40 Ann Louise Crescent, Markham, ON
Cedarwood, Markham · MLS® N13415286
About this home
Welcome to your dream home in one of the most desirable neighborhoods! This beautifully upgraded detached home offers over 4,600 sq. ft. of living space and sits on a premium, ravine lot. Enjoy a private backyard-perfect for family gatherings, no neighbours on one side, outdoor entertaining, or simply relaxing while taking in serene views of green space, parkland, and tranquil ponds from your expansive deck. The bright, walk-out basement is fully finished, ideal for multi-generational living or potential rental income. This home is thoughtfully equipped with a fully owned furnace and A/C, plus an extended driveway that easily accommodates up to five vehicles. Inside, you will find a recently renovated kitchen, upgraded flooring, pot lights throughout (including outdoor pot lighting), freshly painted rooms, front entrance steps redone, many new upgraded fixtures, soaring 9-foot ceilings on the main level, and a grand 15-foot foyer that makes a stunning first impression. Wide corridors add to the open, luxurious feel of the home. Conveniently located within walking distance to Markham Road and Steeles Avenue, with easy access to public transit and top-rated schools. Enjoy nearby amenities such as Costco, Walmart, Shoppers Drug Mart, multiple plazas, banks, community centers, and a wide variety of amazing multicultural restaurants. Several parks and cricket fields are also just a short walk away. This exceptional property truly checks all the boxes for space, location, and lifestyle. Don't miss out on this rare opportunity!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13415286
- Bedrooms
- 7 (4 + 3)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500
- Lot
- 30.48 × 128.05 ft
- Cross streets
- Markham Road and Denison Street
- Parking
- 2 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Full, Walk-Out, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,249 / 2026
- Days on market
- 39
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
broadloom · 4 pc ensuite · large closet
broadloom · 4 pc ensuite · large closet
broadloom · 4 pc ensuite · walk-in closet(s)
hardwood floor · open concept · combined w/dining
tile floor · stainless steel appl · quartz counter
broadloom · 5 pc ensuite · walk-in closet(s)
Listed at $1,449,900, this home is about 29% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Cedarwood, so I widened the search to the surrounding area.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.78M, a bit lower. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.77M
- Adjusts to $1.77M
That comparable adjusts to $1.77M; the $2.04M estimate above is the median of all 13 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Cedarwood PS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Denison St / Elson St is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.04M, median of 13 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Income potential
- Worth verifying
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 12% below the area average of $507/sqft.
35 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Cedarwood, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Denison St / Elson St, about 144 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Markham.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,159,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,190
- Property tax
- $687
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,877
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,473
- Estimated closing costs
- $25,473
Plus your down payment of $289,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $371,386
- Principal paid down
- $147,716
- Interest paid
- $223,670
- Balance remaining
- $1,012,204
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.