$489,000
Markham
#316 16 Elgin Street, Markham (Thornhill), Ontario, L3T4T4
This 2-bedroom, 2-bathroom condo in Markham is for sale offering roughly 1,100 sq ft of space. Listed at $489,000, it is attractively priced about 12% below the $555,000 median asking price in Markham. It has been on the market 8 days, fresher than the Markham average of 96 days.
Discover spacious two-level living at 16 Elgin Street, Suite 316, a rarely offered 2-storey condo featuring 1,039 sqft., 2 bedrooms, 2 bathrooms & 1 exclusive underground parking space in Markham's established Thornhill community. Laminate & ceramic tile flooring welcome you into the main level, where the kitchen features a centre island with breakfast bar seating, mirrored backsplash & pot lights. Open-concept living & dining areas provide an inviting setting for everyday living & entertaining, with a walkout to a spacious balcony. A main-floor bedroom offers a large window & double closet, complemented by a 2-piece powder room with a pedestal sink. Upstairs, broadloom adds comfort, while a secondary entrance provides added convenience. The primary bedroom features a generous walk-in closet with organizers, a 3-piece ensuite with a jetted soaker tub & pedestal sink, plus its own walkout to a spacious rooftop terrace. Two levels of private outdoor space create welcoming settings to relax & enjoy the fresh air. A separate upper-level laundry room adds everyday practicality. Residents enjoy an exercise room, indoor pool, sauna, party/meeting room, recreation room, outdoor playground & ample visitor parking. Comprehensive maintenance fees include heat, hydro, water, central air conditioning, cable TV, internet & parking for exceptional convenience. Enjoy nearby Woodland Park & Pomona Mills Park, with The Thornhill Golf Club, Thornhill Outdoor Swimming Pool, Garnet A. Williams Community Centre & Thornhill Community Centre offering further recreation options. Nearby schools include Thornhill Public School, Thornhill Secondary School, E.J. Sand Public School & Baythorn Public School. Ideally situated just off Yonge Street, close to restaurants, shopping, YRT/Viva service & connections to GO Transit, with the planned Yonge North Subway Extension adding future transit appeal. Convenient access to Highways 7 & 407 makes travelling across the GTA easy. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 96 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 2-bed single family in Markham (Thornhill) has been listed for 8 days, which is 88 days fresher than the city average of 96. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $489,000, about 5.1× the local median household income of $95,000.
Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3T)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice




Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.