248 Walkerville Road, Markham, ON

Cornell, Markham · MLS® N13509418

$970,000
For Sale
Listed 110 days agoNo offer date statedSitting longer than typical
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3Bedrooms
3Bathrooms
1Garage · 3 parking
1500-2000Sq ft

About this home

In short

  • Welcome to 248 Walkerville Road, an exceptional opportunity to own a freehold townhome in the highly desirable Cornell community.
  • Featuring a bright, open-concept layout, this home offers comfortable everyday living with the opportunity to personalize and update it to reflect your own style and...
  • The finished basement provides valuable additional living space, making it ideal for a family room, recreation area, home office, playroom, or workout space.
  • Outside, enjoy a private backyard and the convenience of a freehold home with no monthly maintenance fees.
  • Located in one of Markham's most sought-after neighbourhoods, you'll be just steps from parks, schools, walking trails, transit, Markham Stouffville Hospital...

Welcome to 248 Walkerville Road, an exceptional opportunity to own a freehold townhome in the highly desirable Cornell community. Featuring a bright, open-concept layout, this home offers comfortable everyday living with the opportunity to personalize and update it to reflect your own style and vision. The main floor seamlessly connects the kitchen, living, and dining areas, creating a functional space that's perfect for family life and entertaining. Large windows provide plenty of natural light, while the practical floor plan makes the most of every square foot. Upstairs, you'll find comfortable bedrooms ideal for families, first-time buyers, or those looking to downsize without compromising on location. The finished basement provides valuable additional living space, making it ideal for a family room, recreation area, home office, playroom, or workout space. Outside, enjoy a private backyard and the convenience of a freehold home with no monthly maintenance fees. Located in one of Markham's most sought-after neighbourhoods, you'll be just steps from parks, schools, walking trails, transit, Markham Stouffville Hospital, community centres, shopping, restaurants, and Highway 407. Whether you're looking for your first home or a property with the opportunity to add value over time.

Key facts

Property type
Townhouse, 2-Storey
MLS®
N13509418
Bedrooms
3
Bathrooms
3 (1 half)
Size
1500-2000 sq ft
Lot
25.46 × 113.19 ft
Cross streets
Ninth Line and White's Hill
Parking
1 garage · 3 parking (detached)
Driveway
Available
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$4,664 / 2025
Days on market
110
Listing brokerage
COLDWELL BANKER THE REAL ESTATE CENTRE

Rooms

Living RoomMain3.86 × 3.35 m

large window · open concept · laminate

Family RoomMain4.01 × 3.05 m

fireplace · open concept

Dining RoomMain3.35 × 3.25 m

laminate · large window · open concept

Bedroom 3Second3.05 × 2.74 m

closet · large window · overlooks park

Bedroom 2Second3.35 × 2.59 m

closet · large window · overlooks park

KitchenMain4.42 × 2.74 m

centre island · open concept

RecreationLower9.02 × 5.20 m

Laminate

Primary BedroomSecond5.40 × 3.33 m

5 pc ensuite · walk-in closet(s) · large window

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Cornell, Markham, ON

CommuteTime from this home to where you spend your day

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Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Greensborough
$866K
Cedar Grove
$853K
Wismer
$1.00M
Cedarwood
$976K
Berczy
$935K

Typical asking price of active listings of the same type, per area (outliers removed). Markham.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$4,421/mo
$184KIncome needed
5.3×Price ÷ income
$1,020Weekly cost
$15,875Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

92%mortgage
Mortgage $4,421Property tax $389Total carry $4,810

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,291per month

Mortgage amount $776,000 · 4.49% over 25 years

$194,000Down payment (20.0%)
$776,000Loan before insurance
$0CMHC premium
$4,679Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,291
Property tax
$389
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,679

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$15,875
Estimated closing costs
$15,875

Plus your down payment of $194,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,193/monthPayment at the qualifying rate

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

$511,191Total interest paid
$1,287,191Total of all payments
Principal $776,000 Interest $511,191
YearPrincipalInterestBalance
1$17,317$34,171$758,683
2$18,103$33,384$740,580
3$18,925$32,562$721,654
4$19,785$31,703$701,870
5$20,683$30,805$681,187
6$21,622$29,866$659,565
7$22,604$28,884$636,962
8$23,630$27,858$613,332
9$24,703$26,785$588,629
10$25,824$25,663$562,804
11$26,997$24,491$535,808
12$28,223$23,265$507,585
13$29,504$21,984$478,081
14$30,844$20,644$447,237
15$32,244$19,243$414,993
16$33,708$17,779$381,285
17$35,239$16,249$346,046
18$36,839$14,649$309,207
19$38,511$12,976$270,696
20$40,260$11,228$230,436
21$42,088$9,400$188,348
22$43,999$7,489$144,350
23$45,996$5,491$98,353
24$48,085$3,403$50,268
25$50,268$1,219$0

At the end of your 5-year term

Total paid over the term
$257,438
Principal paid down
$94,813
Interest paid
$162,625
Balance remaining
$681,187

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.

Let's connect

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

Rental yield
Estimate$3,150/mo
$37,800Gross annual rent
2.8%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.9%
Gross yield
− Property tax $4,664− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $27,578

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. MLS®/PropTx.

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