16 Victor Herbert Way, Markham, ON
Cathedraltown, Markham · MLS® N13824494
About this home
Luxury Monarch Built Corner Unit*2429Sf Of Modish Living Space With $90K High-End Upgrds: Hardwood Floors, Oak Stairs W/Wrought Iron Pickets, Caesarstone Cntop/Glass Tile Bksplsh, Premium S/S Appliances & B/I Microwave/O,B/I Glass Cabnts . Wall Mounted Tv/Home Theatre In Family Rm, Living Room With 13' feet Ceiling & Modern Chandelier, Over 40 Potlites, Luxury Custom Ensuites, Custom Chute For Laundry Trspt From Upper To Lower Level, Mudroom W/Custom Closets/Cabinetry/Bench. Hot Water Tank is Owned;
Key facts
- Property type
- Condo Townhouse, Multi-Level
- MLS®
- N13824494
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 2250-2499 sq ft
- Cross streets
- Major Mac & Woodbine
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $240/mo
- Exposure
- North South
- Property tax
- $5,280 / 2026
- Days on market
- 25
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
ceramic floor · w/o to balcony
hardwood floor · fireplace · above grade window
4 pc ensuite · w/o to balcony · separate shower
hardwood floor · raised room
Hardwood Floor
Hardwood Floor
hardwood floor · overlooks garden
ceramic floor · backsplash · w/o to balcony
Listed at $950,000, about 6% below our estimate of $1.01M (homes like it typically land between $938K and $1.06M).
Total price vs nearby homes. Fair value about $1.01M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $400/sqft against an area asking average of $560/sqft.
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 and this building.
It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.15M. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Cathedraltown, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in Cathedraltown over the past two years, from 5 closings there.
For sale
For sale
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For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market. Homes like this one have recently closed around $1.01M, which is where my estimate comes from.
Per square foot, these ask about $503/sqft; this home lists at $400/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for condo townhouses in Markham: $710K in September 2026, down 6% from a year ago, on 245 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 | $808K | 24 |
| November 2025 | $778K | 12 |
| December 2025 | $715K | 12 |
| January 2026 | $825K | 12 |
| February 2026 | $743K | 24 |
| March 2026 | $815K | 21 |
| April 2026 | $829K | 10 |
| May 2026 | $760K | 31 |
| June 2026 | $751K | 26 |
| July 2026 | $717K | 28 |
| August 2026 | $765K | 25 |
| September 2026 | $710K | 20 |
Neighbourhood & location
Cathedraltown, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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
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 $760,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,202
- Property tax
- $440
- Condo / maintenance fees
- $240
- Heating
- $0
- Estimated monthly cost
- $4,882
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,475
- Estimated closing costs
- $15,475
Plus your down payment of $190,000. 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
- $252,130
- Principal paid down
- $92,858
- Interest paid
- $159,272
- Balance remaining
- $667,142
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 numbersThe last 5 whole-home leases in Cathedraltown signed at a median of $3,300 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,425. 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 HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.