There is currently 1 for rent bungalow listing in Devil's Elbow, Markham, Ontario with an average price of $4,750 CAD.
- Listings:
- 1
- Avg. Price:
- $4,750
Bungalows for Rent in Devil's Elbow, Markham, 1 Listings
Devil's Elbow, Markham Bungalow Market Trends & Statistics
Verified MLS® bungalow pricing, sales velocity, and historical inventory data.
Devil's Elbow, Markham Historical Bungalow Market Breakdown
| Timeframe | Median Sold Price | Bungalows Sold | Avg. Days on Market | Active Inventory |
|---|---|---|---|---|
| 6 Months | $2,760,000 | 2 | 101 days | 0 |
| 1 Year | $3,020,000 | 3 | 69 days | 0 |
| 3 Years | $2,949,000 | 6 | 70 days | 0 |
| 5 Years | $2,949,000 | 6 | 70 days | 0 |
Bungalow Rental Market Dynamics in Devil's Elbow, Markham
The bungalow rental market in Devil's Elbow, Markham currently features 1 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 Devil's Elbow, Markham provide exceptional comfort and privacy.
Prospective tenants in Devil's Elbow, 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 Devil's Elbow, Markham
| Bedrooms | Avg. Price | Active Listings |
|---|---|---|
| 4 Beds | $4,750 | 1 |
Devil's Elbow, Markham Bungalow Pricing: Entry, Benchmark & Luxury Tiers
Understanding current rental rates in Devil's Elbow, Markham is essential for competitive lease applications. Active MLS® inventory shows entry-level bungalow rentals starting at $5K, while renovated full-home properties and executive bungalows lease for up to $5K. The average bungalow rental in Devil's Elbow, Markham currently commands approximately $5K per month.
Because land value represents the overwhelming majority of a bungalow's total equity in Devil's Elbow, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.
Secondary Suites, ADUs & Investment Potential in Devil's Elbow, Markham
Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Devil's Elbow, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Devil's Elbow, 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 Devil's Elbow, Markham exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.
Accessibility, Aging-in-Place & Downsizer Demand in Devil's Elbow, Markham
With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Devil's Elbow, 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 Devil's Elbow, Markham represents a secure lifestyle and real estate investment.
Frequently Asked Questions
Everything you need to know about bungalows in Devil's Elbow, Markham.