$624,900 - 16B Elgin Street Unit 271, Markham
Condo for Sale in Markham
87 days on market- MLS Number
- N12905510
- Property Type
- Condo
- Status
- active
- Days on Site
- 87
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 1,000 sqft
- Neighbourhood
- Markham
- Locker
- Ensuite
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 PERCY FULTON LTD.
Spotless, move-in-ready two-storey loft-style condo featuring numerous upgrades throughout, including custom windows, a patio door, and Venetian blinds, as well as upgraded bedroom flooring, a new bathroom vanity, and more. Flooded with natural light, this bright and airy unit offers two main-floor balconies that create a refreshing cross-breeze-perfect for enjoying warm, sunny days. The beautifully landscaped courtyard, with its trees in full bloom, creates a serene atmosphere while enhancing privacy. Enjoy the convenience of main-floor laundry with high-quality, full-size appliances. The open-concept living, dining, and kitchen area is ideal for both everyday living and entertaining. This is a meticulously maintained, exceptionally clean condo unit that shows beautifully.
Estimate your monthly payments for this property
Estimated Payment
$3,206.06/mo
Includes CMHC insurance ($17,435)
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.
16B Elgin Street Unit 271, 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 $625/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 87 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 $2,604 (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.