16 Lappe Avenue, Markham, ON

$999,900
MLS#:N11948807
3 beds
3 baths
2.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of Cornell. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 3 Bathrooms
  • Premium 19.69 x 107.09 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Exceptionally upgraded townhome located in the highly desirable Cornell community, offering a functional and thoughtfully designed layout. This property features a modern kitchen with sleek cabinetry, quartz countertops throughout, pot lights and hardwood flooring on the main & 2nd level. The open-concept living and dining area provides an ideal space for entertaining, complete with a pantry and a walkout to a private patio. The finished basement is appointed with durable laminate flooring, creating a warm and inviting ambiance. The spacious primary bedroom boasts a walk-in closet and semi-ensuite for added comfort. The detached garage with a parking pad adds valuable convenience. Situated in the sought-after Cornell neighborhood, this home offers unparalleled proximity to top-rated schools, parks, splash pads, public transit, hospitals, and shopping. Experience modern living at its finest with everything you need just moments away! Recent updates include a new roof (2021) and all new exterior doors and windows (2023), ensuring a move-in-ready experience. **EXTRAS** Fridge, Stove, Dishwasher, Washer & Dryer

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Property Summary

This townhouse located at 16 Lappe Avenue, Markham is currently for sale and has been available on SousaSells for 528 days. This property is listed at $999,900 with an estimated mortgage of $3,328* per month. It has 3 beds, 3 bathrooms, and is unknown square feet. 16 Lappe Avenue, Markham is in the Cornell neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 22, 2025
Sold price information is available to members only
Listed Date1/31/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size19.69 × 107.09 Feet
CountyYork
Annual Tax$3,633.67
Legal DescriptionPLAN 65M3767 PT BLK 327 RP 65R27993 PARTS 3 AND 4

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Hospital, Library, Public Transit, Rec./Commun.Centre, School

Interior Features

None

Security Features

Community Features

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Location

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16 Lappe Avenue, Markham, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 16 Lappe Avenue, Markham, ON L6B 1L3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Markham.

Configure Loan Settings

Interest Rate4.00%
Down Payment$299,970 (30.0%)
* Minimum Canadian down payment required for this price is $74,990.
Amortization Period30 Years
Estimated Monthly Payment$3,328Based on a loan of $699,930 over 30 years.
Purchase Price$999,900
Loan Amount$699,930
Provincial Land Transfer Tax:$16,473
Total Estimated Closing Taxes:$16,473

About Purchasing a Home in Markham, ON

For a property listed at $999,900 in Markham, the legal minimum down payment is $74,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,473 for this transaction. As this listing is in Markham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cornell, Markham.

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,077,744

People & Families

Age Distribution

Household Composition

One-person households
16%
Families with children
54%
Couples without children
25%
Other households
5%

Top Ethnic Origins

Chinese45%
South Asian18%
Canadian6%
English5%

Local Schools Guide

Elementary Schools

Cornell Village
Public186 Country Glen Road, Markham, Ontario, L6B 1B5
7.2
Rouge Park
Public568 Riverlands Avenue, Markham, Ontario, L6B 1A6
8.2
St Joseph
Public388 White's Hill Avenue, Markham, Ontario, L6B 0J3
7.6
Reesor Park
Public69 Wootten Way North, Markham, Ontario, L3P 2Y5
7.0
Donald Cousens
PublicDonald Cousens Parkway, Markham, Ontario, L6B 1A6
8.9

Secondary Schools

Bill Hogarth
Public100 Donald Sim Avenue, Markham, Ontario, L6B 0R4
8.3
Markham
Public89 Church Street, Markham, Ontario, L3P 2M3
8.3
St. Brother André
Catholic6160 16th Avenue, Markham, Ontario, L3P 3K8
7.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied83%
Rented17%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.