$1,200,000
Markham
Times shown are local to the property.
43 Colchester Street, Markham (Cornell), Ontario, L6B1K4
This 4-bedroom, 4-bathroom home in Markham is for sale offering roughly 1,750 sq ft of space. It has been on the market 14 days, fresher than the Markham average of 49 days.
What if your next home came with a little help paying the mortgage? Welcome to this charming detached home in Cornell, Markham, where comfort, versatility and income potential come together! A welcoming front porch leads into a bright and inviting interior featuring gleaming hardwood floors, a formal living and dining room, and a separate family room with a cozy fireplace. The spacious eat-in kitchen offers plenty of counter and storage space, with a walkout to the backyard deck-perfect for everyday living and entertaining. The main home features three spacious bedrooms and three bathrooms, along with a separate side entrance to the basement, offering exciting possibilities for additional living space or future income potential, subject to applicable approvals. But the real bonus? A self-contained coach house above the detached two-car garage! Complete with its own private entrance, one bedroom, a full bathroom, kitchen and laundry, this fully legal secondary suite is ideal for extended family, an in-law suite or a nanny-or an excellent opportunity to generate rental income. Step outside to enjoy a beautifully designed three-tier deck, interlocking patio, gas BBQ hookup and additional parking. Located in the heart of Cornell, you're close to parks, trails, schools, Markham Stouffville Hospital, Cornell Community Centre and Highway 407. Whether you're looking for a home that adapts to your family's needs or one with the potential to help offset your monthly expenses, this property offers a little something extra. A charming Cornell home with a hardworking bonus. Don't miss it! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 14 days on market, against an average age of 49 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 4-bed single family in Markham (Cornell) has been listed for 14 days, which is 35 days fresher than the city average of 49. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,200,000, about 9.9× the local median household income of $121,000.
Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.
Source: Statistics Canada, 2021 Census (FSA L6B)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.