316-16 Elgin St
Thornhill, Markham, Ontario L3T 4T4
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $445at the range’s middle
- Tax a year
- $2,1962026 tax year
- Built
- 51-99
- Parking
- 11 underground
- Days on market
- Members
The brief
About 316-16 Elgin St
316-16 Elgin St is a 2-bedroom, 2-bathroom condo in Thornhill, Markham, listed for sale at an asking price of $489,000 (MLS® N14120118).
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.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall36/100−$778/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 8 homes with 2 bedrooms for lease in Thornhill right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,196 / 2026
- MLS® number
- N14120118
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 51-99
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 2-Storey
- Community
- Thornhill
- Municipality
- Markham
Building
- Size
- 1000-1199 sqft
- Building Age
- 51-99
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 2pc Flat, 1 × 3pc Upper
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- All appliances in as-is condition (fridge, stove, dishwasher, washer & dryer), all electrical light fixtures, all window coverings, auto garage door opener with 1 remote & 1 exclusive parking spot included.
- Condo maint.
- $764
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.95 × 2.39 m | Tile Floor, Centre Island, Pot Lights | Main |
| Dining | 2.44 × 2.64 m | Open Concept, Breakfast Bar, Laminate | Main |
| Living | 5.51 × 3.17 m | Open Concept, W/O To Balcony, Laminate | Main |
| Br | 2.69 × 3.02 m | 2 Pc Ensuite, Double Closet, Large Window | Main |
| Powder Rm | 1.32 × 1.27 m | 2 Pc Bath, Tile Floor, Pedestal Sink | Main |
| Primary | 4.09 × 4.14 m | 3 Pc Ensuite, W/I Closet, W/O To Terrace | Upper |
| Bathroom | 2.39 × 2.18 m | 3 Pc Bath, Tile Floor, Pedestal Sink | Upper |
| Laundry | 1.55 × 1.5 m | Laminate, Stucco Ceiling, Separate Rm | Upper |
Listing history
Buy/sell history for 316-16 Elgin St, Markham, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $489,000 | N/A | For Sale | N14120118 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $97,800
- Total mortgage amount
- $391,200
- Total interest payment
- $278,100
- Total purchase cost
- $767,100
- Mortgage payment
- $2,231/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
48%Monthly carrying cost
$3,178- Rent $2,400
- Shortfall $778
Rental income opens at $2,400, the median asking rent of 8 comparable homes for lease in Thornhill. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,255
- Total land transfer tax
- $6,255
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,255
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $489,000
- $1,780
- Ontario total
- $6,255
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The market
Condos for sale in Thornhill right now
- For sale now
- 18
- Median asking price
- $557K
- New in 7 days
- 3
- Price cuts
- 22%
Middle half: $523K to $636K
8 in 28 days
4 listings
This home is asking 12% below the median, lower than three quarters of them.
See all homes in ThornhillAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Yonge / Centre | YRT bus rapid transit: Viva Blue | 500 m |
| Yonge / Clark | YRT bus rapid transit: Viva Blue | 550 m |
| Yonge / Royal Orchard | YRT bus rapid transit: Viva Blue | 1.2 km |
| Langstaff GO | GO Transit train: Richmond Hill | 2.9 km |
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 3.5 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Thornhill Public SchoolYork Region DSB | Public · grades JK–8 | 200 m | 75%Grade 6 average |
| E J Sand Public SchoolYork Region DSB | Public · grades JK–8 | 900 m | 73%Grade 6 average |
| St Anthony Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 · French Immersion | 2 km | 91%Grade 6 average |
| École élémentaire Paul-DemersConseil scolaire Viamonde | French-language public · grades JK–6 | 5 km | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Thornhill Secondary SchoolYork Region DSB | Public · grades 9–12 · French Immersion | 300 m | 68%Grade 9 math |
| Brebeuf College SchoolToronto CDSB | Catholic · grades 9–12 | 1.9 km | 80%Grade 9 math |
| Newtonbrook Secondary SchoolToronto DSB | Public · grades 9–12 · French Immersion | 2.1 km | 39%Grade 9 math |
| ÉSC Monseigneur-de-CharbonnelConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 2.9 km | 63%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Thornhill are shown to signed-in members.