A206-15 Cornell Meadows Avenue, Markham, ON

Cornell, Markham · MLS® N14090360

$449,000
For Sale
Listed 2 days agoNo offer date stated
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2+1Bedrooms
3Bathrooms
1Parking
1000-1199Sq ft

About this home

In short

  • Power of Sale - Must Sell.
  • 3-storey condo townhouse in Markham's Cornell community offering approximately 1,160 sq. ft. with 2 bedrooms plus den (possible bedroom) , 3 bathrooms, and multiple...
  • Primary suite features a walk-out balcony, walk-in closet, and renovated ensuite with a modern walk-in shower.
  • Conveniently located near Hwy 407, transit, hospital, shopping, and community amenities.

Power of Sale - Must Sell. 3-storey condo townhouse in Markham's Cornell community offering approximately 1,160 sq. ft. with 2 bedrooms plus den (possible bedroom) , 3 bathrooms, and multiple balconies. Updated kitchen with quartz countertops, marble backsplash, and stainless steel appliances. Primary suite features a walk-out balcony, walk-in closet, and renovated ensuite with a modern walk-in shower. Upper level includes a second bedroom, full bathroom, and covered balcony. Conveniently located near Hwy 407, transit, hospital, shopping, and community amenities. Strong value in a sought-after neighbourhood.

Key facts

Property type
Condo Townhouse, 3-Storey
MLS®
N14090360
Bedrooms
2+1 (3 total)
Bathrooms
3 (1 half)
Size
1000-1199 sq ft
Cross streets
Ninth Line / Hwy 7
Parking
1 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$822/mo
Exposure
West
Property tax
$2,010 / 2025
Days on market
2
Listing brokerage
PROPERTY.CA INC.
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 in Cornell · asking prices
$723kavg asking

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

Per square foot, these ask about $530/sqft; this home lists at $408/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
449kThis home585k735k850kThis home vs active comparables

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
Greensborough
$861K
Old Markham Village
$699K
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
$2,046/mo
$102KIncome needed
4.4×Price ÷ income
$472Weekly cost
$5,455Land 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.

67%mortgage
Mortgage $2,046Property tax $168Condo fee $822Total carry $3,036

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)
$1,986per month

Mortgage amount $359,200 · 4.49% over 25 years

$89,800Down payment (20.0%)
$359,200Loan before insurance
$0CMHC premium
$2,976Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,986
Property tax
$168
Condo / maintenance fees
$822
Heating
$0
Estimated monthly cost
$2,976

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

One-time closing costs

Ontario land transfer tax
$5,455
Estimated closing costs
$5,455

Plus your down payment of $89,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,404/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

$236,624Total interest paid
$595,824Total of all payments
Principal $359,200 Interest $236,624
YearPrincipalInterestBalance
1$8,016$15,817$351,184
2$8,380$15,453$342,804
3$8,760$15,073$334,044
4$9,158$14,675$324,886
5$9,574$14,259$315,312
6$10,008$13,824$305,304
7$10,463$13,370$294,841
8$10,938$12,895$283,903
9$11,435$12,398$272,468
10$11,954$11,879$260,515
11$12,497$11,336$248,018
12$13,064$10,769$234,954
13$13,657$10,176$221,297
14$14,277$9,556$207,020
15$14,925$8,908$192,095
16$15,603$8,230$176,492
17$16,312$7,521$160,180
18$17,052$6,781$143,128
19$17,826$6,007$125,302
20$18,636$5,197$106,666
21$19,482$4,351$87,184
22$20,366$3,467$66,817
23$21,291$2,542$45,526
24$22,258$1,575$23,268
25$23,268$564$0

At the end of your 5-year term

Total paid over the term
$119,165
Principal paid down
$43,888
Interest paid
$75,277
Balance remaining
$315,312

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$3,400/mo
$40,800Gross annual rent
5.3%Cap rate after taxes and upkeep

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.

9.1%
Gross yield
− Property tax $2,010− Condo fees $9,869− Insurance $600− Vacancy & upkeep $4,488Net operating income $23,833

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

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