16 Peony St

LocationCornell, Markham, L6B 1K9
$1.399M For Sale
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Description

Two residences on one property, each separately metered, plus a finished basement offering potential for a third living space. The basement already includes a full bathroom, and the existing layout provides a practical, more cost-effective opportunity to create a dedicated separate entrance and potentially add a kitchen for an enclosed lower-level suite. Discover one of Cornell's most versatile properties-an exceptional multigenerational home offering over 4,000 sq. ft. of total livable space, including the finished basement, plus a separate custom-built 2-bedroom coach house above the detached garage. The main residence offers approximately 2,579 sq. ft. above grade with 4 spacious bedrooms, 3 bathrooms, generous principal rooms, hardwood floors, abundant natural light, and a bright, functional layout designed for both family living and entertaining. The standout feature is the approximately 750 sq. ft. detached 2-bedroom coach house-a rare and highly desirable addition offering exceptional flexibility for extended family, aging parents, adult children, a private home office, or rental income. It is currently leased to an excellent tenant for $1,800/month ($21,600 annually), with flexibility for the purchaser to assume the tenancy or obtain vacant possession in accordance with the terms of the sale and applicable requirements. Ideally located in sought-after Cornell, close to schools, Cornell Community Centre, Markham Stouffville Hospital, York University Markham Campus, parks, shopping, and GO/VIVA transit.

Features

  • House Facing
    Facing: East
  • Bedrooms
    Bedrooms: 6
  • Bathrooms
    Bathrooms: 4
  • Garages
    Garages: 2
  • Kitchens
    Kitchens: 2

Details

  • Front Lot
    Lot size: 35.57 x 105.46 Feet
  • Lot Depth
    Space: 3000-3500
  • Tax Amount
    Tax: $ 7198.86
  • MLS
    N13707046
  • Listing contracted with: CENTURY 21 ATRIA REALTY INC.
Room Size(M) Description
Kitchen3.35x6.10

Ceramic Floor, Open Concept

Family Rm4.88x3.66

Hardwood Floor, Open Concept

Dining Rm3.66x4.88

, Open Concept

Living Rm3.66x4.88

Hardwood Floor, Open Concept, Gas Fireplace

Primary B3.96x5.18

Laminate, Walk-In Closet(s)

2nd Br3.35x3.35

Laminate

3rd Br3.35x3.35

Laminate

4th Br3.96x3.05

Laminate

Living Rm3.51x5.64

Hardwood Floor, Open Concept

Primary B3.35x3.05

Hardwood Floor

2nd Br3.60x2.90

Hardwood Floor



Bathroom Pieces Level
1xBath2 pcs

Main

1xBath4 pcs

Second

1xBath5 pcs

Second

1xBath3 pcs

Upper



Property Summary

Located close to the intersection of 16th Ave and Ninth Line, 16 Peony St is a 6 bedrooms 4 washrooms Detached. The unit has a Double Detached Parking Spaces. The property has many nice features including Carpet Free and Auto Garage Door Remot. Kitchen, Family Room Rm, Dinning Room Rm and Living Room Rm are on the Main floor; Living Room Rm, Primary B and second bedroom are on the upper floor.

Local Area Profile

This property is located in a predominantly owner-occupied residential area with a mix of detached homes, townhouses and apartments and condominiums. Approximately 53% of residents hold a bachelor's degree or higher, while about 18% have a college credential. The large majority of local commuters travel by car.





School Information



Commute Information

GTA Go Train Mount Joy Go Train Station (2.4km) - Free Parking available, parking lots: 1322

Location





Community Overview

16 Peony St is at North West Corner of Cornell Community. Located in the northeast part of Markham, Cornell is bounded by Highway 407, Ninth Line, Donald Cousens Parkway, and Reesor Road. The area is mainly bordered by farmland and the Rouge River Valley, making it a natural and serene place to call home. The community's roots are surprisingly enjoyable, with its name derived from William Cornell, a Rhode Island resident related to the founder of Cornell University, Ezra Cornell. Additionally, many houses feature detached garages with laneway access, providing extra space and the potential for rental income. In past 3 months, 18 Detached homes were sold at average of $1.27M. Additionally, 49% of residents in this neighborhood are first-generation immigrants, while 32% are second-generation immigrants, contributing to the community's diversity. In 16 Peony St neighbourhood, you will find many residents are Chinese, East-Indian, Canadian, Filipino, and English. The station provides regular service to downtown Toronto and other parts of the GTA. The Centre boasts a modern library, state-of-the-art fitness facilities, and a multi-purpose gymnasium. The Main Street Markham shopping district, just a short drive south on Markham Road, features charming architecture, sidewalk cafes, and a variety of unique shops and boutiques. Lastly, Cornell is considered a safe and secure community, with many wellness clinics and the Markham Stouffville hospital conveniently across the southern border. Cornell is an excellent neighborhood with great homes, parks, schools, and amenities, making it an excellent place for anyone seeking a diverse and communal living experience.


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