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Cornell, Markham
$1,195,000
Live, Work & Invest in the Heart of Markham's Sought-After Cornell Community! An exceptional opportunity offering unmatched versatility, income potential, and flexibility! This freehold live-work townhouse on Bur Oak Avenue is currently configured as two separate units, presenting endless possibilities. Rent out both units for dual rental income, live in one while renting out the other, or explore the opportunity to operate your business right from home!The tastefully renovated upper-level residence features 3 spacious bedrooms and 2 full bathrooms, an open-concept kitchen with centre island, and a bright living area leading to a spacious walk-out deck. The third-floor primary retreat offers a walk-in closet, private balcony, and 4-piece ensuite.The ground level boasts impressive 10-foot ceilings, wall-to-wall windows, and a flexible layout, currently configured as a bright 1-bedroom, 1-bathroom unit complete with a full kitchen. With potential for conversion to commercial space, the possibilities are endless! Each unit enjoys its own separate laundry, offering added convenience and independence. Complete with a double-car garage with direct ground-floor access and additional driveway parking.Proudly cared for by the same owners for the past 20 years, this property is ideally situated just steps from Cornell Community Park, Bill Hogarth Secondary School, Cornell Community Centre & Library, Markham Stouffville Hospital, shopping, and convenient access to Highways 7 and 407.Whether you're an investor, homeowner, or entrepreneur, this rare property offers the freedom to make it your own. Live in it, lease it, work from it, or do all three! A truly unique opportunity in one of York Region's most desirable communities.
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| Type | Att/Row/Townhouse |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $5,066 |
| Lot Size | 28.31 ft x 80.05 ft |
| mls© Number | N14080848 |
| Listed By | REVEL 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%
- $6,117
- Property tax
- $422
- Heat allowance
- $150
- Housing costs
- $6,689 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$206,000
gross annual household income
- Payment at 4%
- $5,029 / mo
- Cash down
- $239,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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