$918,000 - 116 Riverlands Avenue, Markham
Townhouse for Sale in Markham
New — Listed 3 days ago- MLS Number
- N13424008
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Some homes are lived in. This one has been loved by the same devoted owner for 24 years - and the details tell the story. Roof replaced 2015. New furnace 2017. New air conditioning 2019. This truly freehold 3-bedroom, 3-bathroom townhome in Markham's beloved Cornell community arrives with the big things already done, and a quiet pride of ownership evident in every corner.Inside, rich hardwood floors and oversized windows create a warm, sun-filled main floor that immediately feels like home. The cozy kitchen with custom pull-out cabinetry and stainless steel appliances flows seamlessly into generous living and dining spaces, while a private primary ensuite and three well-proportioned bedrooms offer the comfort your family deserves. The basement is a blank canvas with a bathroom rough-in, ready for whatever the next chapter calls for - a gym, more living space, a playroom, or an office. The choice is truly yours.Outside, a private backyard and patio invite warm-weather living, complemented by a garage and driveway. Beyond your front door lies Cornell itself - a celebrated neighbourhood designed for people, where tree-lined sidewalks, front porches, and a true sense of community greet you daily. Rouge National Urban Park, the largest urban park in North America at 79 square kilometres of trails, forest, and river valley, is moments away.All of this is anchored by the kind of connectivity that makes daily life feel effortless and commuting seamless. Markham Stouffville Hospital, the GO Station, Hwy 7, Hwy 407, top-ranked schools, daycare, and the 129,000 sq. ft. Cornell Community Centre are all within easy reach. What cannot be mapped or measured is the feeling of a home that has been genuinely cherished, on a street worth coming home to, in a community built to last. That is what 116 Riverlands Avenue offers you - support for your daily life with room to grow.
Estimate your monthly payments for this property
Estimated Payment
$4,709.82/mo
Includes CMHC insurance ($25,612)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Markham
Markham is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Markham
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Markham offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
116 Riverlands Avenue, Markham
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $835/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Markham have shown strong appreciation as families seek more space.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,825 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.