2113-2 Westmeath Lane, Markham, ON

Cornell, Markham · MLS® N13832898

$596,000
For Sale
Listed 22 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
1000-1199Sq ft

About this home

In short

  • Welcome to 2 Westmeath Lane unit 2113 (about 1168 Sq Ft) in the highly demanded Cornell community.
  • Steps to Hwy 7 and few minutes walk to Stouffville Hospital in Markham.
  • This is a low-fee 2 Bedroom & 2 washroom unit on the top 3 levels of this stacked townhouse.
  • The main floor fits a big living room, a modernized kitchen, an eat-in dining area and an updated vanity (2025) in the 2pc Washroom.
  • The 2nd floor fits two bedrooms and an updated 3pc washroom (2025).

Welcome to 2 Westmeath Lane unit 2113 (about 1168 Sq Ft) in the highly demanded Cornell community! Steps to Hwy 7 and few minutes walk to Stouffville Hospital in Markham.This is a low-fee 2 Bedroom & 2 washroom unit on the top 3 levels of this stacked townhouse. The main floor fits a big living room, a modernized kitchen, an eat-in dining area and an updated vanity (2025) in the 2pc Washroom. The 2nd floor fits two bedrooms and an updated 3pc washroom (2025). The 3rd floor is the furnace room and an open space for a small office connecting to a big east-facing terrace. One parking & one locker are included. Very practical and functional floor plan for a small family. Cozy, clean and quiet! Please come to see it and you won't be disappointed.

Key facts

Property type
Condo Townhouse, Stacked Townhouse
MLS®
N13832898
Bedrooms
2
Bathrooms
2 (1 half)
Size
1000-1199 sq ft
Cross streets
Hwy 7 & 9th
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$327/mo
Exposure
East
Property tax
$2,955 / 2026
Days on market
22
Listing brokerage
FIRST CLASS REALTY INC.

Rooms

Living RoomMain4.00 × 4.00 m
OfficeThird2.00 × 2.00 m
Primary BedroomSecond3.40 × 3.00 m
Dining RoomMain2.50 × 2.50 m
KitchenMain4.00 × 4.00 m
Bedroom 2Second3.20 × 3.00 m
Our TakeTeam Asgarian · Broker
A small discount is typical
$586Klikely sale price

Listed at $596,000. Going by how homes in Cornell and the wider GTA have actually closed against their asking prices (about 98%, 9 local closings in 90 days), the likely sale price is near $586K, if it sells. A realistic range is $552K to $634K.

Independent value check: $582K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $542K and $612K).

Why $582K. The typical townhouse sold in Cornell over the past year went for about $620K (37 sales). What sets this one apart:

  • ▲ Raises it slightlyIts tax bill, which follows the city's own assessment, is $2,955 a year; the typical home sold here pays about $2,800.
List price
$552KBelow recent closings$634KAbove recent closings

Total price vs nearby homes. Likely closing about $586K, from 9 recent closings in this pocket.

The market behind the math:

9sold nearby · 90 days
$618Kmedian sold price
100%of asking, on average
−8%prices vs a year ago
~19 dayshomes like this take to sell
22days on market so far
$2,557/moest. rent · 22 leases
5.1%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2.3 months of inventory: 7 condo townhouse homes for sale in the area against 9 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $542/sqft against an area asking average of $564/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 and this building.

It never sees the asking price. The 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $604K. Condition and finishes remain an in-person call.

Based on 10 homes sold in this building over the past two years, from 70 closings in Cornell.

Sold price trend

Median sold price for condo townhouses in Markham: $710K in September 2026, down 6% from a year ago, on 245 closings in 12 months.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$808K24
November 2025$778K12
December 2025$715K12
January 2026$825K12
February 2026$743K24
March 2026$815K21
April 2026$829K10
May 2026$760K31
June 2026$751K26
July 2026$717K28
August 2026$765K25
September 2026$710K20

Neighbourhood & location

Cornell, Markham, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

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

Markham Village
$699K
Old Markham Village
$699K
Greensborough
$861K
Unionville
$893K
German Mills
$890K

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
$2,716/mo
$121KIncome needed
4.9×Price ÷ income
$627Weekly cost
$8,395Land 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.

83%mortgage
Mortgage $2,716Property tax $246Condo fee $327Total carry $3,290

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)
$2,636per month

Mortgage amount $476,800 · 4.49% over 25 years

$119,200Down payment (20.0%)
$476,800Loan before insurance
$0CMHC premium
$3,210Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,636
Property tax
$246
Condo / maintenance fees
$327
Heating
$0
Estimated monthly cost
$3,210

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

One-time closing costs

Ontario land transfer tax
$8,395
Estimated closing costs
$8,395

Plus your down payment of $119,200. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,191/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

$314,093Total interest paid
$790,893Total of all payments
Principal $476,800 Interest $314,093
YearPrincipalInterestBalance
1$10,640$20,996$466,160
2$11,123$20,512$455,037
3$11,628$20,007$443,408
4$12,156$19,479$431,252
5$12,708$18,928$418,544
6$13,285$18,350$405,259
7$13,888$17,747$391,370
8$14,519$17,117$376,851
9$15,178$16,457$361,673
10$15,867$15,768$345,806
11$16,588$15,048$329,218
12$17,341$14,295$311,877
13$18,128$13,507$293,749
14$18,951$12,684$274,797
15$19,812$11,824$254,985
16$20,711$10,924$234,274
17$21,652$9,984$212,622
18$22,635$9,001$189,987
19$23,663$7,973$166,325
20$24,737$6,899$141,588
21$25,860$5,776$115,727
22$27,034$4,601$88,693
23$28,262$3,374$60,431
24$29,545$2,091$30,886
25$30,886$749$0

At the end of your 5-year term

Total paid over the term
$158,179
Principal paid down
$58,256
Interest paid
$99,922
Balance remaining
$418,544

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
From 22 whole-home leases in Cornell$2,557/mo
$30,684Gross annual rent
3.3%Cap rate after taxes and upkeep
$2,429 to $2,684Typical rent range
~20 daysTo find a tenant, on average

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

Talk about the numbers

The last 22 whole-home leases in Cornell signed at a median of $2,552 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,557. 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.

5.1%
Gross yield
− Property tax $2,955− Condo fees $3,928− Insurance $600− Vacancy & upkeep $3,375Net operating income $19,826

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FIRST CLASS REALTY INC.. MLS®/PropTx.

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