16 Elgin St #316, Markham

Name: 16 Elgin Street, Unit 316
SKU: N14120118
Price: 489000 CAD
Availability: InStock

2 Bed, 1 Bath Condo in Markham

Unit 316 at 16 Elgin Street

Discover spacious two-level living at 16 Elgin Street, Suite 316, a rarely offered 2-storey condo featuring 1,039 sqft., 2 bedrooms, 2 bathrooms & 1 exclusive underground parking space in Markham's established Thornhill community. Laminate & ceramic tile flooring welcome you into the main level, where the kitchen features a centre island with breakfast bar seating, mirrored backsplash & pot lights. Open-concept living & dining areas provide an inviting setting for everyday living & entertaining, with a walkout to a spacious balcony. A main-floor bedroom offers a large window & double closet, complemented by a 2-piece powder room with a pedestal sink. Upstairs, broadloom adds comfort, while a secondary entrance provides added convenience. The primary bedroom features a generous walk-in closet with organizers, a 3-piece ensuite with a jetted soaker tub & pedestal sink, plus its own walkout to a spacious rooftop terrace. Two levels of private outdoor space create welcoming settings to relax & enjoy the fresh air. A separate upper-level laundry room adds everyday practicality. Residents enjoy an exercise room, indoor pool, sauna, party/meeting room, recreation room, outdoor playground & ample visitor parking. Comprehensive maintenance fees include heat, hydro, water, central air conditioning, cable TV, internet & parking for exceptional convenience. Enjoy nearby Woodland Park & Pomona Mills Park, with The Thornhill Golf Club, Thornhill Outdoor Swimming Pool, Garnet A. Williams Community Centre & Thornhill Community Centre offering further recreation options. Nearby schools include Thornhill Public School, Thornhill Secondary School, E.J. Sand Public School & Baythorn Public School. Ideally situated just off Yonge Street, close to restaurants, shopping, YRT/Viva service & connections to GO Transit, with the planned Yonge North Subway Extension adding future transit appeal. Convenient access to Highways 7 & 407 makes travelling across the GTA easy.

2 bedrooms, 1 bathroom, about 1,000 sq ft, works out to roughly $489 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 16 Elgin St #316

Every detail from the listing, in one place.

Type: Condo
Style: 2-Storey
Living space: 1000-1199 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 2-Storey
Property class: Condo Apartment

16 Elgin St #316 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 27, 2026For saleListedThis listingMLS® N14120118$489,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 16 Elgin St #316 Compares to the Markham Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 2,163 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Markham market, last 90 days

Median sold price: $1,095,000
Average sold price: $1,168,578
Average days on market: 30
Homes sold: 1,328

Closed sales on the TRREB MLS®.

Full Markham market report

Market pulse · Markham

Markham market

Median sold price$1,095,000Last 90 days
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio99.4%On average, homes sold below asking.
Active listings1,505Homes for sale here right now.
Median vs prior 90 days+2.3%Compared with Apr 30 – Jul 29, 2026: prices up.

Based on 1,328 sales from Jul 29 – Oct 27, 2026 (835 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Markham

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 316 — 16 Elgin Street 2 bd · 1 ba · 1,000 sqft	$489,000asking	$489	—	—
7768 Kennedy Road 1 bd · 1 ba · 600 sqft
2100 John Street 1 bd · 1 ba · 700 sqft
30 Clegg Road 2 bd · 2 ba · 800 sqft
50 The Boardwalk Way 2 bd · 2 ba · 1,400 sqft
9 Clegg Road 1 bd · 2 ba · 600 sqft
60 Inverlochy Boulevard 2 bd · 1 ba · 900 sqft

7768 Kennedy Road
1 bd · 1 ba · 600 sqft
2100 John Street
1 bd · 1 ba · 700 sqft
30 Clegg Road
2 bd · 2 ba · 800 sqft
50 The Boardwalk Way
2 bd · 2 ba · 1,400 sqft
9 Clegg Road
1 bd · 2 ba · 600 sqft
60 Inverlochy Boulevard
2 bd · 1 ba · 900 sqft

Living in Markham: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Langstaff GO StationRichmond Hill GO2.9 km
Finch StationLine 13.5 km
Old Cummer GO StationRichmond Hill GO4.6 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Langstaff GO Station (Richmond Hill GO)2.9 km
Finch Station (Line 1)3.5 km
Old Cummer GO Station (Richmond Hill GO)4.6 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Langstaff GO Station
2.9 kmClosest· Richmond Hill GO
Homes near Langstaff GO Station
Finch Station
3.5 km· Line 1
Homes near Finch Station
Old Cummer GO Station
4.6 km· Richmond Hill GO
Homes near Old Cummer GO Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 16 Elgin St #316. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 16 Elgin St #316

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,402; 20% down · 25 years · 5.5% assumed
Property tax: $269; 0.66% mill rate · ON
Total per month: $2,671; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,402

/mo

based on the purchase price of $489,000

Down payment20%

$97,800 cash

Amortization25 yr

$391,200 financed

Rate5.50%

$329,493 total interest

Principal54%$391,200

Interest46%$329,493

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

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 16 Elgin St #316 with a licensed buyer's agent

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Questions About 16 Elgin St #316

How much is 16 Elgin St #316 listed for?

