16 Ravencliffe Road, Markham, ON
Aileen-Willowbrook, Markham · MLS® N13762174
About this home
In short
- A Rare Ravine Retreat in Thornhill - Tucked Away on a Quiet Cul-de-Sac.
- Set against a tranquil ravine and nestled on one of the neighbourhood's most peaceful cul-de-sacs, this beautifully reimagined 4-bedroom, 4-bathroom residence sits on...
- Far more than a renovation, this home has been thoughtfully transformed for contemporary living.
- Beautifully landscaped front and rear yards extend the living experience outdoors, with the ravine creating a peaceful and private natural backdrop.
- A truly special opportunity to enjoy sophisticated interiors, meaningful upgrades, flexible living space and the quiet beauty of a ravine setting-all within a...
A Rare Ravine Retreat in Thornhill - Tucked Away on a Quiet Cul-de-Sac.Set against a tranquil ravine and nestled on one of the neighbourhood's most peaceful cul-de-sacs, this beautifully reimagined 4-bedroom, 4-bathroom residence sits on a generous 50 x 125 ft lot and offers a rare blend of refined design, modern functionality and natural privacy.Far more than a renovation, this home has been thoughtfully transformed for contemporary living. The fully updated kitchen features an enlarged connection to the family room, creating an inviting open flow for everyday living and entertaining. A separate dining room provides an elegant setting for formal gatherings, while new interior doors, designer-inspired finishes and approximately 100 pot lights elevate the home throughout.Practical upgrades are equally impressive, including 200-amp electrical service, EV charging cable, central vacuum, custom organizers in all closets and a second-floor laundry. Beautifully landscaped front and rear yards extend the living experience outdoors, with the ravine creating a peaceful and private natural backdrop.The finished lower level adds exceptional versatility with a 1-bedroom, 1-bathroom suite featuring its own kitchen and separate laundry-ideal for rental income, extended family, guests or additional living space.Perfectly positioned for convenience, the home is close to Hwy 404, Hwy 7, major transportation routes, shopping, dining, parks and recreational amenities, while families will appreciate the proximity to highly regarded schools and excellent educational options in the area.A truly special opportunity to enjoy sophisticated interiors, meaningful upgrades, flexible living space and the quiet beauty of a ravine setting-all within a sought-after Thornhill community. A home that needs to be experienced in person.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13762174
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 50 × 125 ft
- Cross streets
- Gren Ln & Willowbrook Rd
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Walk-Out, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,182 / 2026
- Days on market
- 36
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
hardwood floor · separate room · large window
hardwood floor · large closet
3 pc ensuite · walk-in closet(s) · overlooks ravine
hardwood floor · large closet · large window
hardwood floor · combined w/family · large window
b/i appliances · centre island · walk-out
hardwood floor · combined w/living · large window
hardwood floor · large closet · window
Listed at $2,738,000, about 68% above our estimate of $1.63M (homes like it typically land between $1.53M and $1.71M). A gap this wide is more often a limit of an automated estimate than a fact about the home, so treat the figure as a starting point, not a verdict.
Why $1.63M. The typical detached home sold in Aileen-Willowbrook over the past year went for about $1.43M (35 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $8,182 a year; the typical home sold here pays about $7,000.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 2,000 to 2,500.
Total price vs nearby homes. Fair value about $1.63M, learned from recent GTA sales.
The market behind the math:
About 6.8 months of inventory: 9 detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $996/sqft against an area asking average of $758/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Aileen-Willowbrook: 14 of the 50 detached leases here lately were basement units, around $1,998 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Markham.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 26 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.60M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Aileen-Willowbrook, so I widened the search to the surrounding area.
Based on 26 comparable homes that sold in Aileen-Willowbrook over the past two years, from 60 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.63M, which is where my estimate comes from.
Per square foot, these ask about $698/sqft; this home lists at $996/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Markham: $1.39M in September 2026, down 3% from a year ago, on 1,284 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.50M | 121 |
| November 2025 | $1.49M | 88 |
| December 2025 | $1.44M | 72 |
| January 2026 | $1.42M | 57 |
| February 2026 | $1.43M | 69 |
| March 2026 | $1.44M | 95 |
| April 2026 | $1.39M | 116 |
| May 2026 | $1.48M | 141 |
| June 2026 | $1.46M | 147 |
| July 2026 | $1.38M | 128 |
| August 2026 | $1.49M | 136 |
| September 2026 | $1.39M | 114 |
Neighbourhood & location
Aileen-Willowbrook, Markham, ON
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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) →
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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $2,190,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,111
- Property tax
- $682
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,793
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $54,925
- Estimated closing costs
- $54,925
Plus your down payment of $547,600. 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
- $726,666
- Principal paid down
- $267,626
- Interest paid
- $459,039
- Balance remaining
- $1,922,774
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
The suite is real income here: basements rent in Aileen-Willowbrook (14 of 50 recent detached leases were basement units, around $1,998 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,998 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 9 whole-home leases in Aileen-Willowbrook signed at a median of $3,991 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,166. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.