49 Colchester Street, Markham, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cornell. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,790,000 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.
- 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 73.74 x 105 ft lot
- 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: Auto Garage Door Remote, Carpet Free, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Corner-lot stunner in Cornell! 2,738 Sq Ft, 4+1 bed, 3 +1 bath detached w/ crown mouldings, bay windows, hardwood floors & shutters throughout main Flr. Primary bedroom features W/I closet & den/office. 4th BR has W/I closet. 2nd flr laundry room. Finished bsmt w/ in-law suite: 5th bed, kitchen, full bath, Rec rm & potential sep entrance - great rental income potential. Double detached garage (2 indoor spots + 3rd outdoor), potential 4th parking pad. 2nd laundry in Bsmt. This one has it all - shows AAA!
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Interior Features
Auto Garage Door Remote, Carpet Free, In-Law Suite, Built-In Oven
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Pricing & Value Insights
Data-driven valuation for 49 Colchester Street, Markham, ON L6B 1K3
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About Purchasing a Home in Markham, ON
For a property listed at $1,790,000 in Markham, the legal minimum down payment is $358,000 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 $32,275 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 $32,275.
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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.