MLS® listing
16 Elgin Street 316: condo apartment for sale
$489,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 1000-1199 |
|---|---|
| Approximate age | 51-99 |
| Style | 2-Storey |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Monthly fee | $764 |
| Property tax | $2,196 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | North West |
| Fee includes | Heat Included, Hydro Included, Water Included, Cable TV Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included |
| Building amenities | Exercise Room, Indoor Pool, Party Room/Meeting Room, Recreation Room, Sauna, Playground |
| Balcony | Terrace |
| Laundry | In-Suite Laundry, Laundry Room |
| Interior features | Auto Garage Door Remote, Sauna, Storage, Water Heater, Primary Bedroom - Main Floor, In-Law Capability |
| Features | Golf, Library, Park, Public Transit, School, Rec./Commun.Centre |
| View | City, Clear, Trees/Woods |
| Floor | 3 |
Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. MLS® N14120118.
About this condo apartment
16 Elgin Street 316 is a 2 bedroom condo apartment in TRREB's Thornhill community in Markham, listed for sale at $489,000. The listing shows 2 bathrooms and 1000-1199 square feet. It comes with 1 parking space according to the listing. The garage is listed as underground. The nearest main intersection given is Yonge St. & Elgin St.. The approximate age on the listing is 51-99 years.
These details come from the listing brokerage through TRREB's MLS® System and are not guaranteed. Measurements, parking and what is included should be checked at a showing, against the status certificate and in the agreement of purchase and sale.
Building amenities on the listing: exercise room, indoor pool, party room/meeting room, recreation room, sauna and playground.
What it costs to buy 16 Elgin Street 316
At the asking price of $489,000, a buyer in Markham pays Ontario land transfer tax on closing. The City of Toronto is the Ontario municipality that charges a municipal land transfer tax of its own, so there is no second tax here.
| Asking price | $489,000 |
|---|---|
| Ontario land transfer tax | $6,255 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $24,450 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The tax is worked out at the published rates for a home with one or two single family residences and your lawyer confirms the final amount. Legal fees, title insurance and adjustments are extra: our closing costs guide lists them. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $764 a month |
|---|---|
| Property tax (2026) | $2,196 a year, about $183 a month |
| Fee and tax together | about $947 a month |
The listing says the fee includes heat, hydro, water, cable tv, cac, common elements, building insurance and parking. That is before a mortgage payment, home insurance and any utilities the fee does not cover. A condo corporation sets its fees in each year's budget, so the amount can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB's Market Watch recorded 55 condo apartment sales in Markham in September 2026, at a median of $535,000 and an average of $574,612. This home is listed at $489,000, which is $46,000 below that median.
A city-wide median covers every size, age and neighbourhood, so it is a reference point and not a valuation of this home. Size, floor, parking, condition and the building's finances all move the price. Our September 2026 market report and our Markham house prices page have the figures for each home type.
What to check before you make an offer
- Order the status certificate. An Ontario condo corporation must give one within 10 days of receiving the request and the fee, which is capped at $100. It shows the common expenses for this unit, any arrears, the budget, the reserve fund and any legal actions. Our guide explains what a status certificate tells you.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space. Ask whether each is owned, exclusive use or rented. Get the unit numbers too.
- Get your financing in writing. A lender looks at the property tax and the monthly fee as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the condition of the hallways and elevators.
Our page on buying a home in Markham sets out the steps in order. This is general information, not legal advice. Confirm the details with a lawyer.
About Thornhill
Thornhill is split down Yonge Street between Markham and Vaughan. The Markham side is the eastern half and it is the oldest established housing in the city.
Transit: YRT and Viva on Yonge Street and Highway 7, TTC connections at Steeles, Highway 404 and 407 nearby
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $702,500 | 20 sales, average $1,074,650 |
| Detached | About $1,394,000 | 8 sales, average about $1,791,000 |
| Condo apartment | About $550,000 | 9 sales, average about $556,000 |
Figures from TRREB's community housing market report, as listed in our Thornhill guide.
Questions about Thornhill
Is Thornhill the same as Markham?
No. Thornhill is a community that sits in two cities. The part east of Yonge Street is in the City of Markham and the part west of Yonge Street is in the City of Vaughan. This guide covers the Markham side.
Which side of Thornhill is Markham?
Yonge Street is the dividing line. East of Yonge is Markham, west is Vaughan. Two houses facing each other across Yonge sit in different municipalities, with different taxes and different city services.
How old is the housing?
Much of it dates from the 1950s through the 1980s, which makes this the most mature housing stock in Markham. Expect older systems and budget for them.
Is there a lot of rebuilding?
Yes. Large mature lots close to Toronto attract builders and several pockets have seen steady teardown and rebuild activity for years.
How is transit?
Better than most of Markham. Viva and YRT run on Yonge Street and Highway 7 and TTC connections at Steeles put the subway within reach without a car.
Who is buying here?
A mix. Downsizers who have been in the area for decades, families drawn by proximity to Toronto and builders. That mix keeps competition for good lots high.
Read the Thornhill neighbourhood guide · All Thornhill homes for sale
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Questions about 16 Elgin Street 316
How much is land transfer tax on 16 Elgin Street 316?
At the asking price of $489,000 the Ontario land transfer tax is $6,255. Markham has no municipal land transfer tax. A first-time buyer who qualifies can get up to $4,000 back. Confirm the final figure with your lawyer.
What is the minimum down payment for 16 Elgin Street 316?
$24,450 at the asking price of $489,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 16 Elgin Street 316?
The listing shows $764 a month, including heat, hydro, water, cable tv, cac, common elements, building insurance and parking. Check the current fee in the status certificate.
How much is the property tax on 16 Elgin Street 316?
The listing shows $2,196 a year for 2026, about $183 a month.
Is 16 Elgin Street 316 priced above or below the Markham median?
It is listed at $489,000. TRREB's September 2026 median for condo apartment sales in Markham was $535,000 across 55 sales, so the asking price is $46,000 lower. The median covers every size and neighbourhood.
How do I book a showing for 16 Elgin Street 316?
Use the form on this page or call us. Quote MLS® N14120118. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 16 Elgin Street 316 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn, this address goes to the neighbourhood guide. Where this site has no guide for that community, the page says the home has sold. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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