48 Cottonwood Court, Markham, ON
Bayview Fairway-Bayview Country Club Estates, Markham · MLS® N14086426
About this home
In short
- Exceptional Parkside Living in Prestigious Bayview Fairways.
- Nestled on a quiet, family-friendly court, this bright and spacious 3+1 bedroom & 3+1 bathroom home boasts a rare, expansive pie-shaped lot with breathtaking views of...
- Featuring beautiful hardwood flooring, a charming brick fireplace, and a spacious eat-in kitchen with tasteful updates and walkout to a generous deck overlooking lush...
- Three well-appointed upper-level bedrooms include a primary suite with a private 4-piece ensuite and a spacious walk-in closet.
- The finished walk-out basement offers a recreation room, additional bedroom, 4-piece bathroom, and direct backyard access-ideal for extended family or...
Exceptional Parkside Living in Prestigious Bayview Fairways! Nestled on a quiet, family-friendly court, this bright and spacious 3+1 bedroom & 3+1 bathroom home boasts a rare, expansive pie-shaped lot with breathtaking views of German Mills Settlers Park-a truly distinctive offering in the neighbourhood! Backing directly onto picturesque parkland, the property offers a tranquil backyard retreat surrounded by natural beauty. Featuring beautiful hardwood flooring, a charming brick fireplace, and a spacious eat-in kitchen with tasteful updates and walkout to a generous deck overlooking lush greenery and scenic parkland. Three well-appointed upper-level bedrooms include a primary suite with a private 4-piece ensuite and a spacious walk-in closet. The finished walk-out basement offers a recreation room, additional bedroom, 4-piece bathroom, and direct backyard access-ideal for extended family or multigenerational living. Select kitchen and bathroom upgrades enhance comfort and functionality. Conveniently located near high-ranking schools (St. Robert Catholic High School), scenic trails, golf courses, shopping, transit, and major highways. A Rare Opportunity to Enjoy Expansive Outdoor Space, Spectacular Parkland Views, and Versatile Family Living in One of Markham's Most Desirable Communities!
Key facts
- Property type
- Detached, 3-Storey
- MLS®
- N14086426
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 15.75 × 154.55 ft
- Cross streets
- East of Bayview/John
- Parking
- 1 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,201 / 2026
- Days on market
- 3
- Listing brokerage
- FIRST CLASS REALTY INC.
Rooms
4 pc ensuite · walk-in closet(s) · closet organizers
closet organizers · hardwood floor · window
brick fireplace · hardwood floor · overlooks backyard
w/o to deck · ceramic floor · eat-in kitchen
combined w/living · hardwood floor · window
combined w/dining · hardwood floor · overlooks frontyard
access to garage · w/o to patio · laminate
closet · hardwood floor · window
4 pc bath · laminate · window
Listed at $998,000, about 20% below our estimate of $1.25M (homes like it typically land between $1.17M and $1.30M).
Why $1.25M. The typical detached home sold in Bayview Fairway-Bayview Country Club Estates over the past year went for about $1.46M (12 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $6,201 a year; the typical home sold here pays about $7,100.
- ▼ Lowers it slightlyIts lot is 16 by 155 ft; the typical lot sold here is 53 by 133.
- ▼ Lowers it slightly1 garage and 4 total parking spaces, against 2 and 6 typically.
Total price vs nearby homes. Fair value about $1.25M, learned from recent GTA sales.
The market behind the math:
About 3.8 months of inventory: 5 detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $570/sqft against an area asking average of $840/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Bayview Fairway-Bayview Country Club Estates basements rarely rent out (3 of 18 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Markham.
- Park / green-space backing. The listing says this home backs onto or abuts a park or green space. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.23M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Bayview Fairway-Bayview Country Club Estates, so I widened the search to the surrounding area.
Based on 12 comparable homes that sold in Bayview Fairway-Bayview Country Club Estates over the past two years, from 22 closings there.
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.25M, which is where my estimate comes from.
Per square foot, these ask about $775/sqft; this home lists at $570/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Markham: $1.39M in September 2026, down 3% from a year ago, on 1,284 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 | $1.50M | 121 |
| November 2025 | $1.49M | 88 |
| December 2025 | $1.44M | 72 |
| January 2026 | $1.42M | 57 |
| February 2026 | $1.43M | 69 |
| March 2026 | $1.44M | 95 |
| April 2026 | $1.39M | 116 |
| May 2026 | $1.48M | 141 |
| June 2026 | $1.46M | 147 |
| July 2026 | $1.38M | 128 |
| August 2026 | $1.49M | 136 |
| September 2026 | $1.39M | 114 |
Neighbourhood & location
Bayview Fairway-Bayview Country Club Estates, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $798,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,414
- Property tax
- $517
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,931
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,435
- Estimated closing costs
- $16,435
Plus your down payment of $199,600. 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
- $264,869
- Principal paid down
- $97,550
- Interest paid
- $167,320
- Balance remaining
- $700,850
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
About the suite: in Bayview Fairway-Bayview Country Club Estates basements rarely rent out (3 of 18 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 8 whole-home leases in Bayview Fairway-Bayview Country Club Estates signed at a median of $3,844 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,846. 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 FIRST CLASS REALTY INC.. MLS®/PropTx.