$888,000 - 55 Mikayla Lane, Markham
Townhouse for Sale in Markham
New — Listed 7 days agoNeighbourhood: Cornell
- MLS Number
- N13506302
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 7
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
2024 Built Freehold Luxury 4 Bdrm Townhome In Highly Desirable Cornell, Markham! Functional Floorplan (Approx.1620 Sqft) w/Lots of Natural Sunlight, 9' Ceiling, hardwood flooring on 2nd Fl and 2 Good Size Balconies. Modern Kitchen w/SS Appliances, Quartz Countertop, Stylish Backsplash & Centre Island w/Breakfast Bar. The Bright And Inviting Living And Dining Areas Are Perfect For Both Everyday Living And Entertaining. Primary Bedroom w/ A Spa-Inspired Ensuite Bath and a Walk Out Balcony. Two Additional Bedrooms And A Full Bathroom Provide Ample Space For Family And Guests. Direct Access to Garage. Close to 407/ Community Center/Supermarket/Shops/Restaurants/Markham Stouffville Hospital & Cornell Bus terminal. Great Opportunity for Self Use or Investment.
Estimate your monthly payments for this property
Estimated Payment
$4,555.90/mo
Includes CMHC insurance ($24,775)
5-yr fixed avg.
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.
Discover Cornell
Cornell 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 Cornell
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Cornell 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.
55 Mikayla Lane, Markham
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $592/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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Markham have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.
About Cornell
I know Cornell 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.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,700 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.