$599,999

For sale

#347 16B Elgin Street, Markham (Thornhill) - Single Family for Sale

#347 16B Elgin Street, Markham (Thornhill), Ontario, L3T4T4

3 beds2 baths1 parking1,100 ft²$772/mo condo feeListed 51 days ago

Overview

This 3-bedroom, 2-bathroom condo in Markham is for sale offering roughly 1,100 sq ft of space. It has been on the market 51 days, fresher than the Markham average of 97 days.

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Description

Best value in Thornhill! This spacious 2-storey, 3-bedroom, 2-bathroom condo offers over 1000 sq/ft of open and airy living space, an unbeatable location, and low maintenance fees that include all utilities. The functional main floor features an open-concept kitchen overlooking the generous living and dining areas, with a walkout to a large private balcony - perfect for relaxing or entertaining. Also on the main level is a versatile third bedroom, ideal as a guest room, home office, or nursery. Upstairs, you'll find two generously sized bedrooms, a full bathroom, and a walkout to a second private terrace, providing even more outdoor living space. Laminate flooring runs throughout, creating a clean, carpet-free interior. Ideally located in the heart of Thornhill, just steps to shopping, restaurants, schools, parks, transit, and everyday amenities. Plus, the highly anticipated Yonge North Subway Extension is coming soon, making this an excellent opportunity for homeowners and investors alike. (id:66096)

Property Details

MLS®: N13782280
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Style: Multi-level
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $772/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Foyer: 1 x 1 meters
Living room: 5.45 x 3.25 meters
Dining room: 3.64 x 2.56 meters
Kitchen: 3.2 x 2.56 meters
Bedroom 3: 3.01 x 2.7 meters

Second level

Primary Bedroom: 3.98 x 3.19 meters
Bedroom 2: 3.98 x 2.52 meters
Laundry room: 1.63 x 1.49 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Whirlpool, Dishwasher, Stove, Dryer, Window Coverings
Flooring: Tile, Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Markham (Thornhill) listings, avg age

97d

Price / ft²

$546

List price

$600K

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.

Haho

This 3-bed single family in Markham (Thornhill) has been listed for 51 days, which is 46 days fresher than the city average of 97. Act while there is still low competition.

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Listed by KELLER WILLIAMS REFERRED URBAN REALTY · DAVIS MULHOLLAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $599,999, about 6.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 23% above the area median.

Median household income: $95,000
Population: 50,405
Median age: 47.2
Owner / renter: 76% / 24%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3T)

$599,999· $546/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,999.90

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$190/mo

Condo fee$772/mo

Total monthly$4,095

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$8,475

Est. closing costs$4,300

Total cash needed$47,775

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