16 Peony Street, Markham - Listed at $1,399,000. | Modern Solution Realty

16 Peony Street, Markham

16 Peony Street in Markham - 6 bedroom, 4 bathroom. Listed at $1,399,000.

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.

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 3250 sqft
  • Basement: Finished
  • Heating: Electric
  • Cooling: Central Air
  • Parking: 4 spaces
  • Property Taxes: $7,198.86/yr
  • Neighbourhood: Cornell
  • Postal Code: L6B 1K9

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