2516 Bur Oak Avenue, Markham, ON
Cornell, Markham · MLS® N13859364
About this home
In short
- Legally Registered as 3bedroom at MPAC Prime opportunity calling for upsizers, first time homebuyers who are shy of the dusty surrounding of brand new homes in the...
- G/F powder room can be potentially turned into full bathroom to form an in-law suite, along with the current open concept 3rd bedroom.
- A spacious unfinished basement is awaiting your imagination comes to live.
- Ideally situated close to parks, scenic ponds, schools, the GO Station, and hospital amenities.
**Legally Registered as 3bedroom at MPAC** Prime opportunity calling for upsizers, first time homebuyers who are shy of the dusty surrounding of brand new homes in the initial years. A neat, quiet freehold townhome in the highly desirable Upper Cornell community. Original Owner with pride of ownership & care. Featuring direct garage access & an extended private driveway, this well-maintained home offers a functional layout with walkout access from the kitchen to a spacious deck-perfect for outdoor dining & entertaining. G/F powder room can be potentially turned into full bathroom to form an in-law suite, along with the current open concept 3rd bedroom. The modern kitchen is equipped island for gatherings. Ensuite FULL BATHROOM in ALL BEDROOMS providing added comfort & convenience. Pampered & cozy upgraded broadloom & underpadding in most living areas. A spacious unfinished basement is awaiting your imagination comes to live. Front lawn landscaping & paved walkway. Ideally situated close to parks, scenic ponds, schools, the GO Station, and hospital amenities.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- N13859364
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 12.99 × 100.33 ft
- Cross streets
- 16th Ave / 9th Line
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Full, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,228 / 2025
- Days on market
- 16
- Listing brokerage
- PROMPTON REAL ESTATE SERVICES CORP.
Rooms
laminate · picture window · open concept
broadloom · 3 pc ensuite · window
ceramic floor · w/o to deck
broadloom · 3 pc ensuite · window
broadloom · combined w/dining · window
broadloom · combined w/living · open concept
ceramic floor · centre island · backsplash
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Considering this property? Request a written price readNeighbourhood & location
Cornell, Markham, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $599,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,313
- Property tax
- $269
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,582
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,455
- Estimated closing costs
- $11,455
Plus your down payment of $149,800. 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
- $198,785
- Principal paid down
- $73,211
- Interest paid
- $125,574
- Balance remaining
- $525,989
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of PROMPTON REAL ESTATE SERVICES CORP.. MLS®/PropTx.