MLS® listing
48 Outlook Terrace Drive: detached house for sale
$1,100,000
From the listing brokerage
Gorgeous Home In Greensborough Stained Glass Door Entrance. 3 Good Size Bedrooms. Open Concept, Spacious Layout Modern Upgrade Kitchen Direct Access To Garage. Brand new appliances, Fresh Paint, Excellently Maintained. Close To Park, School, Groceries And All Amenities. Move-In Condition ! Don't miss this unique opportunity ! Book Your Tour Today !
Facts on the listing
| Square feet | 1500-2000 |
|---|---|
| Style | 2-Storey |
| Basement | Finished |
| Lot width | 30.01 |
| Lot depth | 88.58 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 2 |
| Garage | Attached |
| Heating | Forced Air |
| Cooling | Other |
| Kitchens | 1 |
| Rooms | 8 |
| Property tax | $4,174 |
| Tax year | 2025 |
| Parking | Private |
Listing courtesy of HOMELIFE LANDMARK REALTY INC.. MLS® N13877058.
About this detached house
48 Outlook Terrace Drive is a 3 bedroom detached house in TRREB's Greensborough community in Markham, listed for sale at $1,100,000. The listing shows 3 bathrooms and 1500-2000 square feet. The lot is listed as 30.01 by 88.58 feet. It comes with 2 parking spaces according to the listing. The garage is listed as attached. The nearest main intersection given is 16th/9th.
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 48 Outlook Terrace Drive
At the asking price of $1,100,000, 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 | $1,100,000 |
|---|---|
| Ontario land transfer tax | $18,475 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $85,000 |
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 (2025) | $4,174 a year, about $348 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 $1,100,000, which is $281,500 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 30.01 by 88.58 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 2 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 Greensborough
Northeast Markham built around a GO station. Newer housing, a lot of townhome supply and the shortest walk to a train in this part of the city.
Transit: Mount Joy GO on the Stouffville line, YRT local routes
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $980,100 | 31 sales, average $988,068 |
| Detached | About $1,361,000 | 8 sales, average about $1,312,000 |
| Semi-detached | About $1,015,000 | 4 sales, average about $1,010,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $896,000 | 5 sales, average about $909,000 |
| Condo townhouse | About $820,000 | 11 sales, average about $808,000 |
Figures from TRREB's community housing market report, as listed in our Greensborough guide.
Questions about Greensborough
Is Greensborough walkable to the GO station?
For a meaningful share of the neighbourhood, yes. Mount Joy sits inside the community rather than at its edge, which is unusual for north Markham and it is the main reason people buy here.
Is there a lot of townhome supply?
Yes. From January to March 2026 the all property types median here was $980,100, below Wismer at $1,048,000 and Berczy at $1,232,000 (TRREB). The supply also means more competition when you sell. Condition and presentation decide outcomes here.
Does it suit investors?
The townhome and condo stock plus the GO station make it one of the more rentable pockets in Markham. Run your own numbers and confirm current rules before you buy for that purpose.
How does it compare to Wismer?
Similar age and style. Greensborough has more attached and stacked stock and better station access. Wismer skews slightly more detached.
What is the shopping like?
Plazas along Markham Road and Bur Oak Avenue cover day to day needs. There is no main street.
How old are the houses?
Mostly mid 2000s onward, so mechanicals are newer and major repairs are usually still some years away.
Read the Greensborough neighbourhood guide · All Greensborough homes for sale
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Questions about 48 Outlook Terrace Drive
How much is land transfer tax on 48 Outlook Terrace Drive?
At the asking price of $1,100,000 the Ontario land transfer tax is $18,475. 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 48 Outlook Terrace Drive?
$85,000 at the asking price of $1,100,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 48 Outlook Terrace Drive?
The listing shows $4,174 a year for 2025, about $348 a month.
Is 48 Outlook Terrace Drive priced above or below the Markham median?
It is listed at $1,100,000. TRREB's September 2026 median for detached sales in Markham was $1,381,500 across 108 sales, so the asking price is $281,500 lower. The median covers every size and neighbourhood.
How do I book a showing for 48 Outlook Terrace Drive?
Use the form on this page or call us. Quote MLS® N13877058. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 48 Outlook Terrace Drive 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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