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There are currently 7 for rent bungalow listings in Thornhill, Markham, Ontario with an average price of $3,150 CAD.

Listings:
7
Avg. Price:
$3,150
Map View
93 CLARK Avenue Basement unit, Markham, ON L3T 1S7 - Property 1
FOR LEASE
$890/mo
93 Clark Avenue Basement Unit, Markham
1 bed • 1 bath • 1 parking
100 Grandview Avenue Bsmt, Markham, ON L3T 1H6 - Property 1
FOR LEASE
$2,200/mo
100 Grandview Avenue Bsmt, Markham
2 bed • 1 bath • 1 parking
141 Henderson Avenue BSMT, Markham, ON L3T 2L6 - Property 1
FOR LEASE
$950/mo
141 Henderson Avenue Bsmt, Markham
1 bed • 1 bath • 1 parking
141 Henderson Avenue 2nd Bedroom, Markham, ON L3T 2L6 - Property 1
FOR LEASE
$900/mo
141 Henderson Avenue 2nd Bedroom, Markham
1 bed • 1 bath • 1 parking
34 Clark Avenue Basement, Markham, ON L3T 1S5 - Property 1
FOR LEASE
$2,150/mo
34 Clark Avenue Basement, Markham
3 bed • 1 bath • 2 parking
135 Elgin Street, Markham, ON L3T 1W7 - Property 1
FOR LEASE
$6,500/mo
135 Elgin Street, Markham
6 bed • 4 bath • 12 parking
35 Royal Orchard BSMT Unit Boulevard Apartment, Markham, ON L3T 3C4 - Property 1
FOR LEASE
$1,750/mo
35 Royal Orchard Bsmt Unit Boulevard Apartment, Markham
1 bed • 1 bath • 1 parking

Thornhill, Markham Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(120% SNR)
Median Sold (6M)
$1,331,500
-37.4% YoY
Avg. Days on Market
45 Days
6-month closed average
Sold (6M) / Active
6 / 5
Closed vs active inventory
6M / 2Y Price Change
-5.4% (6M)
2Y trend: -34.3%
Nov 26: Median $1,051,000 • 0 sold • 28 DOMHover or tap points to inspect monthly data
$730k$1.42M$2.12M$2.81M$3.50MDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Thornhill, Markham Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$1,331,500645 days5
1 Year$1,331,5001063 days5
3 Years$1,331,5001464 days5
5 Years$1,331,5001464 days5

Bungalow Rental Market Dynamics in Thornhill, Markham

The bungalow rental market in Thornhill, Markham currently features 7 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 Thornhill, Markham provide exceptional comfort and privacy.

Prospective tenants in Thornhill, 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 Thornhill, Markham

BedroomsAvg. PriceActive Listings
1 Bed$1,7501
2 Beds$2,2001
3 Beds$2,1501
5+ Beds$6,5001

Thornhill, Markham Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Understanding current rental rates in Thornhill, Markham is essential for competitive lease applications. Active MLS® inventory shows entry-level bungalow rentals starting at $2K, while renovated full-home properties and executive bungalows lease for up to $7K. The average bungalow rental in Thornhill, Markham currently commands approximately $3K per month.

Because land value represents the overwhelming majority of a bungalow's total equity in Thornhill, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in Thornhill, Markham

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Thornhill, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Thornhill, 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 Thornhill, 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 Thornhill, Markham

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Thornhill, 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 Thornhill, Markham represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Thornhill, Markham.

The average monthly lease price for a bungalow in Thornhill is currently $3K, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.