MLS® listing
81 Pearl Lake Road: detached house for sale
$1,298,000
From the listing brokerage
Welcome to 81 Pearl Lake Rd, Newly Renovated Luxury 4 +1 Bedrooms Double Garage Detach Home In The Highly Sought-After Cornell Community. Offering Approximately 2,915 sq. ft. Of Above-grade Living Space Plus An Additional 1,308 sq. ft. Of Professionally Finished Basement, This Spacious Home Combines Elegance, Comfort, And Functionality. 2 Car Detached Garage Pus 1 Carpark outdoor. Featuring a Grand Double-door Entrance And Covered Front Porch, A Stunning 20-ft Cathedral Ceiling In The Family Room, 9 Ft Ceilings On Main Floor ,Pot Lights & Hardwood Floor Throughout Main & 2nd Floor, Modernized Kitchen With High-End Stainless Steel Appliances (Fridge not included in Main Floor). The Expansive Primary Bedroom Features a Large Walk-in Closet, a Luxurious 5-Piece Ensuite With a Glass-enclosed Shower, A Private Retreat Area, And a Cathedral Ceiling. The Bright Second Bedroom Boasts Its Own 4-Piece Ensuite With Large Windows & Closet. The Professionally Finished Basement Offers Additional Living Space, Including One Spacious Bedroom, A Kitchen, A Full Bathroom, And High-end Vinyl Flooring Throughout, Along With a Secondary Kitchen And Laundry area (Washer and dryer are excluded). Great Location: Steps To School, Cornell Community Centre, Parks, Top-Rated Schools, Markham Stouffville Hospital, Public Transit, Shopping, And Major Highways. Must See!
Facts on the listing
| Square feet | 2500-3000 |
|---|---|
| Approximate age | 6-15 |
| Style | 2-Storey |
| Basement | Full |
| Lot width | 36.12 |
| Lot depth | 82.1 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 4 |
| Garage | Attached |
| Heating | Forced Air |
| Kitchens | 2 |
| Rooms | 10 |
| Property tax | $7,273 |
| Tax year | 2026 |
| Parking | Other |
| Interior features | Carpet Free, Built-In Oven, Water Softener |
| Features | Lake/Pond, Library, Park, Rec./Commun.Centre, Hospital, School |
Listing courtesy of FIRST CLASS REALTY INC.. MLS® N14109556.
About this detached house
81 Pearl Lake Road is a 5 bedroom detached house in TRREB's Cornell community in Markham, listed for sale at $1,298,000. The listing shows 5 bathrooms and 2500-3000 square feet. The lot is listed as 36.12 by 82.1 feet. It comes with 4 parking spaces according to the listing. The garage is listed as attached. The nearest main intersection given is Hwy 7/ Donald Cousens Pwky. The approximate age on the listing is 6-15 years.
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 81 Pearl Lake Road
At the asking price of $1,298,000, 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 | $1,298,000 |
|---|---|
| Ontario land transfer tax | $22,435 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $104,800 |
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) | $7,273 a year, about $606 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 108 detached sales in Markham in September 2026, at a median of $1,381,500 and an average of $1,534,139. This home is listed at $1,298,000, which is $83,500 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 36.12 by 82.1 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 4 parking spaces.
- Get your financing in writing. A lender looks at the property tax as well as the price.
- See it in person. The listing has a virtual tour, but 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 | $947,500 | 74 sales, average $956,848 |
| Detached | About $1,278,000 | 21 sales, average about $1,255,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $892,000 | 21 sales, average about $915,000 |
| Condo townhouse | About $605,000 | 10 sales, average about $616,000 |
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 81 Pearl Lake Road
How much is land transfer tax on 81 Pearl Lake Road?
At the asking price of $1,298,000 the Ontario land transfer tax is $22,435. 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 81 Pearl Lake Road?
$104,800 at the asking price of $1,298,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 81 Pearl Lake Road?
The listing shows $7,273 a year for 2026, about $606 a month.
Is 81 Pearl Lake Road priced above or below the Markham median?
It is listed at $1,298,000. TRREB's September 2026 median for detached sales in Markham was $1,381,500 across 108 sales, so the asking price is $83,500 lower. The median covers every size and neighbourhood.
How do I book a showing for 81 Pearl Lake Road?
Use the form on this page or call us. Quote MLS® N14109556. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 81 Pearl Lake Road still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn, this address goes to the neighbourhood guide. Where this site has no guide for that community, the page says the home has sold. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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