76 Riverlands Avenue, Markham

Price: $1,429,000

7 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: N13645754

CORNER-LOT 2 STOREY DETACHED HOME WITH DETACHED DOUBLE GARAGE IN CORNELL! This spacious and elegant detached home offers 4 bedrooms, 4 bathrooms, and over 3,000 sq. ft. of finished living space. Featuring an updated kitchen and updated bathrooms, this home combines style, comfort, and functionality for today's modern family. The bright and well-designed main floor offers generous living and dining areas, a comfortable family room, a beautifully updated kitchen, and a welcoming breakfast area. Upstairs features four spacious bedrooms, including a primary retreat with excellent closet space and a private ensuite.The finished basement provides three additional bedrooms, a full bathroom, and versatile living space ideal for extended family, guests, recreation, or a home office. Enjoy the exceptional convenience of a rare 2-car detached garage, private outdoor space, and a desirable corner-lot setting. Located in a highly sought-after Cornell community, just minutes from Markham Stouffville Hospital, Cornell Community Centre & Library, Cornell Bus Terminal, Mount Joy and Markham GO stations, top-rated schools, parks, shopping, and transit. A rare opportunity to own a spacious, move-in-ready home in one of Markham's most desirable neighbourhoods!

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$1,429,000 - 76 Riverlands Avenue, Markham

Detached for Sale in Markham

Neighbourhood: Cornell

7Beds
4Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
N13645754
Property Type
Detached
Status
active
Days on Site
17
Bedrooms
7
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Markham
Listing Brokerage
HOMELIFE SUPERSTARS REAL ESTATE LIMITED
Description

CORNER-LOT 2 STOREY DETACHED HOME WITH DETACHED DOUBLE GARAGE IN CORNELL! This spacious and elegant detached home offers 4 bedrooms, 4 bathrooms, and over 3,000 sq. ft. of finished living space. Featuring an updated kitchen and updated bathrooms, this home combines style, comfort, and functionality for today's modern family. The bright and well-designed main floor offers generous living and dining areas, a comfortable family room, a beautifully updated kitchen, and a welcoming breakfast area. Upstairs features four spacious bedrooms, including a primary retreat with excellent closet space and a private ensuite.The finished basement provides three additional bedrooms, a full bathroom, and versatile living space ideal for extended family, guests, recreation, or a home office. Enjoy the exceptional convenience of a rare 2-car detached garage, private outdoor space, and a desirable corner-lot setting. Located in a highly sought-after Cornell community, just minutes from Markham Stouffville Hospital, Cornell Community Centre & Library, Cornell Bus Terminal, Mount Joy and Markham GO stations, top-rated schools, parks, shopping, and transit. A rare opportunity to own a spacious, move-in-ready home in one of Markham's most desirable neighbourhoods!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,320.95/mo

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5-yr fixed avg.

Principal: $1,143,200Interest: $753,085
Mortgage Amount$1,143,200
Total Interest$753,085
Est. Property Tax$1,012/mo
Total Cost$1,896,285

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: Cornell

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

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

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.

70
Walk Score
Varies
Price Range

76 Riverlands Avenue, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,500/mo
Range: $3,825 - $5,175
Cap Rate (ROI)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,500
Maintenance Fees-$0
Property Tax (est.)-$1,012
Insurance (est.)-$298
Net Cash Flow+$3,190

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 $715/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.

Market Position

At 17 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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 7 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 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.

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    76 Riverlands Avenue, Markham | $1,429,000 | Battaglia Team