There are currently 13 for rent bungalow listings in Markham, Ontario with an average price of $2,970 CAD.
- Listings:
- 13
- Avg. Price:
- $2,970
Bungalows for Sale in Markham, 13 Listings
Markham Bungalow Market Trends & Statistics
Verified MLS® bungalow pricing, sales velocity, and historical inventory data.
Markham Historical Bungalow Market Breakdown
| Timeframe | Median Sold Price | Bungalows Sold | Avg. Days on Market | Active Inventory |
|---|---|---|---|---|
| 6 Months | $1,200,000 | 157 | 27 days | 91 |
| 1 Year | $1,245,000 | 234 | 29 days | 91 |
| 3 Years | $1,299,400 | 430 | 27 days | 91 |
| 5 Years | $1,299,400 | 430 | 27 days | 91 |
Bungalow Rental Market Dynamics in Markham
The bungalow rental market in Markham currently features 13 verified single-storey lease listings on the MLS®. Offering tenants private fenced yards, multi-car driveways, and expansive single-level living without condo maintenance fees, detached bungalows in Markham provide exceptional comfort and privacy.
Prospective tenants in Markham can choose from traditional detached brick bungalows, raised bungalows with bright above-grade lower levels, and modern bungalofts featuring main-floor primary suites.
Average Prices by Bedroom in Markham
| Bedrooms | Avg. Price | Active Listings |
|---|---|---|
| 1 Bed | $1,442 | 6 |
| 2 Beds | $1,971 | 7 |
| 3 Beds | $2,746 | 14 |
| 4 Beds | $3,671 | 7 |
| 5+ Beds | $5,367 | 6 |
Markham Bungalow Pricing: Entry, Benchmark & Luxury Tiers
Understanding current rental rates in Markham is essential for competitive lease applications. Active MLS® inventory shows entry-level bungalow rentals starting at $1K, while renovated full-home properties and executive bungalows lease for up to $9K. The average bungalow rental in Markham currently commands approximately $3K per month.
Because land value represents the overwhelming majority of a bungalow's total equity in Markham, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.
Secondary Suites, ADUs & Investment Potential in Markham
Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Markham, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Markham can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).
This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Markham exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.
Top Neighborhoods in Markham
Exploring sub-areas within Markham can help buyers compare average prices and active inventory across communities.
| Neighborhood | Avg. Price | Listings |
|---|---|---|
| Royal Orchard | $2,161 | 9 |
| Bullock | $2,291 | 7 |
| Thornhill | $2,940 | 5 |
| Unionville | $3,490 | 5 |
| Grandview | $2,624 | 4 |
| Sherwood-Amberglen | $2,875 | 4 |
| Aileen-Willowbrook | $4,200 | 1 |
| German Mills | $1,200 | 1 |
| Bayview Glen | $4,900 | 1 |
| Devil's Elbow | $4,750 | 1 |
Accessibility, Aging-in-Place & Downsizer Demand in Markham
With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Markham deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Markham represents a secure lifestyle and real estate investment.
Frequently Asked Questions
Everything you need to know about bungalows in Markham.