2832 16th Ave is an investment in Markham, listed for $9,480,000.
1Currently operating a private school with an official IELTS Test Venue, the property is well suited to a range of educational activities.
2A spacious indoor gymnasium with basketball and badminton facilities boasts exceptionally high ceilings, offering potential for conversion to a dealership garage or workshop.
3Additional highlights include a private executive office with a shower room, six luxuriously renovated washrooms, and a rooftop BBQ area with beautiful, unobstructed views.
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Commercial Property in Markham
About 2832 16th Avenue
A Rare Offering on Prestigious 16th Avenue in the Heart of Unionville/Markham! Built in 1997, this distinctive freestanding institutional building sits on approximately 1.21 acres, featuring a unique ravine setting with no immediate neighbours on three sides. Exceptional visibility, prominent street exposure, and convenient accessibility make this a standout opportunity for owner-users, investors, and organizations alike. Two entrances, expansive windows, and a welcoming reception area complement a versatile interior featuring numerous classrooms and private offices, along with generous open spaces offering flexibility to create additional rooms. Currently operating a private school with an official IELTS Test Venue, the property is well suited to a range of educational activities. A spacious indoor gymnasium with basketball and badminton facilities boasts exceptionally high ceilings, offering potential for conversion to a dealership garage or workshop. Additional highlights include a private executive office with a shower room, six luxuriously renovated washrooms, and a rooftop BBQ area with beautiful, unobstructed views. Potential uses include a school, daycare, corporate head office, luxury car dealership, retail, or residential use, with all proposed uses. Surrounded by established neighbourhoods and growing residential and commercial developments, this remarkable property combines privacy, presence, and versatility in one of Markham's most sought-after locations.
Markham investment priced at $9,480,000 — book a tour to see if it fits your search.
Inside 2832 16th Ave
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
1.21
Listing & possession
Property class
Investment
2832 16th Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N14097536$9,480,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2832 16th Ave 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
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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.
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio99.4%On average, homes sold below asking.
Active listings1,494Homes for sale here right now.
Median vs prior 90 days+3.5%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 1,307 sales from Jul 25 – Oct 23, 2026 (809 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
2832 16th Ave is listed at $9,480,000 (MLS® N14097536). Summitly updates the price as soon as the MLS® record changes.
Has the price of 2832 16th Ave changed?
No — 2832 16th Ave is still listed at its original asking price of $9,480,000.
How many bedrooms and bathrooms does 2832 16th Ave have?
The listing for 2832 16th Ave doesn't publish its bedroom and bathroom count. It is a commercial property in Markham.
Is 2832 16th Ave close to transit?
The nearest rapid-transit station is Unionville GO Station (Stouffville GO), about 4.7 km in a straight line. Richmond Hill GO Station is about 4.7 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 2832 16th Ave compare with other homes in Markham?
Its asking price of $9,480,000 is about 763% above the median sold price in Markham over the last 90 days, $1,099,000, across 1,307 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 2832 16th Ave been sold before?
Summitly has no earlier MLS® sale or lease of 2832 16th Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2832 16th Ave?
2832 16th Ave is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2832 16th Ave been on the market?
3 days — 2832 16th Ave was listed on October 20, 2026.
What is the land transfer tax on 2832 16th Ave?
About $223,475 in Ontario land transfer tax at the asking price of $9,480,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 2832 16th Ave or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 2832 16th Ave?
The listing for 2832 16th Ave doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Markham.
When was 2832 16th Ave built?
The listing for 2832 16th Ave doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
