49 Colchester Street
Cornell, Markham
$1,480,000
Beautifully maintained detached Home On A Premium Corner Lot In Cornell. Hardwood Floors Throughout main level, Laminate floors on 2nd and basement, main level kitchen has pantry and walk out to yard. 4 Bedrooms plus 1 bedroom in the basement & 4 Baths In Total, 2nd kitchen in basement. Finished Basement Provides Great Extra Living & Entertainment Space or use it as an In-Law suite. Low-Maintenance Backyard Ideal For Outdoor Gathering & Extra Privacy. Detached double car garage. Steps To Top-Rated Schools & Parks and Cornell community centre and library. A True Gem Move In & Enjoy! 2,738 SF above grade. Air Conditioner is owned. Rough in laundry on 2nd floor. 200 amps Electric Panel,
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $7,049 |
| Lot Size | 73.74 ft x 105 ft |
| mls© Number | N13803808 |
| Listed By | RE/MAX PROFESSIONALS 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%
- $7,575
- Property tax
- $587
- Heat allowance
- $150
- Housing costs
- $8,313 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$256,000
gross annual household income
- Payment at 4%
- $6,228 / mo
- Cash down
- $296,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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