19 Lounts Lane, Markham, ON
Cornell, Markham · MLS® N13798768
About this home
In short
- Welcome to Terrace Park Towns featuring this Brand New, Never Lived in - Large Family Sized Townhome - Former Model Home.
- On the upper 2 floors, you will find your open concept living,a den with glass partition wall, bright kitchen, 3 bedrooms & 2.5 bathrooms.
- If you are looking for multi-generational living potential, this townhome features an finished basement complete with with an oversized window in the bedroom, a 3...
- When used in combination with the ground level's rec space that has a separate entrance & built-in wet bar,the potential is huge & your basement suite will make the...
- This Pineridge Model is 2071 sq ft + 318 finished basement bringing the total living space to approx 2389 sq. ft.
Welcome to Terrace Park Towns featuring this Brand New, Never Lived in - Large Family Sized Townhome - Former Model Home!On the upper 2 floors, you will find your open concept living,a den with glass partition wall, bright kitchen, 3 bedrooms & 2.5 bathrooms. On the ground level, you will find a multi use space (can be used as a rec room, office, living room, etc), a powder room & 2 entrances (front+back door). If you are looking for multi-generational living potential, this townhome features an finished basement complete with with an oversized window in the bedroom, a 3 piece bathroom & a 2nd Laundry connection. When used in combination with the ground level's rec space that has a separate entrance & built-in wet bar,the potential is huge & your basement suite will make the in-laws or overnight guests smile!This Pineridge Model is 2071 sq ft + 318 finished basement bringing the total living space to approx 2389 sq. ft. Many features including key upgrades from oversized porcelain tiles to upgraded cabinetry. The kitchen features a natural stone countertop, a large pantry & a stainless steel appliance package. No carpeting anywhere in the house!Just off the kitchen, you have direct access to a private outdoor terrace w/over 100 sq. ft. of outdoor living space.The main Laundry is conveniently located on the bedroom level. Washer & dryer incl'd. Direct from Builder - State Building Group/Forest Hill Homes, Terrace Park Towns. The purchase price listed is subject to HST however the HST Enhanced Rebate Program for qualified purchasers can be credited on closing to offset the HST for principal residence purchases. The HST is payable on top of the purchase price at closing if purchaser does not qualify for the rebate or is purchasing for investment.Move in ready for quick closing. No Occupancy Fees.Taxes based on LAND VALUE ONLY. Will be reaccessed by MPAC after closing.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- N13798768
- Bedrooms
- 3
- Bathrooms
- 5 (2 half)
- Size
- 2000-2500 sq ft
- Lot
- 18 × 75 ft
- Cross streets
- Donald Cousens Pkwy and HWY 7
- Parking
- 1 garage · 2 parking (attached)
- Driveway
- Private
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $2,043 / 2026
- Days on market
- 32
- Listing brokerage
- PMA BRETHOUR REAL ESTATE CORPORATION INC.
Rooms
open concept · large window
large window · closet · hardwood floor
breakfast area · hardwood floor · eat-in kitchen
large window · semi ensuite · closet
hardwood floor · large window · closet
large window · walk-in closet(s) · ensuite bath
Large Window
Glass Doors
Listed at $999,990. Going by how homes in Cornell and the wider GTA have actually closed against their asking prices (about 98%, 19 local closings in 90 days), the likely sale price is near $979K, if it sells. A realistic range is $918K to $1.10M.
Independent value check: $1.00M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $938K and $1.05M).
Why $1.00M. The typical townhouse sold in Cornell over the past year went for about $921K (75 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $2,043 a year; the typical home sold here pays about $4,200.
Total price vs nearby homes. Likely closing about $979K, from 19 recent closings in this pocket.
The market behind the math:
About 1.7 months of inventory: 11 townhouse homes for sale in the area against 19 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $444/sqft against an area asking average of $507/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 19 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $995K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Based on 19 comparable homes that sold in Cornell over the past two years, from 165 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.00M, which is where my estimate comes from.
Per square foot, these ask about $499/sqft; this home lists at $444/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Markham: $912K in September 2026, down 10% from a year ago, on 460 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.05M | 53 |
| November 2025 | $1.07M | 36 |
| December 2025 | $1.14M | 29 |
| January 2026 | $1.02M | 28 |
| February 2026 | $1.10M | 23 |
| March 2026 | $1.00M | 33 |
| April 2026 | $1.03M | 37 |
| May 2026 | $1.02M | 56 |
| June 2026 | $953K | 53 |
| July 2026 | $979K | 42 |
| August 2026 | $997K | 38 |
| September 2026 | $912K | 32 |
Neighbourhood & location
Cornell, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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) →
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $799,992 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $170
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,594
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,475
- Estimated closing costs
- $16,475
Plus your down payment of $199,998. 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
- $265,398
- Principal paid down
- $97,744
- Interest paid
- $167,653
- Balance remaining
- $702,248
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 5 whole-home leases in Cornell signed at a median of $3,207 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,729. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of PMA BRETHOUR REAL ESTATE CORPORATION INC.. MLS®/PropTx.