2798 Donald Cousens Parkway, Markham

Price: $1,190,000

5 bedrooms, 5 bathrooms

2,000 - 2,499 sqft

Property Type: Multi-Family

MLS#: N12730786

Stylishly renovated detached home with double garage in the heart of Upper Cornell! This beautiful 4-bedroom plus den home features a modern open-concept layout with 9' ceilings on the main floor and a two-sided gas fireplace connecting the family and dining rooms. The upgraded kitchen showcases tall cabinets, quartz counter tops, and stainless-steel appliances, with a walk-out to the backyard from the breakfast area. The spacious primary bedroom includes a 5-pc ensuite with a soaker tub and a walk-in closet. The second-floor den offers a perfect space for an office or guest room, while the third floor features an additional 4-pc bath and walk-in linen closet. The home has been fully renovated from top to bottom with new flooring, lighting,and contemporary finishes throughout - move in and enjoy a fresh, modern look! Conveniently located near schools, hospital, parks, pond, and Hwy 407. A rare opportunity to own a truly turn-key home in a family-friendly community!

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$1,190,000 - 2798 Donald Cousens Parkway, Markham

Multi-Family for Sale in Markham

137 days on market
5Beds
5Baths
2,000 - 2,499Sq Ft
Multi-Family
Property Details
MLS Number
N12730786
Property Type
Multi-Family
Status
active
Days on Site
137
Bedrooms
5
Bathrooms
5
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Markham
Lot Size
3,100 sqft
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Stylishly renovated detached home with double garage in the heart of Upper Cornell! This beautiful 4-bedroom plus den home features a modern open-concept layout with 9' ceilings on the main floor and a two-sided gas fireplace connecting the family and dining rooms. The upgraded kitchen showcases tall cabinets, quartz counter tops, and stainless-steel appliances, with a walk-out to the backyard from the breakfast area. The spacious primary bedroom includes a 5-pc ensuite with a soaker tub and a walk-in closet. The second-floor den offers a perfect space for an office or guest room, while the third floor features an additional 4-pc bath and walk-in linen closet. The home has been fully renovated from top to bottom with new flooring, lighting,and contemporary finishes throughout - move in and enjoy a fresh, modern look! Conveniently located near schools, hospital, parks, pond, and Hwy 407. A rare opportunity to own a truly turn-key home in a family-friendly community!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,263.77/mo

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5%20%50%

5-yr fixed avg.

Principal: $952,000Interest: $627,131
Mortgage Amount$952,000
Total Interest$627,131
Est. Property Tax$843/mo
Total Cost$1,579,131

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.

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Neighbourhood Guide: Markham

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

2798 Donald Cousens Parkway, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$843
Insurance (est.)-$248
Net Cash Flow+$2,609

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $595/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 137 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.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Markham.

Bathroom Count Matters

With 5 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 $4,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    2798 Donald Cousens Parkway, Markham | $1,190,000 | Battaglia Team