16 Heisey Drive, Markham, ON
Markham Village, Markham · MLS® N13467968
About this home
Welcome to this beautifully updated 4+1-bedroom, 5-bath detached home, ideally situated on a quiet street in the heart of prestigious Markham Village. Thoughtfully renovated and move-in ready, this home features a stunning contemporary kitchen with quartz countertops, custom cabinetry, premium stainless steel appliances and an oversized breakfast bar perfect for family gatherings and entertaining. The open-concept and spacious family room offers a cozy fireplace and large windows that fill the space with natural light. Adding to the home's versatility, the main level also features a private office, offering a quiet and functional workspace ideal for today's work-from-home lifestyle. Enjoy a rare cottage-like backyard setting with no homes behind, backing onto the highly sought-after E.T. Crowle Public School and nearby ravine, offering exceptional privacy, open skies, and nature-inspired backdrop that feels like a private retreat. Located within walking distance to top-rated schools and just minutes from Markham and Mount Joy GO Stations, Main Street Markham, shops, restaurants, Markham Stouffville Hospital, Highway 407, and Highway 7, this is a fantastic opportunity to own a turnkey family home in one of Markham's most desirable neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13467968
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000
- Lot
- 44.88 × 134.16 ft
- Cross streets
- 16th Ave. & Fincham
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,468 / 2025
- Days on market
- 28
- Listing brokerage
- RE/MAX CROSSROADS REALTY INC.
Rooms
hardwood floor · formal rm
hardwood floor · large closet
hardwood floor · formal rm · picture window
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · 4 pc ensuite · large closet
open concept · renovated · breakfast area
hardwood floor · fireplace · overlooks backyard
Listed at $1,779,900, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.53M, 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 $2.13M
- Bathrooms +$15K
- Adjusts to $2.14M
That comparable adjusts to $2.14M; the $1.79M estimate above is the median of all 9 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 Markham District 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, this is a very walkable address with everyday errands close by. Larkin Av / Bryant Rd is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.79M, median of 9 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Open-concept layout: modern, sought-after flow.
- Worth verifying
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 3% below the area average of $667/sqft.
24 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Markham Village, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Larkin Av / Bryant Rd, about 165 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 $1,423,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,599
- Property tax
- $539
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,138
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,073
- Estimated closing costs
- $32,073
Plus your down payment of $355,980. 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
- $455,914
- Principal paid down
- $181,337
- Interest paid
- $274,577
- Balance remaining
- $1,242,583
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 RE/MAX CROSSROADS REALTY INC.. MLS®/PropTx.