MLS® listing
7 Albion Close: detached house for sale
$4,380,000
From the listing brokerage
Rare 1-Acre Lot In The Heart Of Prime Thornhill-Markham! One Of The Largest Residential Lots In The Area, Privately Set On A Quiet Court With A Gated Entrance, South-Backing Ravine Setting & Exceptional Future Potential. Contemporary Residence Featuring Expansive Floor-To-Ceiling Windows, Soaring Ceilings, Hardwood Floors & Multiple Walkouts Overlooking Mature Trees, Terraced Gardens, Patios & Walkways. Custom Gourmet Kitchen With High-End Appliances & Custom Millwork. 3-Car Garage With Circular Driveway. Includes 3 Full Kitchens. Incredible Opportunity To Renovate, Reimagine Or Create A Future Custom Residence On An Exceptionally Rare Parcel. Close To Bayview Golf & Country Club, Top Schools, Parks & Amenities.
Facts on the listing
| Square feet | 3500-5000 |
|---|---|
| Style | 2-Storey |
| Basement | Finished with Walk-Out, Finished |
| Lot width | 145 |
| Lot depth | 286 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 12 |
| Garage | Attached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 3 |
| Rooms | 14 |
| Property tax | $18,193 |
| Tax year | 2025 |
| Parking | Circular Drive |
| Interior features | Central Vacuum |
| Features | Ravine |
Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS® N13732034.
About this detached house
7 Albion Close is a 6 bedroom detached house in TRREB's Thornhill community in Markham, listed for sale at $4,380,000. The listing shows 5 bathrooms and 3500-5000 square feet. The lot is listed as 145 by 286 feet. It comes with 12 parking spaces according to the listing. The garage is listed as attached. The nearest main intersection given is Yonge/ Elgin Street.
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 7 Albion Close
At the asking price of $4,380,000, 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 | $4,380,000 |
|---|---|
| Ontario land transfer tax | $95,975 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $876,000 |
The down payment figure is the federal minimum: 20 percent of the price, which applies at $1.5 million or more. 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 (2025) | $18,193 a year, about $1,516 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 $4,380,000, which is $2,998,500 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 145 by 286 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 12 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 Thornhill
Thornhill is split down Yonge Street between Markham and Vaughan. The Markham side is the eastern half and it is the oldest established housing in the city.
Transit: YRT and Viva on Yonge Street and Highway 7, TTC connections at Steeles, Highway 404 and 407 nearby
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $663,000 | 13 sales, average $903,808 |
| Detached | About $1,495,000 | 5 sales, average about $1,391,000 |
| Condo apartment | About $525,000 | 7 sales, average about $542,000 |
Figures from TRREB's community housing market report, as listed in our Thornhill guide.
Questions about Thornhill
Is Thornhill the same as Markham?
No. Thornhill is a community that sits in two cities. The part east of Yonge Street is in the City of Markham and the part west of Yonge Street is in the City of Vaughan. This guide covers the Markham side.
Which side of Thornhill is Markham?
Yonge Street is the dividing line. East of Yonge is Markham, west is Vaughan. Two houses facing each other across Yonge sit in different municipalities, with different taxes and different city services.
How old is the housing?
Much of it dates from the 1950s through the 1980s, which makes this the most mature housing stock in Markham. Expect older systems and budget for them.
Is there a lot of rebuilding?
Yes. Large mature lots close to Toronto attract builders and several pockets have seen steady teardown and rebuild activity for years.
How is transit?
Better than most of Markham. Viva and YRT run on Yonge Street and Highway 7 and TTC connections at Steeles put the subway within reach without a car.
Who is buying here?
A mix. Downsizers who have been in the area for decades, families drawn by proximity to Toronto and builders. That mix keeps competition for good lots high.
Read the Thornhill neighbourhood guide · All Thornhill homes for sale
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Questions about 7 Albion Close
How much is land transfer tax on 7 Albion Close?
At the asking price of $4,380,000 the Ontario land transfer tax is $95,975. 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 7 Albion Close?
$876,000 at the asking price of $4,380,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 7 Albion Close?
The listing shows $18,193 a year for 2025, about $1,516 a month.
Is 7 Albion Close priced above or below the Markham median?
It is listed at $4,380,000. TRREB's September 2026 median for detached sales in Markham was $1,381,500 across 108 sales, so the asking price is $2,998,500 higher. The median covers every size and neighbourhood.
How do I book a showing for 7 Albion Close?
Use the form on this page or call us. Quote MLS® N13732034. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 7 Albion Close 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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