$4,500/mo - 16 Elgin Street Unit 200, Markham
Condo for Rent in Markham
153 days on marketNeighbourhood: Thornhill
- MLS Number
- N12753336
- Property Type
- Condo
- Status
- active
- Days on Site
- 153
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Markham
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Located in the highly sought - after Old Thornhill community just steps from Yonge Street. Rarely available upgraded two-level condo apartment offering approximately 1,400 sq. ft. of living space with a private balcony. Spacious main level features a bright kitchen with ample cabinetry, generous counter space, and existing appliances including fridge, stove, dishwasher, washer, and dryer. Open-concept living room with walk out balcony and dining area perfect for entertaining. Versatile additional room on main floor ideal for home office, guest room, or bedroom.Upper level offers primary bedroom, second and third bedrooms-each with its own closet-plus a 4-piece Wr. with tub and shower. Dedicated laundry room with brand new washer and dryer. Generous storage space convenientrly located on both level. Includes one underground parking space conveniently located near the northwest exit. All utilities included. Maintenance fees covers hydro, water, heat, cable TV, central air conditioning, high-speed internet, parking, building insurance, and common elements. Building amenities include indoor pool, sauna, exercise room, recreation room, table tennis room, billiard room, and visitor parking. Prime Thornhill location close to Centre point Mall, Farmer's Market, schools, parks, public transit, and major highways.
Discover Thornhill
Thornhill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Thornhill
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Thornhill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
16 Elgin Street Unit 200, Markham
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $4,500/mo, this is in line with typical 4-bedroom rents in Markham (~$4,200/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Negotiation Opportunity
At 153 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.
About Thornhill
I know Thornhill well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.