16 B Elgin Street, Unit 165, Markham, ON

$599,800
MLS#:N12249600
3 beds
2 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable 2-Storey condo apartment located in the coveted neighborhood of Thornhill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $599,800 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Storage
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 16B Elgin Street unit 165. Spacious about 1200 sq feet upgraded two stores, three bedrooms and two bathroom unit in amazing location, next to the Yonge streets transportation/shops, restaurants. Enjoy connectivity to the Langstaff Go station and Finch Subway. A family sized kitchen flows to the oversized Living& Dining room. Good size bedrooms with large windows and closets located on the second floor offer townhouse living style. The Main Floor bedroom has an attached 2-piece bathroom, offering flexibility for an In-Law, Guest Suite or Office. The laundry and additional storage room on the second floor offers lots of additional space. Great Functional layout with two-store living space, separate entrance from the courtyard, walk-out to the green backyard suitable for the family with growing children or for the home office. Maintenance fees include everything: heat, electricity, water, cable TV, high speed Internet, building insurance etc. The complex has a lot of amenities: gym, sauna, swimming pool, billiard, ping pong, party room, kids playground!

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Property Summary

This condo apartment located at 16 B Elgin Street, Markham is currently for sale and has been available on SousaSells for 384 days. This property is listed at $599,800 with an estimated mortgage of $1,997* per month. It has 3 beds, 2 bathrooms, and is 1000-1199 square feet. 16 B Elgin Street, Markham is in the Thornhill neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 18, 2025
Sold price information is available to members only
Listed Date6/27/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style2-Storey
ConstructionBrick
BasementNone
CountyYork
Annual Tax$2,191.87

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

School, Library, Public Transit

Interior Features

Storage

Security Features

Community Features

Location

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16 B Elgin Street, Unit 165, Markham, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 16 B Elgin Street 165, Markham, ON L3T 4T4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Markham.

Configure Loan Settings

Interest Rate4.00%
Down Payment$179,940 (30.0%)
* Minimum Canadian down payment required for this price is $34,980.
Amortization Period30 Years
Estimated Monthly Payment$1,997Based on a loan of $419,860 over 30 years.
Purchase Price$599,800
Loan Amount$419,860
Provincial Land Transfer Tax:$8,471
Total Estimated Closing Taxes:$8,471

About Purchasing a Home in Markham, ON

For a property listed at $599,800 in Markham, the legal minimum down payment is $34,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,471 for this transaction. As this listing is in Markham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,471.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Thornhill, Markham.

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,446,892

People & Families

Age Distribution

Household Composition

One-person households
16%
Families with children
54%
Couples without children
25%
Other households
5%

Top Ethnic Origins

Chinese45%
South Asian18%
Canadian6%
English5%

Local Schools Guide

Elementary Schools

Sainte-Marguerite-Bourgeoys
Public111 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C1
9.5
E T Crowle
Public
9.5
Ashton Meadows
PublicButtonville, Markham, Ontario
9.4
Castlemore
Public1580, Markham, Ontario
9.2
Stonebridge
PublicStonebridge Drive, Markham, Ontario, L6C 2Z8
9.1

Secondary Schools

St. Augustine
Catholic2188 Rodick Road, Buttonville, Markham, Ontario, L6C 1S3
10.0
Pierre Elliott Trudeau
Public90 Bur Oak Avenue, Markham, Ontario, L6C 2E6
9.5
Markville
Public1000 Carlton Road, Unionville, Markham, Ontario, L3P 7P5
9.0
Bur Oak
Public933 Bur Oak Avenue, Markham, Ontario, L6E 1G4
8.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied83%
Rented17%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.