8 PORTIA Street, Markham

Price: $1,588,000

5 bedrooms, 5 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: N13794148

Fully upgraded home!Upgraded Ceiling Heights throughout. 2960 Sq Ft Of Above-Ground Living Space,Features a soaring 20 ft cathedral ceiling in the family room, a gourmet open-concept kitchen equipped with premium stainless steel appliances, 10 ft ceilings on the main floor, 9 ft on the 2nd floor, and 7.5 ft in the basement. Over $100K spent on main floor upgrades, highlighted by a stunning full-wall marble fireplace.Premium Solid Hardwood Flooring Extends Throughout . custom made solid wood room door. Floor heating on master room washroom and 2nd washroom .The finished basement showcases luxury marble flooring, bar with marble counter tops and backsplash, plus a rough-in/secondary kitchen and laundry room (appliances not included). A true masterpiece of craftsmanship and luxury! Great Location:Steps From Cornell Community Centre, Parks, Top-Rated Schools, Markham Stouffville Hospital, Public Transit, Shopping, And Major Highways.

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$1,588,000 - 8 PORTIA Street, Markham

Detached for Sale in Markham

Neighbourhood: Cornell

5Beds
5Baths
2,500 - 2,999Sq Ft
Detached

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Property Details
MLS Number
N13794148
Property Type
Detached
Status
active
Days on Site
21
Bedrooms
5
Bathrooms
5
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Markham
Taxes (2026)
$7,408
Listing Brokerage
AIMHOME REALTY INC.
Description

Fully upgraded home!Upgraded Ceiling Heights throughout. 2960 Sq Ft Of Above-Ground Living Space,Features a soaring 20 ft cathedral ceiling in the family room, a gourmet open-concept kitchen equipped with premium stainless steel appliances, 10 ft ceilings on the main floor, 9 ft on the 2nd floor, and 7.5 ft in the basement. Over $100K spent on main floor upgrades, highlighted by a stunning full-wall marble fireplace.Premium Solid Hardwood Flooring Extends Throughout . custom made solid wood room door. Floor heating on master room washroom and 2nd washroom .The finished basement showcases luxury marble flooring, bar with marble counter tops and backsplash, plus a rough-in/secondary kitchen and laundry room (appliances not included). A true masterpiece of craftsmanship and luxury! Great Location:Steps From Cornell Community Centre, Parks, Top-Rated Schools, Markham Stouffville Hospital, Public Transit, Shopping, And Major Highways.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$7,024.26/mo

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5%20%50%

5-yr fixed avg.

Principal: $1,270,400Interest: $836,878
Mortgage Amount$1,270,400
Total Interest$836,878
Est. Property Tax$1,125/mo
Total Cost$2,107,278

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

8 PORTIA Street, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,950/mo
Range: $3,358 - $4,543
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$1,125
Insurance (est.)-$331
Net Cash Flow+$2,494

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 $635/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 21 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 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 5 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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    8 PORTIA Street, Markham | $1,588,000 | Battaglia Team