Markham, parks, shopping, restaurants, public transit, and everyday amenities, with just minutes to Markham Stouffville Hospital, Markville Mall, GO Transit, and major highways. A truly rare offering combining location, lifestyle, and future redevelopment potential.
Facts on the listing
| Square feet | 1100-1500 |
|---|---|
| Style | Bungalow |
| Basement | Finished |
| Lot width | 66 |
| Lot depth | 133.62 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 5 |
| Garage | Detached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $5,884 |
| Tax year | 2026 |
| Interior features | Primary Bedroom - Main Floor |
Listing courtesy of HOMELIFE LANDMARK REALTY INC.. MLS® N13605038.
About this detached bungalow
62 Peter Street is a 5 bedroom detached bungalow in TRREB's Old Markham Village community in Markham, listed for sale at $1,399,000. The listing shows 3 bathrooms and 1100-1500 square feet. The lot is listed as 66 by 133.62 feet. It comes with 5 parking spaces according to the listing. The garage is listed as detached. The nearest main intersection given is Main Street And 16th Ave.
These details come from the listing brokerage through TRREB's MLS® System and are not guaranteed. Measurements, parking and what is included should be checked at a showing and written into the agreement of purchase and sale.
What it costs to buy 62 Peter Street
At the asking price of $1,399,000, a buyer in Markham pays Ontario land transfer tax on closing. The City of Toronto is the Ontario municipality that charges a municipal land transfer tax of its own, so there is no second tax here.
| Asking price | $1,399,000 |
|---|---|
| Ontario land transfer tax | $24,455 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $114,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The tax is worked out at the published rates for a home with one or two single family residences and your lawyer confirms the final amount. Legal fees, title insurance and adjustments are extra: our closing costs guide lists them. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $5,884 a year, about $490 a month |
|---|
That is before a mortgage payment, home insurance and utilities. These are the figures on the listing, so check the current tax bill before you rely on them.
How the asking price compares
TRREB's Market Watch recorded 108 detached sales in Markham in September 2026, at a median of $1,381,500 and an average of $1,534,139. This home is listed at $1,399,000, which is $17,500 above that median.
A city-wide median covers every size, age and neighbourhood, so it is a reference point and not a valuation of this home. Lot, size, condition and location all move the price. Our September 2026 market report and our Markham house prices page have the figures for each home type.
What to check before you make an offer
- Book a home inspection. An inspection looks at the parts of a house you cannot judge at a showing. Our guide explains what a home inspection covers and misses.
- Ask for the survey. The listing gives the lot as 66 by 133.62 feet. If the seller has a survey, check the lot lines, fences and any easements against it.
- Confirm what stays. Have the appliances, fixtures and any rented equipment written into the offer.
- Confirm the parking. The listing shows 5 parking spaces.
- Get your financing in writing. A lender looks at the property tax as well as the price.
- See it in person. photos do not show noise, light at different hours or the condition of the roof, the basement and the yard.
Our page on buying a home in Markham sets out the steps in order. This is general information, not legal advice. Confirm the details with a lawyer.
About Markham Village
The original Markham. A working main street, deep lots and housing stock that spans well over a century, all within a short walk of a GO station.
Transit: Markham GO on the Stouffville line, YRT routes on Highway 7 and Markham Road
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $1,209,000 | 26 sales, average $1,229,034 |
| Detached | About $1,265,000 | 22 sales, average about $1,311,000 |
| Condo townhouse | About $749,000 | 4 sales, average about $780,000 |
Figures from TRREB's community housing market report, as listed in our Markham Village guide.
Questions about Markham Village
How is Markham Village different from Unionville?
Both have a historic main street, but Markham Village is less of a tourist destination and the housing stock is more varied. Lots are often deeper, detached homes have traded lower and the streets are quieter on weekends. From January to March 2026 the detached median was about $1,265,000 in Markham Village and about $1,654,000 in Unionville (TRREB).
Are the lots really bigger here?
In much of the older core, yes. Frontages and depths from the 1960s and 1970s tend to beat what newer north Markham subdivisions offer, which is why rebuilders keep looking here.
What should I watch for in the older houses?
Knob and tube wiring, galvanised or older copper plumbing, aluminium wiring in some 1970s builds and original windows. None of these are deal breakers but they belong in your budget.
Is it walkable to the GO station?
From a good portion of the older core, yes. From the newer pockets north and east it is a drive or a bus. Always check the specific address.
Is this a good area for a first purchase?
It can be. Townhomes and smaller bungalows are the usual starting point and the location is central. From January to March 2026 the condo townhouse median here was about $749,000 on 4 sales (TRREB), so check current listings rather than relying on a small sample.
Read the Markham Village neighbourhood guide · All Markham Village homes for sale
Similar homes for sale in Markham Village
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$990,000Questions about 62 Peter Street
How much is land transfer tax on 62 Peter Street?
At the asking price of $1,399,000 the Ontario land transfer tax is $24,455. Markham has no municipal land transfer tax. A first-time buyer who qualifies can get up to $4,000 back. Confirm the final figure with your lawyer.
What is the minimum down payment for 62 Peter Street?
$114,900 at the asking price of $1,399,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 62 Peter Street?
The listing shows $5,884 a year for 2026, about $490 a month.
Is 62 Peter Street priced above or below the Markham median?
It is listed at $1,399,000. TRREB's September 2026 median for detached sales in Markham was $1,381,500 across 108 sales, so the asking price is $17,500 higher. The median covers every size and neighbourhood.
How do I book a showing for 62 Peter Street?
Use the form on this page or call us. Quote MLS® N13605038. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 62 Peter Street still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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