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$549K · 2 bed Condo Apartment · Thornhill, Markham | MyPropertyScout

$549,000

Unit 316

5 DOM

225d

Map

DOM 5

$549,000

DOM5days

Unit 316

16 Elgin Street · Markham · Ontario L3T 4T4

MLS® N13571384 · Thornhill · L3T 4T4

22Vacant1000-1199 ft²Condo Apartment1-car UndergroundNo basement5d$499/ft²$2,128 tax/yrNo basement

5 days on market

About this home

Location! Location! Location! Upgraded Two-Level Condo Apartment Offering Over 1000 Sqft & Two Private Balconies. Perfectly situated just steps from Yonge Street, this upgraded home combines functionality, comfort, and convenience with new flooring and fresh paint throughout. Step into the spacious main level featuring a bright kitchen with ample cabinetry, plenty of counter space, a centre island with breakfast bar, and existing appliances such as fridge, stove, and dishwasher. The open-concept…

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Property details

MLS#: N13571384
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 6
Kitchens: 1
Size: 1000-1199Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 2-Storey
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Vacant
Washrooms: 4 pc · Upper; 2 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Condo corp #: 272
Balcony: Open
Locker: None
Association amenities: Exercise Room, Indoor Pool, Party Room/Meeting Room, Recreation Room, Sauna, Visitor Parking
Fees include: Heat Included, Hydro Included, Water Included, Cable TV Included, CAC Included, Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Radiant
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Yonge St / Elgin St
Stories: 3
Utilities: —
Laundry: In-Suite Laundry, Laundry Room
Interior: Other
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX HALLMARK REALTY LTD.

Source: TRREB/PROPTX · MLS® N13571384

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$549K

Unit 316 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $549,000✓ $2,128 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,991/mo

incl. closing costs (yr 1)

Annual total

$59,888

year 1

Mortgage only

$2,083/mo

principal + interest

Beyond mortgage

$1,828/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$109,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$177/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,490/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$64/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,455

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $24,993/yr

Property taxes16% $9,583/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,490/yr

Condo fees15% $9,162/yr

Closing costs9% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$24,993	$2,083/mo
Government & taxes
Property tax	$2,128	$177/mo
Land transfer tax(closing)	$7,455	$621/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,490	$458/mo
Condo fees
Condo / HOA fees	$9,162	$764/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$59,888	$4,991/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 316

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs