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New3 days ago

81 Pearl Lake Road

Cornell, Markham

$1,298,000

Detached|2-Storey
4 | 5 | 4
About this home

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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TypeDetached
Style2-Storey
Approx. Age6-15
Size2500-3000 sq. ft.
Property Tax$7,273
Lot Size36.12 ft x 82.1 ft
mls© NumberN14109556
Listed ByFIRST CLASS REALTY INC.

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%
$6,644
Property tax
$606
Heat allowance
$150
Housing costs
$7,400 / mo

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

Down payment20% · $259,600
25-yr amortization

Income needed

$228,000

gross annual household income

Payment at 4%
$5,462 / mo
Cash down
$259,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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