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$1,350,000Asking Price

43 Colchester Street, Markham, ON L6B 1K4

Cornell, Markham

Detached
3 + 1
Bedrooms
4
Baths
3
Parking
Days on Market

Exceptional Income-Generating Detached Home with Coach House in Prestigious Cornell, Markham! A rare investment opportunity offering multiple income-generating possibilities. This beautifully maintained detached home features a fully self-contained coach house, ideal for homeowners seeking strong rental income, a valuable mortgage helper, multigenerational living, or flexible dual-living arrangements. Situated on a premium lot with parking for 3 vehicles (double garage + 1 driveway), this remarkable property offers approximately 2,000 sq. ft. (Main +Coach) living space, plus additional income potential from the coach house and future basement development.The property features 9-ft ceilings, a bright open-concept layout, elegant finishes, and spacious living and dining areas centered around a cozy fireplace. Enjoy a large front porch veranda and a professionally designed 3-tier deck with interlocking brick patio and gas BBQ hookup at the backyard for entertainment and gatherings. Offering 4 spacious bedrooms and 4 bathrooms (3 in main house, 1 in coach house), this home is ideal for growing families. Additional highlights include a large cold cellar with unfinished basement, ready for future customization. With minor modifications, the existing separate entrance can provide private basement access, creating potential for an additional income-producing suite.The fully self-contained coach house features its own private entrance, kitchen, bathroom, laundry, and separate living space-perfect for extended family/ for stable income generation. Projected rental income of approximately $1,700-$1,800/month makes it an excellent mortgage helper.Includes a full set of appliances for both the main house and coach house. Ideally located near top-ranking schools, parks, trails, Markham Stouffville Hospital, Cornell Community Centre, Mount Joy GO Station, and Highway 407. An excellent opportunity of investment with remarkable returns.

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Exceptional Income-Generating Detached Home with Coach House in Prestigious Cornell, Markham! A rare investment opportunity offering multiple income-generating possibilities. This beautifully maintained detached home features a fully self-contained coach house, ideal for homeowners seeking strong rental income, a valuable mortgage helper, multigenerational living, or flexible dual-living arrangements. Situated on a premium lot with parking for 3 vehicles (double garage + 1 driveway), this remarkable property offers approximately 2,000 sq. ft. (Main +Coach) living space, plus additional income potential from the coach house and future basement development.The property features 9-ft ceilings, a bright open-concept layout, elegant finishes, and spacious living and dining areas centered around a cozy fireplace. Enjoy a large front porch veranda and a professionally designed 3-tier deck with interlocking brick patio and gas BBQ hookup at the backyard for entertainment and gatherings. Offering 4 spacious bedrooms and 4 bathrooms (3 in main house, 1 in coach house), this home is ideal for growing families. Additional highlights include a large cold cellar with unfinished basement, ready for future customization. With minor modifications, the existing separate entrance can provide private basement access, creating potential for an additional income-producing suite.The fully self-contained coach house features its own private entrance, kitchen, bathroom, laundry, and separate living space-perfect for extended family/ for stable income generation. Projected rental income of approximately $1,700-$1,800/month makes it an excellent mortgage helper.Includes a full set of appliances for both the main house and coach house. Ideally located near top-ranking schools, parks, trails, Markham Stouffville Hospital, Cornell Community Centre, Mount Joy GO Station, and Highway 407. An excellent opportunity of investment with remarkable returns.

Key Info

  • 2-Storey Detached
  • 1-Car Driveway
  • 2-Car Detached Garage
  • 16th Ave and Buroak Ave
  • 2000-2500 Approximate Sq Feet
  • 16-30 Years Approximate Age
  • Unfinished Basement
  • 2 + 1 Kitchens
  • Forced Air Gas Heating
  • Central Air

Property

  • Lot Size 30.04 x 104.99 Feet
  • Vinyl Siding Exterior
  • No Waterfront Access
  • Taxes were $5,427 in 2026
  • Possession: Immidiate

Details

  • Fireplace
  • No Family Room
  • Sewers
  • Municipal Water
  •  
  • MLS #N13506900
  • KELLER WILLIAMS COMPLETE REALTY

Extras

Room Floor Dimensions Details
1 Kitchen Ground 18.24' x 10.07' Eat-in Kitchen, Ceramic Floor, Walkout To Deck
Washroom3 3-Piece Bathrooms
Washroom1 2-Piece Bathroom on Ground Floor

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.

Markham  (1.3)
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.

Markham  ($134K)
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

China was once home to 11.0% of immigrants.
Hong Kong 9.3%
India 7.2%
Sri Lanka 5.3%
Philippines 4.2%

11.0% from China
All-time

Birthplace - Recent

China was once home to 3.5% of immigrants.
Hong Kong 2.1%
India 1.3%
Philippines 1.1%
Sri Lanka 0.9%

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%