$1,798,000 - 5160 16th Avenue, Markham
Detached for Sale in Markham
49 days on market- MLS Number
- N13065718
- Property Type
- Detached
- Status
- active
- Days on Site
- 49
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Only 7 homes on this street. This is one of them. A private cul-de-sac in Berczy Village, backing onto lush greenery with no rear neighbours. 2021-built, 4+1 bed, 5 bath, 3,400 sq ft across three levels. 9-ft ceilings and 8-ft doors throughout.Over $250,000 in upgrades: high-end Thermador appliances throughout - built-in fridge, drawer microwave, and professional range hood with custom cabinetry and motion sensor lighting. Bose ceiling speakers, water softener, humidifier and dehumidifier, Level 2 EV charger, epoxy garage floor, smart opener with deadbolt and high-lift conversion. The basement is a fully self-contained suite - insulated underlayment flooring, sound-insulated walls and ceiling, Toto smart toilet, Grohe fixtures, heated towel rack, dedicated mini-split, and two seamless hidden doors built into the accent wall - one for the separate entrance, one to a walk-in closet and storage. ESA certified. Professional hardscaping throughout - extra large driveway and custom planters at the front and back of the home.POTL $215/month includes all shared residential water costs, grass cutting and snow plowing for the private road and common areas.Pierre Elliott Trudeau HS. Stonebridge PS. Berczy Park. Markville Mall. Hwy 404/407 minutes away.
Estimate your monthly payments for this property
Estimated Payment
$7,953.16/mo
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.
5160 16th Avenue, Markham
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Rental income estimator & ROI calculator
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 $719/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 49 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.
Detached Home Advantages
Detached homes in Markham are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Markham.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $7,492 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.