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316 - 16 Elgin Street
Thornhill, Markham
$549,000
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 living and dining area is ideal for entertaining, with a seamless walk-out to the main-level balcony. A versatile additional room on this floor offers flexibility as a home office, guest room, or bedroom. Upstairs, the primary suite boasts a large walk-in closet with custom organizers, a 4-piece ensuite with soaking tub and shower, and direct access to a private upper-level balcony. A dedicated laundry room with a full-sized washer and dryer completes the upper level. This unit includes underground parking conveniently located near the elevator. Maintenance fees cover most utilities including hydro, water, heat, cable TV, and internet, delivering excellent value. Residents have access to a range of building amenities including an indoor pool, sauna, recreation room, and visitor parking. Nestled in a prime Thornhill neighborhood, enjoy close proximity to Centrepoint Mall, top-rated schools, parks, public transit, and major highways, making commuting and daily living a breeze. Don't miss this fantastic opportunity to own a spacious condo in a highly sought-after area. **Some photos have been virtually staged.
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| Type | Condo Apartment |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1000-1199 sq. ft. |
| Maintenance Fees | $764 |
| Locker | None |
| Balcony | Open |
| Exposure | North West |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $2,128 |
| mls© Number | N13571384 |
| Listed By | RE/MAX HALLMARK REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,810
- Property tax
- $177
- Heat allowance
- $150
- Condo fees, half counted
- $382
- Housing costs
- $3,519 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$108,000
gross annual household income
- Payment at 4%
- $2,310 / mo
- Cash down
- $109,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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