347-16B Elgin St
Thornhill, Markham, Ontario L3T 4T4
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $546at the range’s middle
- Tax a year
- $2,2842025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 347-16B Elgin St
347-16B Elgin St is a 3-bedroom, 2-bathroom condo in Thornhill, Markham, listed for sale at an asking price of $599,999 (MLS® N13782280).
Best value in Thornhill! This spacious 2-storey, 3-bedroom, 2-bathroom condo offers over 1000 sq/ft of open and airy living space, an unbeatable location, and low maintenance fees that include all utilities. The functional main floor features an open-concept kitchen overlooking the generous living and dining areas, with a walkout to a large private balcony - perfect for relaxing or entertaining. Also on the main level is a versatile third bedroom, ideal as a guest room, home office, or nursery. Upstairs, you'll find two generously sized bedrooms, a full bathroom, and a walkout to a second private terrace, providing even more outdoor living space. Laminate flooring runs throughout, creating a clean, carpet-free interior. Ideally located in the heart of Thornhill, just steps to shopping, restaurants, schools, parks, transit, and everyday amenities. Plus, the highly anticipated Yonge North Subway Extension is coming soon, making this an excellent opportunity for homeowners and investors alike.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall42/100−$650/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 48 condos with 3 bedrooms for lease in Markham 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
- $2,284 / 2025
- MLS® number
- N13782280
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Multi-Level
- Community
- Thornhill
- Municipality
- Markham
Building
- Size
- 1000-1199 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc 2nd
- 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
- Existing Stainless Steel Appliances - Whirlpool Stove, LG Fridge & B/I Dishwasher. Whirlpool white washer & Dryer. All electric light fixtures & window coverings.
- Condo maint.
- $772
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 1.0 × 1.0 m | Laminate, Closet | Main |
| Living | 3.25 × 5.45 m | Laminate, W/O To Balcony, O/Looks Dining | Main |
| Dining | 2.56 × 3.64 m | Laminate, O/Looks Living, Eat-In Kitchen | Main |
| Kitchen | 2.56 × 3.2 m | Tile Floor, Stainless Steel Appl, Granite Counter | Main |
| 3rd Br | 2.7 × 3.01 m | Laminate, Double Closet, 2 Pc Bath | Main |
| Primary | 3.19 × 3.98 m | Laminate, W/I Closet, W/O To Balcony | 2nd |
| 2nd Br | 2.52 × 3.98 m | Laminate, Large Closet, Picture Window | 2nd |
| Laundry | 1.49 × 1.63 m | Separate Rm, B/I Shelves | 2nd |
Listing history
Buy/sell history for 347-16B 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 | $599,999 | N/A | For Sale | N13782280 |
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
- $120,000
- Total mortgage amount
- $479,999
- Total interest payment
- $341,401
- Total purchase cost
- $941,400
- Mortgage payment
- $2,738/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
39%Monthly carrying cost
$3,700- Rent $3,050
- Shortfall $650
Rental income opens at $3,050, the median asking rent of 48 comparable homes for lease in Markham. 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
- $8,475
- Total land transfer tax
- $8,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $4,475
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 $599,999
- $4,000
- Ontario total
- $8,475
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 land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation5
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- 11 water-supply wells recorded within 250 m9 of them were drilled for domestic use; 81 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 21.3 m.250 m
- Groundwater recorded about 11.6 m below ground nearbyThe middle water level in the well records within 500 m (211 records). It changes with the season and from spot to spot.500 m
- Bedrock about 35.4 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 6.3 km6.3 km
Province of Ontario open data
Around the home2
- Nearest rail line: 910 m910 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is The Raywal Limited Partnership — Main Plant, 2.5 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Dash Networks, Rogers, Routcom. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
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 8% above the median.
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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Yonge / Centre | YRT bus rapid transit: Viva Blue | 450 m |
| Yonge / Clark | YRT bus rapid transit: Viva Blue | 600 m |
| Yonge / Royal Orchard | YRT bus rapid transit: Viva Blue | 1.1 km |
| Langstaff GO | GO Transit train: Richmond Hill | 2.9 km |
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 3.6 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 | 250 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 | 1.9 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 | 350 m | 68%Grade 9 math |
| Brebeuf College SchoolToronto CDSB | Catholic · grades 9–12 | 2 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.