38 Coleluke Lane, Markham, ON

Middlefield, Markham · MLS® N13855958

$899,900
For Sale
Listed 17 days agoNo offer date stated
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3+2Bedrooms
4Bathrooms
1Garage · 2 parking
1500-2000Sq ft

About this home

In short

  • Welcome to 38 Coleluke Lane, an impeccably maintained carpet-free semi-detached home located in one of Markham's most desirable family-friendly communities.
  • This bright and spacious home offers an exceptional layout designed for modern living, featuring a versatile second-floor family room that can easily be converted...
  • Retreat to the generous primary bedroom featuring a walk-in closet and a private ensuite bathroom.
  • Situated in an unbeatable location, just minutes to top-rated schools, parks, Costco, shopping, restaurants, TTC and YRT transit, and major highways, this home offers...

Welcome to 38 Coleluke Lane, an impeccably maintained carpet-free semi-detached home located in one of Markham's most desirable family-friendly communities. This bright and spacious home offers an exceptional layout designed for modern living, featuring a versatile second-floor family room that can easily be converted into a 4th bedroom. The contemporary kitchen is equipped with stainless steel appliances and overlooks the inviting living and dining areas, making it ideal for everyday living and entertaining. Retreat to the generous primary bedroom featuring a walk-in closet and a private ensuite bathroom. Step outside to a fully fenced backyard complete with a large deck-perfect for summer BBQs, entertaining guests, or simply unwinding. Additional upgrades include a water purification system for added comfort and convenience. Situated in an unbeatable location, just minutes to top-rated schools, parks, Costco, shopping, restaurants, TTC and YRT transit, and major highways, this home offers the perfect blend of comfort, style, and convenience. A fantastic opportunity to own a move-in-ready home in one of Markham's most sought-after neighbourhoods.

Key facts

Property type
Semi-Detached, 2-Storey
MLS®
N13855958
Bedrooms
3+2 (5 total)
Bathrooms
4 (1 half)
Size
1500-2000 sq ft
Lot
24.61 × 95.21 ft
Cross streets
Markham Rd/Denison St
Parking
1 garage · 2 parking (built-in)
Driveway
Private
Basement
Separate Entrance, Apartment
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$4,545 / 2025
Days on market
17
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY

Rooms

Dining RoomMain3.23 × 7.50 m

hardwood floor · combined w/living · large window

Primary BedroomSecond3.99 × 4.66 m

hardwood floor · walk-in closet(s) · 4 pc bath

Living RoomMain3.23 × 7.50 m

hardwood floor · combined w/dining · large window

KitchenMain2.68 × 4.27 m

ceramic floor · quartz counter · stainless steel appl

Bedroom 3Second3.05 × 2.74 m

hardwood floor · closet · window

BreakfastMain2.68 × 3.66 m

ceramic floor · w/o to yard

BedroomLower0.00 × 0.00 m
Great RoomLower0.00 × 0.00 m
Bedroom 2Second3.05 × 2.74 m

hardwood floor · closet · window

Family RoomSecond4.82 × 3.35 m

hardwood floor · 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
What sellers nearby are askingCurrently listed nearby · asking prices
$1.08Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market.

Per square foot, these ask about $616/sqft; this home lists at $514/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
900kThis home945k999k1.17M1.20MThis home vs active comparables

Neighbourhood & location

Middlefield, 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.

Cedarwood
$1.05M
Village Green-South Unionville
$982K
Bullock
$934K
Cornell
$987K
Wismer
$1.12M

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
$4,101/mo
$172KIncome needed
5.2×Price ÷ income
$946Weekly cost
$14,473Land 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 $4,101Property tax $379Total carry $4,480

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)
$3,981per month

Mortgage amount $719,920 · 4.49% over 25 years

$179,980Down payment (20.0%)
$719,920Loan before insurance
$0CMHC premium
$4,359Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,981
Property tax
$379
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,359

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

One-time closing costs

Ontario land transfer tax
$14,473
Estimated closing costs
$14,473

Plus your down payment of $179,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,818/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

$474,248Total interest paid
$1,194,168Total of all payments
Principal $719,920 Interest $474,248
YearPrincipalInterestBalance
1$16,066$31,701$703,854
2$16,795$30,972$687,059
3$17,558$30,209$669,502
4$18,355$29,412$651,147
5$19,188$28,579$631,959
6$20,059$27,707$611,900
7$20,970$26,797$590,930
8$21,922$25,845$569,007
9$22,918$24,849$546,090
10$23,958$23,809$522,132
11$25,046$22,721$497,086
12$26,183$21,584$470,903
13$27,372$20,395$443,531
14$28,615$19,152$414,916
15$29,914$17,853$385,002
16$31,272$16,495$353,730
17$32,692$15,075$321,038
18$34,176$13,590$286,861
19$35,728$12,039$251,133
20$37,350$10,416$213,783
21$39,046$8,721$174,737
22$40,819$6,948$133,918
23$42,672$5,094$91,245
24$44,610$3,157$46,635
25$46,635$1,131$0

At the end of your 5-year term

Total paid over the term
$238,834
Principal paid down
$87,961
Interest paid
$150,873
Balance remaining
$631,959

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
3.1%Cap rate after taxes and upkeep

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 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.

4.2%
Gross yield
− Property tax $4,545− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $27,697

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

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