16 Thomas Reid Road, Markham, ON
Victoria Square, Markham · MLS® N13429382
About this home
Beautifully Renovated And Expanded Family Home On A Quiet, Highly Desirable Street. Meticulously Maintained And Thoughtfully Updated Throughout, This Move-In Ready Residence Offers Spacious Principal Rooms, A Functional Layout, And Quality Finishes Designed For Modern Living. The Professionally Added Extension Provides Generous Living Space Filled With Natural Light, While The Finished Lower Level Offers Additional Space For Work, Recreation, Or Entertainment. Enjoy A Private Backyard Featuring A Saltwater Pool, Cabana, And Mature Landscaping-Perfect For Family Enjoyment And Entertaining. Ideally Located Near Top-Rated Schools, Parks, Shopping, Transit, And Major Highways. A Rare Opportunity To Own A Turnkey Home In One Of The Area's Most Sought-After Neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13429382
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 2500-3000
- Lot
- 105.48 × 285.19 ft
- Cross streets
- Victoria Sq Blvd/Elgin Mills
- Parking
- 2 garage · 10 parking (attached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Brick Veneer
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Septic
- Pool
- Inground
- Property tax
- $13,769 / 2026
- Days on market
- 37
- Listing brokerage
- ELITE CAPITAL REALTY INC.
Rooms
hardwood floor · pot lights · large closet
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · w/o to pool · fireplace
centre island · b/i appliances · stainless steel appl
hardwood floor · w/o to pool · b/i shelves
double doors · tile floor · crown moulding
hardwood floor · crown moulding · wainscoting
hardwood floor · pot lights · large closet
hardwood floor · large closet · skylight
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairIts public catchment (Richmond Green SS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Elgin Mills Rd / Victoria Square Blvd is about a 3-minute walk away.
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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homes33 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Victoria Square, 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: Elgin Mills Rd / Victoria Square Blvd, about 244 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 17, 2026); conventional rates run a little higher.
Mortgage amount $2,152,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,484
- Property tax
- $1,147
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,631
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $53,725
- Estimated closing costs
- $53,725
Plus your down payment of $538,000. 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
- $689,032
- Principal paid down
- $274,058
- Interest paid
- $414,975
- Balance remaining
- $1,877,942
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 ELITE CAPITAL REALTY INC.. MLS®/PropTx.