40 Liam Lane, Markham, ON
Cedarwood, Markham · MLS® N14086972
About this home
In short
- Welcome to this Beautiful 4 BEDROOM, 4 BATHROOM, PREMIUM RAVINE LOT Semi-Detached Home, Located in Markham's Prestigious Cedarwood Community.
- This MOVE-IN Ready Home Offers Carpet-Free Living, a Bright Open-Concept Layout, Abundant Natural Light, and Elegant Solid Wood California Shutters.
- Step Inside to Discover Spacious Living, Family, and Dining Areas Perfect for Everyday Living and Entertaining, Overlooking the Private Backyard.
- The Upper Level Features Four Spacious Bedrooms, Including a Primary Suite with a 5-Piece Ensuite and Large Walk-In Closet, Plus a Second Bedroom with Its Own 4-Piece...
- The SEPARATE ENTRANCE Open Basement Offers Endless Possibilities to Create Additional Living Space, a Recreation Room, Home Gym, In-Law Suite or Basement Apartment.
Welcome to this Beautiful 4 BEDROOM, 4 BATHROOM, PREMIUM RAVINE LOT Semi-Detached Home, Located in Markham's Prestigious Cedarwood Community! This MOVE-IN Ready Home Offers Carpet-Free Living, a Bright Open-Concept Layout, Abundant Natural Light, and Elegant Solid Wood California Shutters. Step Inside to Discover Spacious Living, Family, and Dining Areas Perfect for Everyday Living and Entertaining, Overlooking the Private Backyard. The Stylish Kitchen Features Quartz Countertops, Ceramic Backsplash and Stainless Steel Appliances. Enjoy the Added Convenience of Main Floor Laundry and a Dedicated Mudroom Area to Keep Busy Family Life Organized. The Upper Level Features Four Spacious Bedrooms, Including a Primary Suite with a 5-Piece Ensuite and Large Walk-In Closet, Plus a Second Bedroom with Its Own 4-Piece Ensuite. The SEPARATE ENTRANCE Open Basement Offers Endless Possibilities to Create Additional Living Space, a Recreation Room, Home Gym, In-Law Suite or Basement Apartment. Conveniently Located Near TOP-RATED Schools such as USCA Academy International Private School, Markham Gateway PS, Ellen Fairclough PS, as well as Major Retailers such as Costco, Walmart, Canadian Tire, Home Depot, and Major Banks. This property is Ideal for Families and Professionals Alike. Beautifully Maintained. DON'T MISS THE OPPORTUNITY TO MAKE THIS GEM YOUR OWN!
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- N14086972
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 18.93 × 106.1 ft
- Cross streets
- Markham Rd. & Steeles Ave. E
- Parking
- 1 garage · 2 parking (built-in)
- Driveway
- Private
- Basement
- Separate Entrance, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,225 / 2025
- Days on market
- 3
- Listing brokerage
- RE/MAX COMMUNITY REALTY INC.
Rooms
tile floor · combined w/kitchen · overlooks backyard
hardwood floor · large closet · california shutters
hardwood floor · combined w/family · open concept
hardwood floor · double closet · california shutters
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · combined w/living · open concept
hardwood floor · 4 pc ensuite · california shutters
tile floor · stainless steel appl · quartz counter
Listed at $899,990. Going by how homes in Cedarwood and the wider GTA have actually closed against their asking prices (about 97%, 6 local closings in 90 days), the likely sale price is near $872K, if it sells. A realistic range is $817K to $983K.
Independent value check: $1.10M. Without looking at the asking price, our model values the home itself about 22% above the ask (homes like it typically land between $1.03M and $1.15M).
Total price vs nearby homes. Likely closing about $872K, from 6 recent closings in this pocket.
The market behind the math:
About 2.5 months of inventory: 5 semi-detached homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $400/sqft against an area asking average of $515/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part 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 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.08M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- 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
- Open-concept layout: modern, sought-after flow. Lifestyle
Based on 6 comparable homes that sold in Cedarwood over the past two years, from 31 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $455/sqft; this home lists at $400/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for semi-detached homes in Markham: $1.00M in September 2026, down 5% from a year ago, on 173 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 | 19 |
| November 2025 | $1.06M | 14 |
| December 2025 | $1.04M | 7 |
| January 2026 | $1.04M | 8 |
| February 2026 | $1.06M | 5 |
| March 2026 | $1.04M | 11 |
| April 2026 | $1.08M | 16 |
| May 2026 | $1.06M | 19 |
| June 2026 | $1.04M | 22 |
| July 2026 | $1.02M | 17 |
| August 2026 | $945K | 15 |
| September 2026 | $1.00M | 20 |
Neighbourhood & location
Cedarwood, 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 $719,992 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,981
- Property tax
- $519
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,500
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,475
- Estimated closing costs
- $14,475
Plus your down payment of $179,998. 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
- $238,858
- Principal paid down
- $87,970
- Interest paid
- $150,888
- Balance remaining
- $632,022
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
The suite is real income here: basements rent in Cedarwood (9 of 49 recent detached leases were basement units, around $1,699 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,699 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 Cedarwood signed at a median of $3,354 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,354. 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 RE/MAX COMMUNITY REALTY INC.. MLS®/PropTx.