20 16th Lane, Markham, ON
Unionville, Markham · MLS® N13416686
About this home
Presenting a rare opportunity to own a custom-built 5400sf, original-owner residence on a 60-foot lot in a prestigious Unionville cul-de-sac. Meticulously maintained with outstanding craftsmanship, this home features an open-concept main living area plus a formal dining room. The gourmet kitchen is a chef's dream-high-end appliances, built-in coffee machine, chef's pantry and a large island ideal for entertaining. A private office (or 5th bedroom) and a family room with a gas fireplace with stone mantle and pot lighting complete the main level. The master retreat offers an expansive custom walk-in closet and a spa-like ensuite. The finished lower level includes a theatre room seating 8+, a nanny suite with full bath, a Cantina and abundant storage. Outside, enjoy a professionally landscaped oasis with stone patio, PVC decking and glass railing, an enclosed screened gazebo with LED lighting and a gas fireplace, sprinkler system and storage shed. The home leads to a tandem three-car garage with intelligent remote and soft-close opener. Permanent LED Holiday lights. Located near top-ranked schools (St. Justin's, Coledale, St. Augustine's), shopping and local amenities, this exceptional home is a rare find. Don't miss out, book your showing today. Take the Virtual Tour-https://www.cirius3d.com/tour/454733
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13416686
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 60.75 × 110.54 ft
- Cross streets
- Warden & 16th
- Parking
- 3 garage · 7 parking (attached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,302 / 2025
- Days on market
- 39
- Listing brokerage
- IKON REAL ESTATE INC.
Listed at $2,650,000, this home is about 18% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.61M, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $2.45M
- Adjusts to $2.45M
That comparable adjusts to $2.45M; the $3.24M estimate above is the median of all 6 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On schools, this address is zoned for Unionville HS, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. 16th Av / Warden Av is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $3.24M, median of 6 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Lifestyle
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 20% below the area average of $784/sqft.
35 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Unionville, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: 16th Av / Warden Av, about 38 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Markham.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $2,120,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,313
- Property tax
- $942
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,255
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $52,725
- Estimated closing costs
- $52,725
Plus your down payment of $530,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $678,786
- Principal paid down
- $269,983
- Interest paid
- $408,804
- Balance remaining
- $1,850,017
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of IKON REAL ESTATE INC.. MLS®/PropTx.