$1,195,000
For sale: Townhouse

Live, Work & Invest in the Heart of Markham's Sought-After Cornell Community! An exceptional opportunity offering unmatched versatility, income potential, and flexibility! This freehold live-work townhouse on Bur Oak Avenue is currently configured as two separate units, presenting endless possibilities. Rent out both units for dual rental income, live in one while renting out the other, or explore the opportunity to operate your business right from home!The tastefully renovated upper-level residence features 3 spacious bedrooms and 2 full bathrooms, an open-concept kitchen with centre island, and a bright living area leading to a spacious walk-out deck. The third-floor primary retreat offers a walk-in closet, private balcony, and 4-piece ensuite.The ground level boasts impressive 10-foot ceilings, wall-to-wall windows, and a flexible layout, currently configured as a bright 1-bedroom, 1-bathroom unit complete with a full kitchen. With potential for conversion to commercial space, the possibilities are endless! Each unit enjoys its own separate laundry, offering added convenience and independence. Complete with a double-car garage with direct ground-floor access and additional driveway parking.Proudly cared for by the same owners for the past 20 years, this property is ideally situated just steps from Cornell Community Park, Bill Hogarth Secondary School, Cornell Community Centre & Library, Markham Stouffville Hospital, shopping, and convenient access to Highways 7 and 407.Whether you're an investor, homeowner, or entrepreneur, this rare property offers the freedom to make it your own. Live in it, lease it, work from it, or do all three! A truly unique opportunity in one of York Region's most desirable communities.
Sold data
Homes in Cornell took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 47, across 62 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.
The median sale price was $944,000.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 26% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 62 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Markham (Cornell) has 95 Fraser Institute–rated schools (76 elementary and 19 secondary), averaging 7.9/10.
School ratings from the Fraser Institute's Ontario school report cards.
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