43 Colchester Street, Markham

$1,200,000
43 Colchester Street

$1,200,000

New
2d
Detached2-Storey

43 Colchester Street, Markham

Total Monthly Obligation $5,668

Beds
4
Baths
4
Park
1
Sqft
1500-2000
DOM
2d
Score
15
Yield
3.2%
Cash on Cash
-9.6%
Cap Rate
2.5%
5Y IRR
8.1%
10Y IRR
8.8%
Property Type-Detached
MLS® Number-N14104036
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-30.04 × 104.99 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$5,427.06 (2026)
Parking-3 - Detached
Basement-Unfinished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX PRIME PROPERTIES
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Family Room
Pool-None
Facing-East
Exterior-Board & Batten
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-30-60
Neighbourhood-Cornell
Title-Residential Freehold

No agent assigned

What if your next home came with a little help paying the mortgage? Welcome to this charming detached home in Cornell, Markham, where comfort, versatility and income potential come together! A welcoming front porch leads into a bright and inviting interior featuring gleaming hardwood floors, a formal living and dining room, and a separate family room with a cozy fireplace. The spacious eat-in kitchen offers plenty of counter and storage space, with a walkout to the backyard deck-perfect for everyday living and entertaining. The main home features three spacious bedrooms and three bathrooms, along with a separate side entrance to the basement, offering exciting possibilities for additional living space or future income potential, subject to applicable approvals. But the real bonus? A self-contained coach house above the detached two-car garage! Complete with its own private entrance, one bedroom, a full bathroom, kitchen and laundry, this fully legal secondary suite is ideal for extended family, an in-law suite or a nanny-or an excellent opportunity to generate rental income. Step outside to enjoy a beautifully designed three-tier deck, interlocking patio, gas BBQ hookup and additional parking. Located in the heart of Cornell, you're close to parks, trails, schools, Markham Stouffville Hospital, Cornell Community Centre and Highway 407. Whether you're looking for a home that adapts to your family's needs or one with the potential to help offset your monthly expenses, this property offers a little something extra. A charming Cornell home with a hardworking bonus. Don't miss it!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$960,000
Land Transfer Taxes$20,475
Legal Fees (Est.)
$
Total cash required for closing$261,975

Total Monthly Obligation

$5,668/mo
Mortgage $4,840
Monthly Loss $4,394
Principal$1,274
Interest$3,567
Property Tax$452
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.0%
Returns Index
7.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,400/yr
NOI
$24,633/yr
Net Cash Flow
-$2,788/mo
Cash Margin
-87.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 43 Colchester Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.