16 Elgin St #7 is a 3-bedroom, 1-bathroom condo in Markham, listed for $629,900. It has 1000-1199 sq ft of living space.
1Bright, Spacious & Family-Friendly Living in Sought-After Thornhill!
2Featuring a functional layout with a main-floor bedroom with window, a spacious primary bedroom with a walk-in closet, and an upgraded kitchen with stainless steel appliances.
3Enjoy the convenience of direct walkout access to the backyard, perfect for family enjoyment, plus an open balcony ideal for BBQs and outdoor relaxation.
Bright, Spacious & Family-Friendly Living in Sought-After Thornhill! Welcome to this beautifully maintained 3-bedrooms, 2-storey condo offering the perfect blend of comfort, space, and convenience. Featuring a functional layout with a main-floor bedroom with window, a spacious primary bedroom with a walk-in closet, and an upgraded kitchen with stainless steel appliances. Enjoy the convenience of direct walkout access to the backyard, perfect for family enjoyment, plus an open balcony ideal for BBQs and outdoor relaxation. Additional highlights include ensuite laundry and a spacious ensuite locker for extra storage. Take advantage of fantastic building amenities, including an indoor pool, sauna, gym, party room, and more. Enjoy the ultimate convenience of public transit right at your doorstep, making daily commuting and getting around a breeze. Best of all, maintenance fees include all utilities, cable TV, and internet! A fantastic opportunity for families seeking spacious, low-maintenance living in a desirable Thornhill community. Don't miss out on this exceptional home!
3 bedrooms, 1 bathroom, about 1,000 sq ft, works out to roughly $630 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 #7
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 #7 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14164926$629,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 16 Elgin St #7 Compares to the Markham Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,095
/mo
based on the purchase price of $629,900
$125,980 cash
$503,920 financed
$424,433 total interest
Principal54%$503,920
Interest46%$424,433
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Similar homes for sale nearby in Markham
Other 2–3 bed homes for sale in Markham around $630K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio99.2%On average, homes sold below asking.
Active listings1,519Homes for sale here right now.
Median vs prior 90 days−0.1%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,248 sales from Aug 12 – Nov 10, 2026 (896 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for sale at 16 Elgin St — plus its sale and lease history.
16 Elgin St #7 is listed at $629,900 (MLS® N14164926). Summitly updates the price as soon as the MLS® record changes.
Is $629,900 a good price for 16 Elgin St #7?
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 #7 changed?
No — 16 Elgin St #7 is still listed at its original asking price of $629,900.
How many bedrooms and bathrooms does 16 Elgin St #7 have?
16 Elgin St #7 has 3 bedrooms and 1 bathroom, with about 1,000–1,199 square feet of living space. It is a condo in Markham.
How much would the monthly mortgage be on 16 Elgin St #7?
About $3,095 a month — principal and interest on $629,900 with 20% down ($125,980), 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 #7 compare with other homes in Markham?
Its asking price of $629,900 is about 42% below the median sold price in Markham over the last 90 days, $1,084,000, across 1,248 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 #7 been sold before?
Summitly has no earlier MLS® sale or lease of 16 Elgin St #7 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 16 Elgin St #7?
16 Elgin St #7 is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 16 Elgin St #7 been on the market?
1 day — 16 Elgin St #7 was listed on November 9, 2026.
What is the price per square foot of 16 Elgin St #7?
About $525 to $630 per square foot: the asking price of $629,900 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 16 Elgin St #7 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 16 Elgin St #7 have a basement, and is it finished?
