5 Oakmoor Lane

Cornell, Markham, L6B 0B3
FOR SALE
$1,998,800
5 Oakmoor Lane, Markham
5 Oakmoor Lane
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4 + 2
BEDROOMS
6
BATHROOMS
1 + 2
KITCHENS
9 + 7
ROOMS
N9385636
MLSID
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Property Description
Welcome to this stunning, rarely available home, ideally located across from a beautiful park and overlooking a premium ravine lot with scenic walking trails. This property seamlessly blends luxury, nature, and convenience, just minutes from top-rated schools, a community center, a hospital, and easy access to transit and highways. Step inside to find elegant crown molding and pot lights, along with a gourmet kitchen every chef dreams of. This home features a double car garage, two additional parking spots, four spacious bedrooms, a main floor office perfect for remote work, three bathrooms, and a self-contained one-bedroom coach house, ideal for flexible living. With multiple income opportunities, the coach house has a private entrance and dedicated parking, making it great for an in-law suite or rental. The finished basement includes a separate entrance, kitchen, and living area, enhancing rental potential. Additionally, a 10 KW solar panel system with a microfit contract paying 39.60/kWh will transfer to new owners, providing extra income. Over 250K in upgrades, Roof Shingles (2020) Solar Inverter Upgrade (2020) Hardwood on Main & Second Floor (2022) Custom TV Wall (2023) Porcelain tiles (2023) Custom Kitchen (2023) with quartz countertops (matching backsplash) Newly installed outdoor Pot light (2023) Upgraded/renovated Washrooms & Powder room with quartz countertop (2023) laundry room (2023). This home is a fantastic choice for families or investors. Don't miss this incredible opportunity for luxury living with income potential!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-27 2024-10-07 10 $2,260,000 - Terminated
Nearby Intersections
Property Features
Fenced Yard, Hospital, Park, Ravine, Rec Centre, School Bus Route
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
43' x 110'
Fronting
East
Taxes
$7,287 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
LivingMain10.99' x 10.99'Hardwood Floor, Pot Lights, Open Concept
DiningMain11.98' x 11.98'Hardwood Floor, Pot Lights, Crown Moulding
KitchenMain10.99' x 11.98'Hardwood Floor, Pot Lights, Crown Moulding
FamilyMain14.99' x 15.81'Hardwood Floor, Gas Fireplace, Crown Moulding
Prim Bdrm2nd15.98' x 15.98'Hardwood Floor, 4 Pc Ensuite, W/I Closet
2nd Br2nd14.21' x 10.99'Hardwood Floor, Pot Lights, Double Closet
3rd Br2nd10.99' x 16.11'Hardwood Floor, Pot Lights, Double Closet
4th Br2nd10.99' x 10.99'Hardwood Floor, Pot Lights, Closet
KitchenBsmt10.99' x 10.01'Laminate, Pot Lights, Window
LivingBsmt14.01' x 10.99'Laminate, Pot Lights, Window
LivingUpper10.89' x 10.01'Laminate, Pot Lights, Window
KitchenUpper10.99' x 8.40'Laminate, Pot Lights, Window
Markham Market Statistics
Markham Price Trend
5 Oakmoor Lane is a 4-bedroom 6-bathroom home listed for sale at $1,998,800, which is $346,253 (21.0%) higher than the average sold price of $1,652,547 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 4 bedroom home in Markham declined by $5,393 (0.3%) compared to the previous 30 day period (September 1 - September 30) and down $67,506 (3.9%) from the same time one year ago.
Inventory Change
There were 187 4-bedroom homes listed in Markham over the last 30 days (October 1 - October 30), which is down 18.7% compared with the previous 30 day period (September 1 - September 30) and up 8.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Markham typically sold ($1,304) (0.1%) below asking price over the last 30 days (October 1 - October 30), which represents a $5,952 decrease compared to the previous 30 day period (September 1 - September 30) and $41,077 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Markham over the last 30 days (October 1 - October 30) stood at 46.5%, up from 36.1% over the previous 30 days (September 1 - September 30) and up from 45.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 6-bathroom home in Markham stood at 21 days when successfully sold over the last 30 days (October 1 - October 30), compared to 60 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Metropolis Realty
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