81 Pearl Lake Road, Markham

Price: $1,298,000

5 bedrooms, 5 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: N14109556

Welcome to 81 Pearl Lake Rd, Newly Renovated Luxury 4 +1 Bedrooms Double Garage Detach Home In The Highly Sought-After Cornell Community. Offering Approximately 2,915 sq. ft. Of Above-grade Living Space Plus An Additional 1,308 sq. ft. Of Professionally Finished Basement, This Spacious Home Combines Elegance, Comfort, And Functionality. 2 Car Detached Garage Pus 1 Carpark outdoor. Featuring a Grand Double-door Entrance And Covered Front Porch, A Stunning 20-ft Cathedral Ceiling In The Family Room, 9 Ft Ceilings On Main Floor ,Pot Lights & Hardwood Floor Throughout Main & 2nd Floor, Modernized Kitchen With High-End Stainless Steel Appliances (Fridge not included in Main Floor). The Expansive Primary Bedroom Features a Large Walk-in Closet, a Luxurious 5-Piece Ensuite With a Glass-enclosed Shower, A Private Retreat Area, And a Cathedral Ceiling. The Bright Second Bedroom Boasts Its Own 4-Piece Ensuite With Large Windows & Closet. The Professionally Finished Basement Offers Additional Living Space, Including One Spacious Bedroom, A Kitchen, A Full Bathroom, And High-end Vinyl Flooring Throughout, Along With a Secondary Kitchen And Laundry area (Washer and dryer are excluded). Great Location: Steps To School, Cornell Community Centre, Parks, Top-Rated Schools, Markham Stouffville Hospital, Public Transit, Shopping, And Major Highways. Must See!

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active
New Listing

$1,298,000 - 81 Pearl Lake Road, Markham

Detached for Sale in Markham

New — Listed today

Neighbourhood: Cornell

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

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Property Details
MLS Number
N14109556
Property Type
Detached
Status
active
Days on Site
0
Bedrooms
5
Bathrooms
5
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Markham
Taxes (2026)
$7,273
Listing Brokerage
FIRST CLASS REALTY INC.
Description

Welcome to 81 Pearl Lake Rd, Newly Renovated Luxury 4 +1 Bedrooms Double Garage Detach Home In The Highly Sought-After Cornell Community. Offering Approximately 2,915 sq. ft. Of Above-grade Living Space Plus An Additional 1,308 sq. ft. Of Professionally Finished Basement, This Spacious Home Combines Elegance, Comfort, And Functionality. 2 Car Detached Garage Pus 1 Carpark outdoor. Featuring a Grand Double-door Entrance And Covered Front Porch, A Stunning 20-ft Cathedral Ceiling In The Family Room, 9 Ft Ceilings On Main Floor ,Pot Lights & Hardwood Floor Throughout Main & 2nd Floor, Modernized Kitchen With High-End Stainless Steel Appliances (Fridge not included in Main Floor). The Expansive Primary Bedroom Features a Large Walk-in Closet, a Luxurious 5-Piece Ensuite With a Glass-enclosed Shower, A Private Retreat Area, And a Cathedral Ceiling. The Bright Second Bedroom Boasts Its Own 4-Piece Ensuite With Large Windows & Closet. The Professionally Finished Basement Offers Additional Living Space, Including One Spacious Bedroom, A Kitchen, A Full Bathroom, And High-end Vinyl Flooring Throughout, Along With a Secondary Kitchen And Laundry area (Washer and dryer are excluded). Great Location: Steps To School, Cornell Community Centre, Parks, Top-Rated Schools, Markham Stouffville Hospital, Public Transit, Shopping, And Major Highways. Must See!

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Estimate your monthly payments for this property

Estimated Payment

$5,741.49/mo

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5-yr fixed avg.

Principal: $1,038,400Interest: $684,048
Mortgage Amount$1,038,400
Total Interest$684,048
Est. Property Tax$919/mo
Total Cost$1,722,448

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

81 Pearl Lake Road, 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)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$919
Insurance (est.)-$270
Net Cash Flow+$2,761

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 $519/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 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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    81 Pearl Lake Road, Markham | $1,298,000 | Battaglia Team