2 Spirea Court, Markham

$4,588,000
2 Spirea Court

$4,588,000

New
4d
Detached2-Storey

2 Spirea Court, Markham

Total Monthly Obligation $20,788

Beds
6
Baths
7
Park
6
Sqft
5000 +
DOM
4d
Score
14
Yield
2.6%
Cash on Cash
-12.0%
Cap Rate
2.0%
5Y IRR
6.2%
10Y IRR
7.3%
Property Type-Detached
MLS® Number-N14096940
Beds-6
Bathrooms-7
Size-5000 + sqft
Lot Size-145.21 × 150.15 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$22,877.06 (2025)
Parking-9 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Wood
Pool-Inground, Salt
Facing-East
Exterior-Stucco (Plaster)
Roof-Cedar
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Bayview Glen
Title-Residential Freehold

No agent assigned

A harlequin marble rotunda. A curved staircase spiralling three storeys. A foyer that tells you, before you've seen a single room, that this home is different. 2 Spirea Court is a French château-inspired estate on one of Bayview Glen's most coveted cul-de-sacs - 5,500+ sq ft above grade, 8,000+ sq ft total, on a 145 x 100 ft lot wrapped in mature evergreens. 4+2 beds, 7 baths, 3-car garage, circular drive + 8-car parking. The main floor reveals itself with intention: grand office, formal living with coffered ceilings and gas fireplace, oval-dome dining room served by a butler's pantry, chef's kitchen with green island and gold pendants, a sun-drenched oval breakfast room with built-in coffee bar and walkout to the resort-level backyard, and a family room with coffered ceiling, gas fireplace, and custom built-in wall unit. Upstairs: a primary suite centred by a sculptural chandelier, opening onto a private terrace overlooking the backyard oasis, with a spa-level 6-piece ensuite with steam shower, soaker tub, heated floors and a boutique-level custom dressing room born from the 2020 redesign of the original 5-bedroom layout. Three additional bedrooms each with ensuite and walk-in closet complete the upper level. The lower level walks up to the backyard and delivers a grand entertainment space with wood-burning fireplace, wet bar with high-top seating, nanny quarters with full bedroom, ensuite, walk-in closet and kitchen, plus a dedicated gym and steam shower. Outside, a private resort: heated saltwater concrete pool, louvred pergola with TV and fire pit, built-in BBQ, smoker, and poolhouse. Level 2 EV charger, 3-stop elevator, enterprise-grade security. Bayview Glen: Markham's most prestigious address, Toronto's northern doorstep. Steps to Bayview Golf & Country Club, top-ranked schools, Hwys 404/407. A home of this intention, on a street of this distinction, does not come twice.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$3,670,400
Land Transfer Taxes$101,175
Legal Fees (Est.)
$
Total cash required for closing$1,020,275

Total Monthly Obligation

$20,788/mo
Mortgage $18,507
Monthly Loss $15,918
Principal$4,870
Interest$13,637
Property Tax$1,906
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.4%0
5-Year IRR
4.3%9
10-Year IRR
6.1%
Returns Index
5.8/ 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
$119,448/yr
NOI
$80,126/yr
Net Cash Flow
-$11,830/mo
Cash Margin
-118.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
0.5 mo12
Risk Index
10.9/ 100

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

Comparables

Properties near 2 Spirea Court

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