$939,900 - 118 Riverlands Avenue, Markham
Townhouse for Sale in Markham
131 days on market- MLS Number
- N12758706
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 131
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- ROYAL LEPAGE RCR REALTY
This stylish, meticulously maintained and upgraded 3bdrm Freehold Townhome with 9' ceiling, fenced backyard and back garage with additional parking space is conveniently located in the vibrant and desirable Cornell community. It is within steps to numerous amenities including hospital, daycare, community centre and public transportation. The main floor features soaring 9' ceilings with an open concept Dining and Living Room with hardwood flooring and a large Bay window offering multiple windows. The sparkling Kitchen with breakfast bar and breakfast area overlooks the family room and offers a convenient walk-out to the fenced groomed backyard with patio and walkway to the garage and extra parking space. The upper level presents a primary bedroom with luxuriously renovated 3-piece ensuite with fabulous large shower, walk-in closet, hardwood flooring and a large bay window offering multiple windows. The two additional bedrooms share a full 4-piece bath and offer hardwood floors, closets and large picture windows. The unspoiled basement with a dedicated laundry area offers a canvas for many possibilities such as a recreation room, home gym, bedroom, bath and/or office. This spotless and exceptionally maintained home is perfectly situated in a desirable and sought after community. It is conveniently just moments away from the Cornell Community Centre, Markham Stouffville Hospital, daycare and scenic trails along the Rouge River. Commuters will love the unparalleled convenience with easy access to Highway 407, Highway 7, and nearby GO Transit for seamless travel across the GTA
Estimate your monthly payments for this property
Estimated Payment
$4,822.17/mo
Includes CMHC insurance ($26,223)
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.
118 Riverlands Avenue, Markham
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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 $854/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.
Negotiation Opportunity
At 131 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $3,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.