$789,000
11 BACKUS COURT
Beds
—
Baths
—
Sqft
—
Year
—
Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Markham (Raymerville). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Don't miss this rare opportunity to develop a prime 73' x 67' lot in the City of Markham community of Old Markham Village / Raymerville. Perfect location for all builders, developers and end users too! This is an exceptional investment opportunity. This vacant lot offers the potential for future detached 2 storey homes - concept drawings are available or 2+ storey Triplex utilizing maximum height allowance, buyer due diligence is required for planned development. Further opportunity potential to apply to the City of Markham for approval to sever the property. Conveniently located within walking distance to highly popular Markham Main Street, where you can enjoy quaint shops, numerous restaurants and community events and celebrations. Walking distance to GO Train offers commuters easy access to Downtown. It is essential that buyers conduct their own due diligence regarding future development and services of the property. Now is the time to secure your investment in the thriving City of Markham and this prime location, a rare opportunity for the savvy investor in Prestigious Old Markham Village / Raymerville Community. Just Minutes to All Amenities and Go Transit!! (id:65958)
- Subtype
- Vacant Land
- Community
- Raymerville
- Lot dimensions
- 73.14 x 67.01 FT
- On market
- Mar 25, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $0
- Zoning
- RSD3
- Photos
- 9
- MLS#
- N12918064
- Area
- MARKHAM_(RAYMERVILLE)
Features and systems
Lot
Utilities
Cash on cash
-6.64%
Cap rate
3.54%
GRM
16.6
Break-even rent
$4,870
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.