$569,000 - 16 Elgin Street Unit 316, Markham
Condo for Sale in Markham
68 days on market- MLS Number
- N12979548
- Property Type
- Condo
- Status
- active
- Days on Site
- 68
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Markham
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Location! Location! Location! Upgraded Two-Level Condo Apartment Offering Over 1000 Sqft & Two Private Balconies. Perfectly situated just steps from Yonge Street, this upgraded home combines functionality, comfort, and convenience with new flooring and fresh paint throughout. Step into the spacious main level featuring a bright kitchen with ample cabinetry, plenty of counter space, a centre island with breakfast bar, and existing appliances such as fridge, stove, and dishwasher. The open-concept living and dining area is ideal for entertaining, with a seamless walk-out to the main-level balcony. A versatile additional room on this floor offers flexibility as a home office, guest room, or bedroom. Upstairs, the primary suite boasts a large walk-in closet with custom organizers, a 4-piece ensuite with soaking tub and shower, and direct access to a private upper-level balcony. A dedicated laundry room with a full-sized washer and dryer completes the upper level. This unit includes underground parking conveniently located near the elevator. Maintenance fees cover most utilities including hydro, water, heat, cable TV, and internet, delivering excellent value. Residents have access to a range of building amenities including an indoor pool, sauna, recreation room, and visitor parking. Nestled in a prime Thornhill neighborhood, enjoy close proximity to Centrepoint Mall, top-rated schools, parks, public transit, and major highways, making commuting and daily living a breeze. Don't miss this fantastic opportunity to own a spacious condo in a highly sought-after area. Property is being sold as is/where is. **Some photos have been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$2,919.26/mo
Includes CMHC insurance ($15,875)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Markham
Markham is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Markham
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Markham offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
16 Elgin Street Unit 316, Markham
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $569/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 68 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.