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Listed 2 months ago

16 Peony Street

Cornell, Markham

$1,438,000

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

Welcome to a truly rare opportunity in the heart of Cornell, an original-owner home designed for multigenerational living, and one of the few with a coveted custom 2-bedroom coach house. The detached coach house is currently rented for $1,800/month with a AAA tenant in place, offering the flexibility for a buyer to assume the existing lease for immediate income & additional mortgage qualification or take vacant possession. Main house 2,579 square feet above ground level + 750 square foot coach house above garage. Over 4,000 square feet of livable space including basement. This beautifully maintained 4-bedroom, 3-bathroom home offers an exceptional layout with space, privacy, and flexibility for extended families. Featuring a bright and spacious open-concept layout, generously sized rooms, large windows filling the space with natural light, and a thoughtfully designed floor plan perfect for both everyday living and entertaining. A standout feature is the newly built and oversized 2-bedroom coach house (~750 square feet), ideal for aging parents, adult children, or as a separate rental suite. Homes with this level of versatility and garage space are rarely available. Perfectly located just minutes by bike from top-rated schools (Rouge Park PS 8.2, Bill Hogarth SS 8.4, St. Joseph Catholic PS 8.0) and close to Cornell Community Centre, Markham Stouffville Hospital, parks, shopping, GO/Viva transit, and more.

Extras

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age16-30
Size3000-3500 sq. ft.
Property Tax$7,199
Lot Size35.57 ft x 105.46 ft
mls© NumberN13467216
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%
$7,360
Property tax
$600
Heat allowance
$150
Housing costs
$8,110 / mo

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

Down payment20% · $287,600
25-yr amortization

Income needed

$250,000

gross annual household income

Payment at 4%
$6,051 / mo
Cash down
$287,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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