81 Pearl Lake Rd, Markham - Double Garages Detached Home

81 Pearl Lake Rd

LocationCornell, Markham, L6B 0X6
$1.298M For Sale
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Description

Welcome to 81 Pearl Lake Rd, Newly Renovated Luxury 4 +1 Bedrooms Double Garage Detach Home In The Highly Sought-After Cornell Community. Offering Approximately 2,915 sq. ft. Of Above-grade Living Space Plus An Additional 1,308 sq. ft. Of Professionally Finished Basement, This Spacious Home Combines Elegance, Comfort, And Functionality. 2 Car Detached Garage Pus 1 Carpark outdoor. Featuring a Grand Double-door Entrance And Covered Front Porch, A Stunning 20-ft Cathedral Ceiling In The Family Room, 9 Ft Ceilings On Main Floor ,Pot Lights & Hardwood Floor Throughout Main & 2nd Floor, Modernized Kitchen With High-End Stainless Steel Appliances (Fridge not included in Main Floor). The Expansive Primary Bedroom Features a Large Walk-in Closet, a Luxurious 5-Piece Ensuite With a Glass-enclosed Shower, A Private Retreat Area, And a Cathedral Ceiling. The Bright Second Bedroom Boasts Its Own 4-Piece Ensuite With Large Windows & Closet. The Professionally Finished Basement Offers Additional Living Space, Including One Spacious Bedroom, A Kitchen, A Full Bathroom, And High-end Vinyl Flooring Throughout, Along With a Secondary Kitchen And Laundry area (Washer and dryer are excluded). Great Location: Steps To School, Cornell Community Centre, Parks, Top-Rated Schools, Markham Stouffville Hospital, Public Transit, Shopping, And Major Highways. Must See!

Features

  • House Facing
    Facing: South
  • Bedrooms
    Bedrooms: 4
  • Bathrooms
    Bathrooms: 5
  • Garages
    Garages: 2
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 36.12 x 82.10 Feet
  • Lot Depth
    Space: 2500-3000
  • Tax Amount
    Tax: $ 7272.60
  • MLS
    N14109556
  • Listing contracted with: FIRST CLASS REALTY INC.
Room Size(M) Description
Living Rm6.40x3.35

Combined w/Dining

Kitchen3.65x3.32

Ceramic Floor, Pot Lights, Stainless Steel Appl

Dining Rm6.40x3.35

Hardwood Floor, Pot Lights, Overlooks Frontyard

Family Rm4.88x4.39

Hardwood Floor, Gas Fireplace, Window Floor to Ceil

Breakfast3.65x3.35

Ceramic Floor, Overlooks Backyard, W/O To Garden

Den3.66x3.05

Hardwood Floor, Open Concept, Overlooks Family

Primary B5.42x4.20

Hardwood Floor, 5 Pc Ensuite, East View

2nd Br3.35x3.05

Hardwood Floor, 4 Pc Ensuite, South View

3rd Br3.54x3.05

Hardwood Floor, B/I Closet, South View

4th Br3.35x3.14

Hardwood Floor, Large Closet, Large Window

5th Br0.00x0.00

Vinyl Floor

Kitchen0.00x0.00

Vinyl Floor, Pot Lights



Bathroom Pieces Level
1xBath2 pcs

Main

1xBath4 pcs

Second

1xBath4 pcs

Second

1xBath3 pcs

Second

1xBath4 pcs

Basement



Property Summary

Located close to the intersection of Hwy 7 and Donald Cousens Pwky, 81 Pearl Lake Rd is a 4+1 bedrooms 5 washrooms Detached. The unit has a Double Attached Parking Spaces. The property basement is not finished. The property has many nice features including Water Softener, Built-In Oven and Carpet Free. Living Room Rm, Kitchen, Dinning Room Rm, Family Room Rm and Breakfast Room are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 8.8% compared with the same period last year.

Rent levels have increased 5.4% compared with the same period last year.

Recent Comparable Value Range
$1,200,000 – $1,440,000
Recent 6-Month Rent Range
$3,800 – $3,950/month

How This Home Compares

Market Temperature
Balanced Market
Strong SellerSellerBalancedBuyerStrong Buyer
Supply and recent sales are relatively balanced for similar homes.
Typical Selling Time
27 Days
Similar homes are selling in about 27 days, slower than the same period last year.
Price Position
In Line
The asking price is broadly in line with the estimated value of comparable homes.

Local Area Profile

This property is located in a predominantly owner-occupied residential area with a mix of detached homes and townhouses. Approximately 50% of residents hold a bachelor's degree or higher, while about 20% have a college credential. The large majority of local commuters travel by car.





School Information



Location





Community Overview

81 Pearl Lake Rd is at the Heart 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, 14 Detached homes were sold at average of $1.23M. Additionally, 49% of residents in this neighborhood are first-generation immigrants, while 32% are second-generation immigrants, contributing to the community's diversity. In 81 Pearl Lake Rd neighbourhood, you will find many residents are Chinese, Filipino, East-Indian, Hong Konger, and Sri Lankan. 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. CF Markville on Highway 7 features a wide range of retail and big-box stores for those seeking larger shopping venues.

Cornell residents have access to excellent healthcare facilities besides shopping. 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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