16 Rinas Avenue, Markham, ON
Victoria Square, Markham · MLS® N13810484
About this home
In short
- This exceptional family residence features a rare 3+1 tandem garage and is situated on an impressive approximately 72 X 274 ft lot, surrounded by parks, mature...
- The impressive main floor features soaring 10ft ceilings, a library with wainscotting and French doors, an elegant dining room with a walkout to the deck, and a...
- The spacious chef's kitchen is equipped with built-in appliances, a gas cooktop, centre island and heated flooring, opening seamlessly to a bright breakfast area with...
- The luxurious primary suite features his-and-hers closets, tranquil backyard views and a spa-inspired 7-piece ensuite with heated flooring.
- The finished walk-up basement provides exceptional additional living space, complete with a large recreation room, kitchen, two bedrooms, a 3-piece bathroom, laundry...
This exceptional family residence features a rare 3+1 tandem garage and is situated on an impressive approximately 72 X 274 ft lot, surrounded by parks, mature greenery and peaceful outdoor spaces. The impressive main floor features soaring 10ft ceilings, a library with wainscotting and French doors, an elegant dining room with a walkout to the deck, and a dramatic open-to-above living room with walkouts to the deck, side yard and overlooking the waterfall feature. The spacious chef's kitchen is equipped with built-in appliances, a gas cooktop, centre island and heated flooring, opening seamlessly to a bright breakfast area with a walkout to the backyard deck. The inviting family room features a coffered ceiling, gas fireplace and beautiful backyard views. The second floor offers five generously sized bedrooms and each room with ensuite and walkin closet. The luxurious primary suite features his-and-hers closets, tranquil backyard views and a spa-inspired 7-piece ensuite with heated flooring. The finished walk-up basement provides exceptional additional living space, complete with a large recreation room, kitchen, two bedrooms, a 3-piece bathroom, laundry room and spacious mirrored gym with direct access to the backyard. The spectacular backyard has been professionally landscaped. Beautiful stonework, a captivating water feature with two fountains( front & back), thoughtfully designed seating and entertaining areas, and a premium hot tub combine to deliver an exceptional resort-style experience at home. Located in an excellent school district with highly ranked elementary and secondary schools, including one of the area's top-ranked high schools. Enjoy outstanding convenience with easy access to highways, Costco, supermarkets, shopping, parks and everyday amenities. An outstanding home offering exceptional space, comfort, privacy and convenience in a highly desirable community.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13810484
- Bedrooms
- 5+2 (7 total)
- Bathrooms
- 7 (1 half)
- Size
- 5,000 sq ft
- Lot
- 72.39 × 274.34 ft
- Cross streets
- Victoria Square Blvd & Elgin Mills Rd E
- Parking
- 4 garage · 10 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $17,261 / 2026
- Days on market
- 28
- Listing brokerage
- RE/MAX REALTRON LUCKY PENNY HOMES REALTY
Rooms
tile floor · pot lights · w/o to deck
laminate · mirrored walls · walk-up
hardwood floor · walk-in closet(s) · 3 pc ensuite
tile floor · wainscoting · french doors
Tile Floor
hardwood floor · his and hers closets · 7 pc ensuite
hardwood floor · walk-in closet(s) · 3 pc ensuite
heated floor · centre island · b/i appliances
heated floor · open concept · w/o to deck
hardwood floor · walk-in closet(s) · 3 pc ensuite
laminate · pot lights · window
hardwood floor · his and hers closets · 4 pc ensuite
heated floor · coffered ceiling(s) · gas fireplace
laminate · closet
laminate · closet
open concept · wainscoting · w/o to deck
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Victoria Square, Markham, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $3,424,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $18,932
- Property tax
- $1,438
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20,370
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $93,475
- Estimated closing costs
- $93,475
Plus your down payment of $856,000. 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
- $1,135,913
- Principal paid down
- $418,350
- Interest paid
- $717,563
- Balance remaining
- $3,005,650
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 REALTRON LUCKY PENNY HOMES REALTY. MLS®/PropTx.