34 Pike Lane, Markham

$918,900
34 Pike Lane

$918,900

New
2d
Semi-Detached 2-Storey

34 Pike Lane, Markham

Total Monthly Obligation $4,443

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
2d
Score
17
Yield
4.0%
Cash on Cash
-6.2%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Semi-Detached
MLS® Number-N14102990
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-23.62 × 101.71 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Semi-Detached
Age-6-15
Taxes-$4,337 (2026)
Parking-3 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE IGNITE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Cornell
Title-Residential Freehold

No agent assigned

Welcome to 34 Pike Lane! Beautifully refreshed and move-in ready, this stunning all-brick semi-detached home offers 1,734 sq. ft. of above-grade living space in Markham's highly sought-after Cornell community. Featuring 3 spacious bedrooms, 3 bathrooms, and a bright, functional layout, this home has undergone nearly $15,000 in recent improvements, including new engineered hardwood flooring throughout the upper level, updated baseboards, fresh paint throughout, smooth ceilings in select areas, and two newly installed bathroom vanities. The inviting main floor features a spacious living and dining area with elegant columns, pot lights, and hardwood flooring, complemented by a separate family room perfect for relaxing or entertaining. An elegant staircase with decorative wrought-iron-style spindles adds character and sophistication to the home's interior. The bright eat-in kitchen offers stainless steel appliances, ample cabinetry, a stylish backsplash, and a walkout to the backyard. Upstairs, the generously sized primary bedroom features a walk-in closet and a 4-piece ensuite with a soaker tub, while two additional bedrooms offer comfortable living spaces, including a charming third bedroom with a cathedral ceiling and beautiful arched window. Both upper-level bathrooms feature refreshed vanities and modern finishes. The full unfinished basement offers excellent potential for future customization, additional living space, or storage. Enjoy the convenience of a detached double-car garage with rear-lane access and parking for three vehicles in total. Ideally situated in a family-friendly neighbourhood close to parks, schools, shopping, public transit, and everyday amenities. Combining thoughtful updates, timeless architectural details, and a desirable location, this beautifully maintained home presents an exceptional opportunity to own in one of Markham's most welcoming communities!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$735,120
Land Transfer Taxes$14,853
Legal Fees (Est.)
$
Total cash required for closing$200,133

Total Monthly Obligation

$4,443/mo
Mortgage $3,707
Monthly Loss $3,468
Principal$975
Interest$2,731
Property Tax$361
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.2%1
5-Year IRR
7.6%21
10-Year IRR
8.7%
Returns Index
11.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$36,900/yr
NOI
$24,373/yr
Net Cash Flow
-$1,676/mo
Cash Margin
-54.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
19.3/ 100

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

Comparables

Properties near 34 Pike Lane

Time

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