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.
4 bedrooms, 1 bathroom, about 1,500 sq ft, works out to roughly $592 per square foot. Chat with Zara if you'd like a deeper read on whether this townhouse fits your budget and timing.
Inside 55 Mikayla Lane
Every detail from the listing, in one place.
Type
Townhouse
Style
3-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Att/Row/Townhouse
55 Mikayla Lane Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13506302$888,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 55 Mikayla Lane Compares to the Markham Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,362
/mo
based on the purchase price of $888,000
$177,600 cash
$710,400 financed
$598,343 total interest
Principal54%$710,400
Interest46%$598,343
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Markham
Other 3–4 bed homes for sale in Markham around $888K.
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio99.3%On average, homes sold below asking.
Active listings1,495Homes for sale here right now.
Median vs prior 90 days+2.4%Compared with May 5 – Aug 3, 2026: prices up.
Based on 1,279 sales from Aug 3 – Nov 1, 2026 (840 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
55 Mikayla Lane is listed at $888,000 (MLS® N13506302). Summitly updates the price as soon as the MLS® record changes.
Is $888,000 a good price for 55 Mikayla Lane?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Markham. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 55 Mikayla Lane changed?
No — 55 Mikayla Lane is still listed at its original asking price of $888,000.
How many bedrooms and bathrooms does 55 Mikayla Lane have?
55 Mikayla Lane has 4 bedrooms and 1 bathroom, with about 1,500–2,000 square feet of living space. It is a townhouse in Markham.
Is 55 Mikayla Lane close to transit?
The nearest rapid-transit station is Markham GO Station (Stouffville GO), about 3.8 km in a straight line. Mount Joy GO Station is about 4.2 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 55 Mikayla Lane?
About $4,362 a month — principal and interest on $888,000 with 20% down ($177,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 55 Mikayla Lane compare with other homes in Markham?
Its asking price of $888,000 is about 19% below the median sold price in Markham over the last 90 days, $1,098,000, across 1,279 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 55 Mikayla Lane been sold before?
Summitly has no earlier MLS® sale or lease of 55 Mikayla Lane on record from the last two years. Older records aren't shown under TRREB rules.
Where is 55 Mikayla Lane?
55 Mikayla Lane is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Mikayla Lane been on the market?
125 days — 55 Mikayla Lane was listed on June 29, 2026.
What is the price per square foot of 55 Mikayla Lane?
About $444 to $592 per square foot: the asking price of $888,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 55 Mikayla Lane have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
