38 Coleluke Lane, Markham

Price: $994,900

5 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Semi-Detached

MLS#: N13629254

Welcome To 38 Coleluke Lane, An Impeccably Maintained Carpet-Free Semi-Detached Home Located In One Of Markham's Most Desirable Family-Friendly Communities. This Bright And Spacious Home Offers An Exceptional Layout Designed For Modern Living, Featuring A Versatile Second-Floor Family Room That Can Easily Be Converted Into A 4th Bedroom. The Contemporary Kitchen Is Equipped With Stainless Steel Appliances And Overlooks The Inviting Living And Dining Areas, Making It Ideal For Everyday Living And Entertaining. Retreat To The Generous Primary Bedroom Featuring A Walk-In Closet And A Private Ensuite Bathroom. Step Outside To A Fully Fenced Backyard Complete With A Large Deck-Perfect For Summer BBQs, Entertaining Guests, Or Simply Unwinding. Additional Upgrades Include A Water Purification System For Added Comfort And Convenience. Situated In An Unbeatable Location, Just Minutes To Top-Rated Schools, Parks, Costco, Shopping, Restaurants, TTC And YRT Transit, And Major Highways, This Home Offers The Perfect Blend Of Comfort, Style, And Convenience. A Fantastic Opportunity To Own A Move-In-Ready Home In One Of Markham's Most Sought-After Neighbourhoods.The Property Also Includes A Basement Apartment Currently Occupied By A Long-Term, Excellent Tenant Who Has Been Residing There Since 2021. The Tenant Is Willing To Remain, Providing An Attractive Opportunity For Buyers Seeking Rental Income, Or Is Willing To Vacate Should The New Owner Prefer.

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New Listing
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$994,900 - 38 Coleluke Lane, Markham

Semi-Detached for Sale in Markham

New — Listed 2 days ago

Neighbourhood: Middlefield

5Beds
4Baths
1,500 - 1,999Sq Ft
Semi-Detached
Property Details
MLS Number
N13629254
Property Type
Semi-Detached
Status
active
Days on Site
2
Bedrooms
5
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Markham
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Description

Welcome To 38 Coleluke Lane, An Impeccably Maintained Carpet-Free Semi-Detached Home Located In One Of Markham's Most Desirable Family-Friendly Communities. This Bright And Spacious Home Offers An Exceptional Layout Designed For Modern Living, Featuring A Versatile Second-Floor Family Room That Can Easily Be Converted Into A 4th Bedroom. The Contemporary Kitchen Is Equipped With Stainless Steel Appliances And Overlooks The Inviting Living And Dining Areas, Making It Ideal For Everyday Living And Entertaining. Retreat To The Generous Primary Bedroom Featuring A Walk-In Closet And A Private Ensuite Bathroom. Step Outside To A Fully Fenced Backyard Complete With A Large Deck-Perfect For Summer BBQs, Entertaining Guests, Or Simply Unwinding. Additional Upgrades Include A Water Purification System For Added Comfort And Convenience. Situated In An Unbeatable Location, Just Minutes To Top-Rated Schools, Parks, Costco, Shopping, Restaurants, TTC And YRT Transit, And Major Highways, This Home Offers The Perfect Blend Of Comfort, Style, And Convenience. A Fantastic Opportunity To Own A Move-In-Ready Home In One Of Markham's Most Sought-After Neighbourhoods.The Property Also Includes A Basement Apartment Currently Occupied By A Long-Term, Excellent Tenant Who Has Been Residing There Since 2021. The Tenant Is Willing To Remain, Providing An Attractive Opportunity For Buyers Seeking Rental Income, Or Is Willing To Vacate Should The New Owner Prefer.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,104.35/mo

Includes CMHC insurance ($27,758)

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5-yr fixed avg.

Principal: $895,410Interest: $608,138
Mortgage Amount$923,168
Total Interest$608,138
Est. Property Tax$705/mo
Total Cost$1,531,306

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Middlefield

Discover Middlefield

Middlefield is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Middlefield

  • Convenient location in Markham
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Middlefield offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

38 Coleluke Lane, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$705
Insurance (est.)-$207
Net Cash Flow+$2,688

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $663/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Markham are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Markham.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About Middlefield

I know Middlefield well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    38 Coleluke Lane, Markham | $994,900 | Battaglia Team