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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 74 days

    Unit 316 — 16 Elgin Street

    Thornhill·Markham, ON·L3T 4T4·Near Yonge St / Elgin St

    • 2 beds
    Markham real estate›N12979548
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    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.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Apr 8, 2026ListedCurrentFor sale$569,000 —N12979548This page
    Jan 31, 2026Previously listedExp$598,000 —N12750258View
    Nov 14, 2025Previously listedExp$608,000 —N12548482View
    Sep 29, 2025Previously listedTer$637,000 —N12433351View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      2
      Heating
      Radiant
      Air conditioning
      Central Air
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit 316 — 16 Elgin Street
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,795
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $177
    0.37% mill rate · ON
    The market

    How this home sits in the Markham market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Markham market right now

    Average sold price, days on market, and closed-transaction count for Markham — sourced from MLS®.

    • Avg sold price
      $1,167,104
      Last 30 days
    • Median sold price
      $1,100,000
      Middle of the market
    • Days on market
      28 d
      Avg from list to close
    • Closed last 30d
      853
      MLS® transactions
    Full Markham market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 316 — 16 Elgin Street — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 316 — 16 Elgin Street and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit 316 — 16 Elgin Street listed for?

      Unit 316 — 16 Elgin Street is listed at $569,000 on the MLS® (listing N12979548). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 316 — 16 Elgin Street have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 2 baths
  2. 1000-1199 sqft
  3. Condo Apartment
  4. Asking
    $569,000
    $0 / sqft · MLS® N12979548
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $851,986
    $783,827Confidence range$920,145
    Asking vs estimate
    ↓below
    −$282,986
    (-33.2%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 2 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Markham sell in about 28 days — this one has been listed 74 days.

    Avg sold price
    $1,167,104
    Median sold
    $1,100,000
    Avg days on market
    28
    Recently sold
    853
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    AI highlights by Zara
    • 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.
    • This unit includes underground parking conveniently located near the elevator.
    • 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.
    Ask Zara a follow-up

    Parking & garage

    3
    Garage
    Underground
    Garage spaces
    1
    Parking spaces
    1
  6. Interior

    5
    Basement
    None
    Family room
    N
    Kitchens
    1
    Total rooms
    6
    Elevator
    Y
  7. Exterior & construction

    3
    Exterior
    Brick
    Patio
    Open
    Balcony
    Open
  8. Listing & possession

    3
    Occupancy
    Immediate/Flex
    Property style
    2-Storey
    Property class
    Condo Apartment
  9. Room-by-room · 5 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    4 rooms
    • Living Room
      open concept · w/o to balcony
      19.1 × 10.3 ft
    • Dining Room
      open concept · breakfast bar
      10.1 × 7.4 ft
    • Kitchen
      tile floor · centre island · backsplash
      10.9 × 8.8 ft
    • Bedroom
      2 pc ensuite · closet · window
      9.8 × 8.7 ft

    Upper level

    1 room
    • Bedroom 2
      4 pc ensuite · walk-in closet(s) · w/o to balcony
      13.7 × 13.3 ft

    Condo corporation & monthly fees

    Maintenance fee, what's included, locker, exposure, amenities, and condo corp details.

    Monthly maintenance
    Condo corp fees
    $764
    per month
    Maintenance fee includes
    • Heat
    • Hydro
    • Water
    • Cable
    Building details
    • Unit16
    • Storeys (building)3
    • ExposureNorth West
    • LockerNone
    • Pet policyYes-with Restrictions
    • Ensuite laundryY
    • Condo corpYCC
    • Corp #272
    • Property managerCPO Management Inc.
    Building amenities
    • Exercise Room
    • Indoor Pool
    • Party Room/Meeting Room
    • Recreation Room
    • Sauna
    • Visitor Parking
    Combined estimate
    $2,972
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,795
    /mo
    based on the purchase price of $569,000
    $113,800 cash
    $455,200 financed
    $383,398 total interest
    Monthly payment$2,795/ month
    Principal54%$455,200
    Interest46%$383,398

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax and condo fees.

    Comparable condo apartments that just sold in Markham

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 7167 YONGE Street
      Sold
      Sign in for price
      7167 YONGE Street
      Condo Apartment
    • 38 Simcoe Promenade
      Sold
      Sign in for price
      38 Simcoe Promenade
      Condo Apartment
    • 7451 Yonge Street
      Sold
      Sign in for price
      7451 Yonge Street
      Condo Apartment
    • 8228 Birchmount Road
      Sold
      Sign in for price
      8228 Birchmount Road
      Condo Apartment
    • 9560 Markham Road
      Sold
      Sign in for price
      9560 Markham Road
      Condo Apartment
    • 55 South Town Centre Boulevard
      Sold
      Sign in for price
      55 South Town Centre Boulevard
      Condo Apartment
    AddressBd / BaSqftSold$/sqft% of askSold
    Unit 316 — 16 Elgin StreetThis home2 / 210,001,199$569,000ask———
    7167 YONGE Street2 / 2800—
    38 Simcoe Promenade1 / 2600—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More condo apartments in Markham

    Active listings within ±20% of this asking price.

    • 60 South Town Centre Boulevard
      $528,000
      60 South Town Centre Boulevard
      Condo Apartment 1 1
    • 7161 Yonge Street
      $639,999
      7161 Yonge Street
      Condo Apartment 2 2
    • 9 Clegg Road
      $598,000
      9 Clegg Road
      Condo Apartment 1 1
    • 7165 Yonge Street
      $458,000
      7165 Yonge Street
      Condo Apartment 1 1
    • 8081 Birchmount Road
      $499,000
      8081 Birchmount Road
      Condo Apartment 2 2
    • 8228 Birchmount Road
      $529,000
      8228 Birchmount Road
      Condo Apartment 1 1
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  10. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  11. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  12. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  13. Public listing courtesy of RE/MAX HALLMARK REALTY LTD. · displayed on Summitly per MLS® data-share rules

    Unit 316 — 16 Elgin Street is a 2-bedroom, 2-bath, 1000-1199 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  14. When was Unit 316 — 16 Elgin Street built?

    The year built for Unit 316 — 16 Elgin Street isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  15. What is the property tax for Unit 316 — 16 Elgin Street?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 316 — 16 Elgin Street plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  16. How much would the monthly mortgage be on Unit 316 — 16 Elgin Street?

    The affordability calculator on this page shows an estimated monthly mortgage for $569,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  17. Has Unit 316 — 16 Elgin Street been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 316 — 16 Elgin Street with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  18. What neighbourhood is Unit 316 — 16 Elgin Street in?

    Unit 316 — 16 Elgin Street is in Thornhill, Markham. The 'Neighbourhood' section below links to the live Markham real estate hub with average sold price, days on market, and current inventory.

  19. Is Markham a good place to live?

    Markham is one of ON's actively-tracked Summitly markets. The full Markham real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  20. 7451 Yonge Street
    2 / 2
    1,000
    —
    8228 Birchmount Road2 / 2900—
    9560 Markham Road1 / 1500—
    55 South Town Centre Boulevard1 / 1500—