264 Gas Lamp Lane, Markham, ON

$1,195,000
MLS#:N9344909
3 beds
4 baths
1500-2000 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Cornell. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,195,000 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 4 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 23.79 x 107.9 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Bright Spacious Open-Concept Semi-Detached Home In Desirable Cornell Markham! Top Rated Schools Black Walnut P.S., St Joseph C.S. and Bill Hogarth S.S.!!! Approximately 1724 Sf, 2nd Bedroom Has W/O To Balcony. Private Child-Safe Backyard Has New Interlocking. 3 Car Parking. Minutes To Mount Joy Go Station, Hwy 407, Parks, Schools, Groceries, Hospital, Community Ctr, Library, Public Transit, Cornell Bus Terminal & More! Thousand $$$ Spent On Upgrades!! Beautifully Renovated Kitchen (2024) Freshly Painted (2024); Washroom renovation(2024); new lighting (2024); New Backyard Landscaping (2024); New washer( 2023), New Dishwasher( 2023); New heat pump(2024); New roof (2021);New Renovated Basement( 2018);

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Property Summary

This detached home located at 264 Gas Lamp Lane, Markham is currently for sale and has been available on SousaSells for 671 days. This property is listed at $1,195,000 with an estimated mortgage of $3,978* per month. It has 3 beds, 4 bathrooms, and is 1500-2000 square feet. 264 Gas Lamp Lane, 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
4
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 3, 2024
Sold price information is available to members only
Listed Date9/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementFinished
Lot Size23.79 × 107.9 Feet
CountyYork
Annual Tax$3,905.42
Legal DescriptionPl Lt 219, 65M3767, Pts 15 & 16

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

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

Interior Features

Carpet Free

Security Features

Community Features

Location

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264 Gas Lamp Lane, 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 264 Gas Lamp Lane, Markham, ON L6B 1L7

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.

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Interest Rate4.00%
Down Payment$358,500 (30.0%)
* Minimum Canadian down payment required for this price is $239,000.
Amortization Period30 Years
Estimated Monthly Payment$3,978Based on a loan of $836,500 over 30 years.
Purchase Price$1,195,000
Loan Amount$836,500
Provincial Land Transfer Tax:$20,375
Total Estimated Closing Taxes:$20,375

About Purchasing a Home in Markham, ON

For a property listed at $1,195,000 in Markham, the legal minimum down payment is $239,000 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 $20,375 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 $20,375.

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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$1,077,015

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.