$1,399,000Asking Price
16 Peony Street, Markham, ON L6B 1K9
Cornell, Markham
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.
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.
See MoreKey Info
- 2-Storey Detached
- 2-Car Driveway
- 2-Car Detached Garage
- 16th Ave and Ninth Line
- 3000-3500 Approximate Sq Feet
- 16-30 Years Approximate Age
- Finished Basement
- 2 Kitchens
- Forced Air Electric Heating
- Central Air
Property
- Lot Size 35.57 x 105.46 Feet
- Brick Exterior
- Taxes were $7,198 in 2025
- Possession: Flexible
Details
- Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #N13707046
- CENTURY 21 ATRIA REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 10.97' x 20.01' | Ceramic Floor, Open Concept |
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 5-Piece Bathroom | |||
| 1 3-Piece Bathroom on Upper | |||
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Who lives here?
Cornell, Markham is a north GTA neighbourhood notable for its university grads, executives, business, science and education, law & public sector professionals and salespeople. It has a higher than average population of immigrants from Hong Kong, India and Sri Lanka, and Tamil speakers. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 15 to 19 and adults aged 30 to 49.
Families
Kids Per Family
1.4
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
35%
of residents are
single and loving it.
35% singles
Markham (39%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
12%
of residents
are renters.
12% renters
Markham (15%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
49%
of residents are
university grads.
49% university grads
Markham (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$132K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 15% |
| Business | 13% |
| Sciences | 10% |
| Government | 9% |
| Management | 9% |
Immigrants
53%
of residents were
born outside of Canada.
53% immigrants
Markham (60%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
11.0% from China
All-time
Birthplace - Recent
3.5% from China
Recent
Foreign Languages
Foreign Languages
| Cantonese | 21% |
| Mandarin | 8% |
| Tamil | 6% |
| Urdu | 3% |
| Tagalog | 3% |
Religions
Religions
| Christian | 48% |
| Hindu | 13% |
| Muslim | 7% |
| Buddhist | 3% |
