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40 ANN LOUISE CRESCENT
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Beds
7
Baths
5 full + 1 half
Sqft
—
Year
—
Type
Single Family
On market
28d
Welcome to your dream home in one of the most desirable neighborhoods! This beautifully upgraded detached home offers over 4,600 sq. ft. of living space and sits on a premium, uniquely shaped ravine lot. Enjoy a massive, private backyard-perfect for family gatherings, no neighbours on one side, outdoor entertaining, or simply relaxing while taking in serene views of green space, parkland, and tranquil ponds from your expansive deck. The bright, walk-out basement is fully finished, ideal for multi-generational living or potential rental income. This home is thoughtfully equipped with a fully owned furnace and A/C, plus an extended driveway that easily accommodates up to five vehicles. Inside, you'll find a recently renovated kitchen, upgraded flooring, pot lights throughout (including outdoor pot lighting), freshly painted rooms, front entrance steps redone, many new upgraded fixtures, soaring 9-foot ceilings on the main level, and a grand 15-foot foyer that makes a stunning first impression. Wide corridors add to the open, luxurious feel of the home. Conveniently located within walking distance to Markham Road and Steeles Avenue, with easy access to public transit and top-rated schools. Enjoy nearby amenities such as Costco, Walmart, Shoppers Drug Mart, multiple plazas, banks, community centers, and a wide variety of amazing multicultural restaurants. Several parks and cricket fields are also just a short walk away. This exceptional property truly checks all the boxes for space, location, and lifestyle. Don't miss out on this rare opportunity! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 4.87 × 5.36 meters | |
| Dining room | 4.26 × 3.71 meters |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 5.97 × 5.18 meters | |
| Bedroom 2 | 5.73 × 4.26 meters | |
| Bedroom 3 | 4.14 × 3.65 meters | |
| Bedroom 4 | 3.38 × 3.35 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.37%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,940
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Markham (Cedarwood). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.