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New4 days ago

43 Colchester Street

Cornell, Markham

$1,200,000

Detached|2-Storey
3 | 4 | 3
About this home

What if your next home came with a little help paying the mortgage? Welcome to this charming detached home in Cornell, Markham, where comfort, versatility and income potential come together! A welcoming front porch leads into a bright and inviting interior featuring gleaming hardwood floors, a formal living and dining room, and a separate family room with a cozy fireplace. The spacious eat-in kitchen offers plenty of counter and storage space, with a walkout to the backyard deck-perfect for everyday living and entertaining. The main home features three spacious bedrooms and three bathrooms, along with a separate side entrance to the basement, offering exciting possibilities for additional living space or future income potential, subject to applicable approvals. But the real bonus? A self-contained coach house above the detached two-car garage! Complete with its own private entrance, one bedroom, a full bathroom, kitchen and laundry, this fully legal secondary suite is ideal for extended family, an in-law suite or a nanny-or an excellent opportunity to generate rental income. Step outside to enjoy a beautifully designed three-tier deck, interlocking patio, gas BBQ hookup and additional parking. Located in the heart of Cornell, you're close to parks, trails, schools, Markham Stouffville Hospital, Cornell Community Centre and Highway 407. Whether you're looking for a home that adapts to your family's needs or one with the potential to help offset your monthly expenses, this property offers a little something extra. A charming Cornell home with a hardworking bonus. Don't miss it!

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$5,427
Lot Size30.04 ft x 104.99 ft
mls© NumberN14104036
Listed ByRE/MAX PRIME PROPERTIES

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,142
Property tax
$452
Heat allowance
$150
Housing costs
$6,744 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $240,000
25-yr amortization

Income needed

$208,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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