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Listed 1 month ago

347 - 16B Elgin Street

Thornhill, Markham

$630,000

Condo Apartment |
3 | 2 | 1 | 0
About this home

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.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleMulti-Level
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$772
LockerNone
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,284
mls© NumberN13505008
Listed ByKELLER WILLIAMS REFERRED URBAN REALTY
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,225
Property tax
$190
Heat allowance
$150
Condo fees, half counted
$386
Housing costs
$3,951 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $126,000
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,651 / mo
Cash down
$126,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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