16 Peony Street, Markham, ON

$1,438,000
MLS#:N13467216
6 beds
4 baths
3000-3500 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Cornell. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,438,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 6 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 3000-3500 sqft on a premium 35.57 x 105.46 ft lot
  • Features a ["finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free
  • equipped with ["central air"] central cooling and highly efficient forced air heating via electric

Welcome to a truly rare opportunity in the heart of Cornell, an original-owner home designed for multigenerational living, and one of the few with a coveted custom 2-bedroom coach house. The detached coach house is currently rented for $1,800/month with a AAA tenant in place, offering the flexibility for a buyer to assume the existing lease for immediate income & additional mortgage qualification or take vacant possession. Main house 2,579 square feet above ground level + 750 square foot coach house above garage. Over 4,000 square feet of livable space including basement. This beautifully maintained 4-bedroom, 3-bathroom home offers an exceptional layout with space, privacy, and flexibility for extended families. Featuring a bright and spacious open-concept layout, generously sized rooms, large windows filling the space with natural light, and a thoughtfully designed floor plan perfect for both everyday living and entertaining. A standout feature is the newly built and oversized 2-bedroom coach house (~750 square feet), ideal for aging parents, adult children, or as a separate rental suite. Homes with this level of versatility and garage space are rarely available. Perfectly located just minutes by bike from top-rated schools (Rouge Park PS 8.2, Bill Hogarth SS 8.4, St. Joseph Catholic PS 8.0) and close to Cornell Community Centre, Markham Stouffville Hospital, parks, shopping, GO/Viva transit, and more.

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Key Features

Bedrooms
6
Bathrooms
4
Kitchens
2
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/19/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size35.57 × 105.46 Feet
CountyYork
Annual Tax$7,198.86
Legal DescriptionLOT 8, PLAN 65M3767, MARKHAM. T/W ROW OVER PT LTS 14 & 15 CON 9 PT 7, 65R16145 UNTIL SUCH TIME AS DEDICATED FOR HIGHWAY PURPOSES AS IN MA71206. S/T EASEMENT FOR ENTRY AS IN YR781161.

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Hospital, Library, Park, Public Transit, School

Interior Features

Auto Garage Door Remote, Carpet Free

Security Features

Community Features

Location

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16 Peony Street, Markham, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 16 Peony Street, Markham, ON L6B 1K9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,150,400
Monthly Mortgage$6,684
Property Tax (Est.)$600
Utilities & Maint.$350
Total Monthly Cost$7,634

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Markham.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cornell, Markham.

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,037,449

People & Families

Age Distribution

Household Composition

One-person households
16%
Families with children
54%
Couples without children
25%
Other households
5%

Top Ethnic Origins

Chinese45%
South Asian18%
Canadian6%
English5%

Local Schools Guide

Elementary Schools

Cornell Village
Public186 Country Glen Road, Markham, Ontario, L6B 1B5
7.2
St Joseph
Public388 White's Hill Avenue, Markham, Ontario, L6B 0J3
7.6
Rouge Park
Public568 Riverlands Avenue, Markham, Ontario, L6B 1A6
8.2
Reesor Park
Public69 Wootten Way North, Markham, Ontario, L3P 2Y5
7.0
Little Rouge
Public571 Country Glen Road, Markham, Ontario, L6B 1E8
6.4

Secondary Schools

Bill Hogarth
Public100 Donald Sim Avenue, Markham, Ontario, L6B 0R4
8.3
Markham
Public89 Church Street, Markham, Ontario, L3P 2M3
8.3
St. Brother André
Catholic6160 16th Avenue, Markham, Ontario, L3P 3K8
7.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied83%
Rented17%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.