MLS® listing
40 Tidewater Street: detached house for sale
$1,268,888
From the listing brokerage
Welcome to this beautifully maintained 4+1 bedroom, 4-bath detached home in Markham's highly sought-after Wismer community. Freshly painted and filled with natural light, this spacious family home features 9-ft ceilings, hardwood flooring, California shutters and pot lights throughout the main level. The impressive open-to-above living room creates a bright and airy first impression, while the inviting family room features a gas fireplace. The well-appointed kitchen offers granite countertops and ample cabinetry, with convenient direct access to the garage. Upstairs you'll find 4 generously sized bedrooms, including a spacious primary retreat with walk-in closet and 5-piece ensuite. The professionally finished basement provides exceptional additional living space with a large recreation/living area, bedroom, 3-piece bathroom for extended family or guests. Roof reshingled in 2021, Central Air Conditioner replaced in 2024. Excellent location just minutes to highly rated Bur Oak Secondary School and Fred Varley Public School, GO Station, parks, transit, shopping, restaurants, banks and everyday amenities. A wonderful family home in one of Markham's most desirable communities!
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Approximate age | 16-30 |
| Style | 2-Storey |
| Basement | Finished |
| Lot width | 35.6 |
| Lot depth | 86.94 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 3 |
| Garage | Attached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $5,480 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | Carpet Free |
Listing courtesy of CENTURY 21 PERCY FULTON LTD.. MLS® N13811716.
About this detached house
40 Tidewater Street is a 5 bedroom detached house in TRREB's Wismer community in Markham, listed for sale at $1,268,888. The listing shows 4 bathrooms and 2000-2500 square feet. The lot is listed as 35.6 by 86.94 feet. It comes with 3 parking spaces according to the listing. The garage is listed as attached. The nearest main intersection given is 16th Ave / McCowan Rd. The approximate age on the listing is 16-30 years.
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 40 Tidewater Street
At the asking price of $1,268,888, 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 | $1,268,888 |
|---|---|
| Ontario land transfer tax | $21,853 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $101,889 |
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) | $5,480 a year, about $457 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 $1,268,888, which is $112,612 below 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 35.6 by 86.94 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 3 parking spaces.
- Get your financing in writing. A lender looks at the property tax as well as the price.
- See it in person. The listing has a virtual tour, but 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 Wismer
Wismer Commons is north Markham's quiet middle.
Transit: Mount Joy GO on the Stouffville line nearby, YRT local routes
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $1,048,000 | 39 sales, average $1,008,437 |
| Detached | About $1,418,000 | 11 sales, average about $1,451,000 |
| Semi-detached | About $1,040,000 | 9 sales, average about $1,088,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,112,000 | 5 sales, average about $1,095,000 |
| Condo apartment | About $478,000 | 12 sales, average about $490,000 |
Figures from TRREB's community housing market report, as listed in our Wismer guide.
Questions about Wismer
Can I walk to the GO train?
From the eastern streets closest to Mount Joy, some people do. From the rest of Wismer it is a short drive or a bus. Check the address before you count on it.
Is the housing stock consistent?
Largely yes, which makes pricing transparent. Most homes date from the early 2000s onward, so mechanicals are newer and inspections tend to be uneventful.
What about mature trees?
Still filling in. The tree canopy here is nothing like Unionville or Markham Village and that is the usual trade for newer housing.
Is it a good area to upsize into?
It is one of the most common upsizing destinations in Markham, usually from a condo or townhome further south.
Read the Wismer neighbourhood guide · All Wismer homes for sale
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Questions about 40 Tidewater Street
How much is land transfer tax on 40 Tidewater Street?
At the asking price of $1,268,888 the Ontario land transfer tax is $21,853. 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 40 Tidewater Street?
$101,889 at the asking price of $1,268,888, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 40 Tidewater Street?
The listing shows $5,480 a year for 2026, about $457 a month.
Is 40 Tidewater Street priced above or below the Markham median?
It is listed at $1,268,888. TRREB's September 2026 median for detached sales in Markham was $1,381,500 across 108 sales, so the asking price is $112,612 lower. The median covers every size and neighbourhood.
How do I book a showing for 40 Tidewater Street?
Use the form on this page or call us. Quote MLS® N13811716. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 40 Tidewater 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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