16 Forest Manor Place, Markham, ON
Wismer, Markham · MLS® N13828054
About this home
In short
- Welcome To This Beautifully Maintained 2-Storey Family Home, Situated On A Premium Lot Directly Facing The Park In The Highly Sought-After And Family-Friendly Wismer...
- The Main Floor Features 9-Ft Ceilings, Hardwood Flooring Throughout, A Spacious Family Room With A Gas Fireplace, Combined Living And Dining Areas, And A Versatile...
- The Gourmet Kitchen Features Quartz Countertops With A Stylish Backsplash, Stainless Steel Appliances, And Custom Cabinetry, Seamlessly Connecting To The Bright...
- The Finished Basement With A Separate Entrance Adds Exceptional Versatility, Featuring A Wet Bar, One Bedroom, And A 3-Piece Bathroom-Ideal For Extended Family...
- Conveniently Located Close To Top-Rated Schools, Including Bur Oak H.S., Community Centres, Markville Mall, GO Station, Grocery Stores, Parks, And A Wide Range Of...
Welcome To This Beautifully Maintained 2-Storey Family Home, Situated On A Premium Lot Directly Facing The Park In The Highly Sought-After And Family-Friendly Wismer Community. This Sun-Filled Executive Residence Offers Nearly 3,100 Sq. Ft. Of Upgraded Living Space With A Functional And Family-Oriented Layout. The Main Floor Features 9-Ft Ceilings, Hardwood Flooring Throughout, A Spacious Family Room With A Gas Fireplace, Combined Living And Dining Areas, And A Versatile Library Ideal For A Home Office Or Quiet Retreat. The Gourmet Kitchen Features Quartz Countertops With A Stylish Backsplash, Stainless Steel Appliances, And Custom Cabinetry, Seamlessly Connecting To The Bright Eat-In Area-Perfect For Everyday Family Meals. A Convenient Laundry Room Provides Direct Access To Both The Garage And Basement. Upstairs, The Spacious Primary Suite Offers A Private Retreat With Ample Space For A King-Sized Bed And A Comfortable Sitting Area. Two Additional Bedrooms Share A Semi-Ensuite Bathroom, The Fourth Bedroom Features The Privacy And Convenience Of Its Own Full Ensuite.The Finished Basement With A Separate Entrance Adds Exceptional Versatility, Featuring A Wet Bar, One Bedroom, And A 3-Piece Bathroom-Ideal For Extended Family, Guests, Or Potential Rental Income.Conveniently Located Close To Top-Rated Schools, Including Bur Oak H.S., Community Centres, Markville Mall, GO Station, Grocery Stores, Parks, And A Wide Range Of Everyday Amenities. A Wonderful Opportunity To Own A Spacious, Well-Maintained, And Versatile Family Home In One Of Markham's Most Desirable Neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13828054
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 48.15 × 106.79 ft
- Cross streets
- 16th Ave & Mingay Ave
- Parking
- 2 garage · 5 parking (attached)
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,920 / 2026
- Days on market
- 20
- Listing brokerage
- ANJIA REALTY
Rooms
pot lights · wet bar · 3 pc bath
w/o to patio · open concept · hardwood floor
closet · window · laminate
overlooks park · hardwood floor · french doors
combined w/dining · hardwood floor · pot lights
closet · semi ensuite · window
open concept · window
closet · overlooks park · 4 pc ensuite
overlooks backyard · his and hers closets · 4 pc ensuite
stainless steel appl · quartz counter · backsplash
combined w/living · hardwood floor · window
walk-in closet(s) · semi ensuite · overlooks park
pot lights · fireplace · hardwood floor
Listed at $1,788,000. Going by how homes in Wismer and the wider GTA have actually closed against their asking prices (about 100%, 18 local closings in 90 days), the likely sale price is near $1.79M, if it sells. A realistic range is $1.68M to $2.02M.
Independent value check: $1.70M. Without looking at the asking price, our model values the home itself about 5% below the ask (homes like it typically land between $1.59M and $1.78M).
Why $1.70M. The typical detached home sold in Wismer over the past year went for about $1.56M (75 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,920 a year; the typical home sold here pays about $6,800.
- ▲ Raises it slightly4+1 bedrooms and 5 baths, against 4+1 and 4 typically.
- ▲ Raises it slightlyIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,500 to 3,000.
Total price vs nearby homes. Likely closing about $1.79M, from 18 recent closings in this pocket.
The market behind the math:
About 1.8 months of inventory: 11 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $550/sqft against an area asking average of $575/sqft.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Wismer: 15 of the 123 detached leases here lately were basement units, around $1,750 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.
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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.87M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($550/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 18 comparable homes that sold in Wismer over the past two years, from 149 closings there.
For sale
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $586/sqft; this home lists at $550/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 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
Wismer, 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
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 $1,430,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,909
- Property tax
- $660
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,569
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,235
- Estimated closing costs
- $32,235
Plus your down payment of $357,600. 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
- $474,536
- Principal paid down
- $174,768
- Interest paid
- $299,767
- Balance remaining
- $1,255,632
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 Wismer (15 of 123 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 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 55 whole-home leases in Wismer signed at a median of $3,787 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,420. 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 ANJIA REALTY. MLS®/PropTx.