40 Colonel Butler Drive, Markham

$1,598,000
40 Colonel Butler Drive

$1,598,000

Price Change
22d
Detached2-Storey

40 Colonel Butler Drive, Markham

Total Monthly Obligation $7,397

Beds
4
Baths
3
Park
2
Sqft
2500-3000
DOM
22d
Score
14
Yield
2.7%
Cash on Cash
-11.7%
Cap Rate
2.1%
5Y IRR
6.4%
10Y IRR
7.5%
Property Type-Detached
MLS® Number-N13851020
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-40.03 × 218 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,919 (2025)
Parking-4 - Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-Inground
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60/90
Neighbourhood-Sherwood-Amberglen
Title-Residential Freehold

No agent assigned

Welcome to 40 Colonel Butler Drive, tucked away in the established and highly sought-after Sherwood-Amberglen community of Markham. Set on an exceptional 40 x 218 ft lot surrounded by mature trees, this spacious 2-storey brick home offers over 2,650 sq. ft. above grade, a finished lower level and a spectacular backyard retreat with an inground pool. Inside, the generous main-floor layout offers plenty of room to gather, entertain and simply enjoy everyday life. Formal living and dining rooms are complemented by a spacious kitchen with centre island, stainless steel appliances and a walkout to the backyard, while the family room features a gas fireplace, bow window and views of the beautiful outdoor setting. Main-floor laundry with direct garage access adds everyday convenience. Upstairs, the impressive primary retreat measures approximately 19 x 17 ft and overlooks the pool, with a 5-piece ensuite and an exceptionally large walk-in dressing room. Additional bedrooms provide comfortable space for family, guests or a home office. The finished lower level adds even more versatility with an expansive recreation room, wine cellar, walk-in closet and abundant storage. And then there is the backyard. With a lot extending approximately 218 ft deep, this is outdoor space that is increasingly hard to find in Markham. Mature trees and established landscaping create a private, leafy setting around the inground pool, with generous patio and lounging areas for summer entertaining, dining and relaxing. Located in Sherwood-Amberglen, an established neighbourhood known for its mature streetscapes and access to parks and green space, you're minutes from Main Street Markham, the Rouge Valley trail system, Milne Dam Conservation Park, Markham Stouffville Hospital, shopping, dining, transit and major commuter routes. A substantial family home, an extraordinary lot and a backyard built for summer - all in one of Markham's established communities.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,278,400
Land Transfer Taxes$28,435
Legal Fees (Est.)
$
Total cash required for closing$349,535

Total Monthly Obligation

$7,397/mo
Mortgage $6,446
Monthly Loss $5,701
Principal$1,696
Interest$4,750
Property Tax$577
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.7%0
5-Year IRR
4.1%8
10-Year IRR
6.0%
Returns Index
5.6/ 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
$42,684/yr
NOI
$26,997/yr
Net Cash Flow
-$4,196/mo
Cash Margin
-118.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
13.9/ 100

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

Comparables

Properties near 40 Colonel Butler Drive

Time

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Data last updated within the past 24 hours.