16 Elgin St #316 is listed at $489,000 (MLS® N14120118). Summitly updates the price as soon as the MLS® record changes.

Is $489,000 a good price for 16 Elgin St #316?

Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Markham. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 16 Elgin St #316 changed?

No — 16 Elgin St #316 is still listed at its original asking price of $489,000.

How many bedrooms and bathrooms does 16 Elgin St #316 have?

16 Elgin St #316 has 2 bedrooms and 1 bathroom, with about 1,000–1,199 square feet of living space. It is a condo in Markham.

Is 16 Elgin St #316 close to transit?

The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 2.9 km in a straight line. Finch Station is about 3.5 km, and Old Cummer GO Station is about 4.6 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 16 Elgin St #316?

About $2,402 a month — principal and interest on $489,000 with 20% down ($97,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 16 Elgin St #316 compare with other homes in Markham?

Its asking price of $489,000 is about 55% below the median sold price in Markham over the last 90 days, $1,095,000, across 1,328 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 16 Elgin St #316 been sold before?

Summitly has no earlier MLS® sale or lease of 16 Elgin St #316 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 16 Elgin St #316?

16 Elgin St #316 is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 16 Elgin St #316 been on the market?

16 Elgin St #316 was listed today (October 27, 2026).

What is the price per square foot of 16 Elgin St #316?

About $408 to $489 per square foot: the asking price of $489,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 16 Elgin St #316 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know

2 Bed, 1 Bath Condo in Markham

Unit 316 at 16 Elgin Street

Inside 16 Elgin St #316

Features & systems

16 Elgin St #316 Price & Sale History

How 16 Elgin St #316 Compares to the Markham Market

Markham market, last 90 days

Recently sold nearby in Markham

Living in Markham: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 16 Elgin St #316

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Elgin Street? See what yours is worth

Zara, any time

A licensed local agent

See 16 Elgin St #316, Markham in person

Similar homes for sale nearby in Markham

Explore More Condos in Markham

2 Bed, 1 Bath Condo in Markham

Unit 316 at 16 Elgin Street

Inside 16 Elgin St #316

Features & systems

16 Elgin St #316 Price & Sale History

How 16 Elgin St #316 Compares to the Markham Market

Markham market, last 90 days

Market pulse · Markham

Recently sold nearby in Markham

Living in Markham: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 16 Elgin St #316

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Elgin Street? See what yours is worth

Zara, any time

A licensed local agent

See 16 Elgin St #316, Markham in person

Questions About 16 Elgin St #316

How much is 16 Elgin St #316 listed for?

Is $489,000 a good price for 16 Elgin St #316?

Has the price of 16 Elgin St #316 changed?

How many bedrooms and bathrooms does 16 Elgin St #316 have?

Is 16 Elgin St #316 close to transit?

How much would the monthly mortgage be on 16 Elgin St #316?

How does 16 Elgin St #316 compare with other homes in Markham?

Has 16 Elgin St #316 been sold before?

Where is 16 Elgin St #316?

How long has 16 Elgin St #316 been on the market?

What is the price per square foot of 16 Elgin St #316?

Does 16 Elgin St #316 have parking or a garage?

Similar homes for sale nearby in Markham

Explore More Condos in Markham

Market pulse · Markham

Transit nearby

Transit

Questions About 16 Elgin St #316

How much is 16 Elgin St #316 listed for?

Is $489,000 a good price for 16 Elgin St #316?

Has the price of 16 Elgin St #316 changed?

How many bedrooms and bathrooms does 16 Elgin St #316 have?

Is 16 Elgin St #316 close to transit?

How much would the monthly mortgage be on 16 Elgin St #316?

How does 16 Elgin St #316 compare with other homes in Markham?

Has 16 Elgin St #316 been sold before?

Where is 16 Elgin St #316?

How long has 16 Elgin St #316 been on the market?

What is the price per square foot of 16 Elgin St #316?

Does 16 Elgin St #316 have parking or a garage?