259 William Forster Road, Markham, ON

Cornell, Markham · MLS® N13549286

$1,249,000
For Sale
Listed 101 days agoNo offer date statedSitting longer than typical
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4+2Bedrooms
4Bathrooms
1Garage · 3 parking
2000-2500Sq ft

About this home

In short

  • Luxury Home in Cornell Community.
  • 9 Ft Ceiling On Main Flr and Hardwood flooring throughout all levels.
  • 4 Large Bdrms Including 2 Ensuite.
  • Basement with Separate entry, Kitchen, 2 large Bedroom and 1 Full washroom entrance and is already rented out to active tenants.
  • Mins to Hwy7. For Additional Property Details Click The Brochure Icon Below

Luxury Home in Cornell Community. Approx. 2500 Sf. Good exposure. 9 Ft Ceiling On Main Flr and Hardwood flooring throughout all levels. Practical Layout. Spacious Living & Dining & Family Room. Family Size Breakfast Area. 4 Large Bdrms Including 2 Ensuite. Basement with Separate entry, Kitchen, 2 large Bedroom and 1 Full washroom entrance and is already rented out to active tenants. Step to Hospital & Public Transit. Close To New Cornell Community Centre & Library. Mins to Hwy7. *For Additional Property Details Click The Brochure Icon Below*

Key facts

Property type
Detached, 2-Storey
MLS®
N13549286
Bedrooms
4+2 (6 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
29.53 × 82.02 ft
Cross streets
Hw7 and Cornel Center Blvd
Parking
1 garage · 3 parking (attached)
Driveway
Available
Basement
Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,672 / 2025
Days on market
101
Listing brokerage
ICI SOURCE REAL ASSET SERVICES INC.

Rooms

Dining RoomMain3.60 × 5.56 m
Family RoomMain5.57 × 3.74 m
KitchenMain3.07 × 2.88 m
BreakfastMain2.88 × 4.26 m
BedroomSecond5.44 × 4.59 m
Bedroom 4Second3.62 × 2.98 m
Bedroom 3Second3.41 × 3.00 m
Living RoomMain6.53 × 3.60 m
BedroomBasement4.26 × 2.74 m
Bedroom 2Second3.60 × 3.93 m
Bedroom 2Basement3.05 × 3.05 m
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.

Sherwood-Amberglen
$1.18M
Markham Village
$1.37M
Greensborough
$1.15M
Raymerville
$1.68M
Bullock
$1.10M

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
$5,693/mo
$235KIncome needed
5.3×Price ÷ income
$1,314Weekly cost
$21,455Land 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 $5,693Property tax $473Total carry $6,165

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,525per month

Mortgage amount $999,200 · 4.49% over 25 years

$249,800Down payment (20.0%)
$999,200Loan before insurance
$0CMHC premium
$5,997Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,525
Property tax
$473
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,997

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

One-time closing costs

Ontario land transfer tax
$21,455
Estimated closing costs
$21,455

Plus your down payment of $249,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,687/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

$658,224Total interest paid
$1,657,424Total of all payments
Principal $999,200 Interest $658,224
YearPrincipalInterestBalance
1$22,298$43,999$976,902
2$23,310$42,987$953,592
3$24,369$41,928$929,223
4$25,475$40,822$903,748
5$26,632$39,665$877,116
6$27,841$38,456$849,275
7$29,105$37,192$820,170
8$30,427$35,870$789,744
9$31,808$34,489$757,936
10$33,252$33,045$724,683
11$34,762$31,535$689,921
12$36,340$29,957$653,581
13$37,990$28,307$615,590
14$39,715$26,582$575,875
15$41,519$24,778$534,357
16$43,404$22,893$490,953
17$45,374$20,923$445,579
18$47,435$18,862$398,144
19$49,588$16,709$348,556
20$51,840$14,457$296,716
21$54,193$12,104$242,523
22$56,654$9,643$185,869
23$59,226$7,071$126,642
24$61,916$4,381$64,727
25$64,727$1,570$0

At the end of your 5-year term

Total paid over the term
$331,485
Principal paid down
$122,084
Interest paid
$209,401
Balance remaining
$877,116

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.

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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$4,200/mo
$50,400Gross annual rent
3.0%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.

4.0%
Gross yield
− Property tax $5,672− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $37,784

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ICI SOURCE REAL ASSET SERVICES INC.. MLS®/PropTx.

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