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Listed 8 days ago

16 Peony Street

Cornell, Markham

$1,399,000

Detached|2-Storey
6 | 4 | 4
About this home

Two residences on one property, each separately metered, plus a finished basement offering potential for a third living space. The basement already includes a full bathroom, and the existing layout provides a practical, more cost-effective opportunity to create a dedicated separate entrance and potentially add a kitchen for an enclosed lower-level suite. Discover one of Cornell's most versatile properties-an exceptional multigenerational home offering over 4,000 sq. ft. of total livable space, including the finished basement, plus a separate custom-built 2-bedroom coach house above the detached garage. The main residence offers approximately 2,579 sq. ft. above grade with 4 spacious bedrooms, 3 bathrooms, generous principal rooms, hardwood floors, abundant natural light, and a bright, functional layout designed for both family living and entertaining. The standout feature is the approximately 750 sq. ft. detached 2-bedroom coach house-a rare and highly desirable addition offering exceptional flexibility for extended family, aging parents, adult children, a private home office, or rental income. It is currently leased to an excellent tenant for $1,800/month ($21,600 annually), with flexibility for the purchaser to assume the tenancy or obtain vacant possession in accordance with the terms of the sale and applicable requirements. Ideally located in sought-after Cornell, close to schools, Cornell Community Centre, Markham Stouffville Hospital, York University Markham Campus, parks, shopping, and GO/VIVA transit.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age16-30
Size3000-3500 sq. ft.
Property Tax$7,199
Lot Size35.57 ft x 105.46 ft
mls© NumberN13707046
Listed ByCENTURY 21 ATRIA REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,161
Property tax
$600
Heat allowance
$150
Housing costs
$7,911 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $279,800
25-yr amortization

Income needed

$243,000

gross annual household income

Payment at 4%
$5,887 / mo
Cash down
$279,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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