MLS® listing
55 Mikayla Lane: townhouse for sale
$888,000
From the listing brokerage
2024 Built Freehold Luxury 4 Bdrm Townhome In Highly Desirable Cornell, Markham! Functional Floorplan (Approx.1620 Sqft) w/Lots of Natural Sunlight, 9' Ceiling, hardwood flooring on 2nd Fl and 2 Good Size Balconies. Modern Kitchen w/SS Appliances, Quartz Countertop, Stylish Backsplash & Centre Island w/Breakfast Bar. The Bright And Inviting Living And Dining Areas Are Perfect For Both Everyday Living And Entertaining. Primary Bedroom w/ A Spa-Inspired Ensuite Bath and a Walk Out Balcony. Two Additional Bedrooms And A Full Bathroom Provide Ample Space For Family And Guests. Direct Access to Garage. Close to 407/ Community Center/Supermarket/Shops/Restaurants/Markham Stouffville Hospital & Cornell Bus terminal. Great Opportunity for Self Use or Investment. Please note, some of these photos are virtually staged.
Facts on the listing
| Square feet | 1500-2000 |
|---|---|
| Approximate age | New |
| Style | 3-Storey |
| Basement | Full, Unfinished |
| Lot width | 14.76 |
| Lot depth | 98.43 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 2 |
| Garage | Attached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $3,967 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | Other |
| Features | Hospital, Library, Park, Public Transit, Rec./Commun.Centre, School |
Listing courtesy of CENTURY 21 HERITAGE GROUP LTD.. MLS® N13506302.
About this townhouse
55 Mikayla Lane is a 4 bedroom townhouse in TRREB's Cornell community in Markham, listed for sale at $888,000. The listing shows 2 bathrooms and 1500-2000 square feet. The lot is listed as 14.76 by 98.43 feet. It comes with 2 parking spaces according to the listing. The garage is listed as attached. The nearest main intersection given is Hwy 7/Donald Cousens Pkwy. The approximate age on the listing is New.
These details come from the listing brokerage through TRREB's MLS® System and are not guaranteed. Measurements, parking and what is included should be checked at a showing and written into the agreement of purchase and sale.
What it costs to buy 55 Mikayla Lane
At the asking price of $888,000, a buyer in Markham pays Ontario land transfer tax on closing. The City of Toronto is the Ontario municipality that charges a municipal land transfer tax of its own, so there is no second tax here.
| Asking price | $888,000 |
|---|---|
| Ontario land transfer tax | $14,235 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $63,800 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The tax is worked out at the published rates for a home with one or two single family residences and your lawyer confirms the final amount. Legal fees, title insurance and adjustments are extra: our closing costs guide lists them. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $3,967 a year, about $331 a month |
|---|
That is before a mortgage payment, home insurance and utilities. These are the figures on the listing, so check the current tax bill before you rely on them.
How the asking price compares
TRREB's Market Watch recorded 30 freehold townhouse sales in Markham in September 2026, at a median of $918,490 and an average of $977,959. This home is listed at $888,000, which is $30,490 below that median.
A city-wide median covers every size, age and neighbourhood, so it is a reference point and not a valuation of this home. Lot, size, condition and location all move the price. Our September 2026 market report and our Markham house prices page have the figures for each home type.
What to check before you make an offer
- Book a home inspection. An inspection looks at the parts of a house you cannot judge at a showing. Our guide explains what a home inspection covers and misses.
- Ask for the survey. The listing gives the lot as 14.76 by 98.43 feet. If the seller has a survey, check the lot lines, fences and any easements against it.
- Confirm what stays. Have the appliances, fixtures and any rented equipment written into the offer.
- Confirm the parking. The listing shows 2 parking spaces.
- Get your financing in writing. A lender looks at the property tax as well as the price.
- See it in person. photos do not show noise, light at different hours or the condition of the roof, the basement and the yard.
Our page on buying a home in Markham sets out the steps in order. This is general information, not legal advice. Confirm the details with a lawyer.
About Cornell
A planned new urbanist community in east Markham built on a grid, with front porches, rear lane garages and a hospital at its edge.
Transit: Cornell Bus Terminal on Highway 7, Viva bus rapid transit, Markham GO a short drive west
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $977,000 | 40 sales, average $971,202 |
| Detached | About $1,240,000 | 13 sales, average about $1,269,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $959,000 | 15 sales, average about $945,000 |
| Condo townhouse | About $620,000 | 9 sales, average about $666,000 |
Figures from TRREB's community housing market report, as listed in our Cornell guide.
Questions about Cornell
What is a rear lane garage and does it matter?
Your garage opens onto a lane behind the house instead of the street. It makes the streetscape far more attractive and it means winter snow clearing on that lane is your job. Some people love it, some find it a daily annoyance.
Is Cornell a good place for a first home?
It is one of the better options in Markham. Townhome stock is plentiful, the housing is newer so maintenance is lower and the grid layout makes the neighbourhood easy to get around on foot.
How is the commute downtown?
Most people drive west to a GO station or use the Highway 7 rapid transit corridor. Cornell is on the eastern edge of the city, so the commute is longer than from Unionville or Milliken Mills.
Does living near the hospital cause noise?
Ambulance traffic is a genuine consideration on the streets closest to the hospital. It is not a problem across the whole neighbourhood. Visit the specific street at different times before you decide.
Are the lots small?
Generally yes. The trade-off in a new urbanist plan is less private yard for more public street life and green space. If a big back yard is your priority, look at Markham Village or Angus Glen.
Is there much resale supply?
Cornell has a lot of near identical plans, which makes pricing unusually transparent and makes standing out as a seller harder. Presentation matters more here than in most Markham neighbourhoods.
Read the Cornell neighbourhood guide · All Cornell homes for sale
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Questions about 55 Mikayla Lane
How much is land transfer tax on 55 Mikayla Lane?
At the asking price of $888,000 the Ontario land transfer tax is $14,235. Markham has no municipal land transfer tax. A first-time buyer who qualifies can get up to $4,000 back. Confirm the final figure with your lawyer.
What is the minimum down payment for 55 Mikayla Lane?
$63,800 at the asking price of $888,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 55 Mikayla Lane?
The listing shows $3,967 a year for 2026, about $331 a month.
Is 55 Mikayla Lane priced above or below the Markham median?
It is listed at $888,000. TRREB's September 2026 median for freehold townhouse sales in Markham was $918,490 across 30 sales, so the asking price is $30,490 lower. The median covers every size and neighbourhood.
How do I book a showing for 55 Mikayla Lane?
Use the form on this page or call us. Quote MLS® N13506302. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 55 Mikayla Lane still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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