Adding ionic species can critically affect the structure of weak polyelectrolyte (PE) chains, whose charge density in aqueous solution can be greatly regulated by bathing solution conditions such as pH and added ions. Distinct from simple ions that can be treated as point charges, multivalent macroions of finite size, including many charged nanoparticles and biopolymers, could show strong electrostatic coupling with PEs and effectively modify the conformation and assembly of PEs in aqueous solution. In this work, we have compared the effects of hydrophilic multivalent macroion of finite size and simple divalent ion on the conformational transition of a model weak polybase, poly(2-vinylpyridine) (P2VP), in dilute aqueous solution. By using fluorescence correlation spectroscopy combined with photon counting histogram analysis, we have examined the swollen-to-collapsed conformational transition and local electric potential of a P2VP chain in ionic aqueous solution at a single-molecule level. Adding inorganic polytungstate ([W-12]) macroion bearing eight negative charges per [W12] of nm in diameter at increased concentration from 10(-9) to 10(-5) mM can lead to a shift of the critical conformational transition pH, pH, of P2VP to lower pH values, in an opposite trend to the previously reported effect of adding simple monovalent anion. Conversely, adding simple divalent sulfate anion can lead to a nonmonotonic change of pH(cr) when increasing its concentration from 0.03 to 15 mM. Additionally, at pH < pH(cr) where P2VP is highly protonated and adopts a swollen conformation, a monotonic decrease of P2VP size is observed with increased sulfate ionic concentration, exhibiting the typical ionic screening effect. In contrast, the size of the P2VP chain shows little change with increasing [W-12] concentration before the precipitation of P2VP from water. To investigate the distinct effects of multivalent ion and macroion on the conformational transition of P2VP in aqueous solution, we have also measured the local proton concentration in the vicinity to a P2VP chain by an attached pH-sensitive fluorescence probe. In both cases, we have observed the monotonic reduction of the local electric potential of a swollen P2VP chain with increased ionic concentration, despite the increased protonation degree of P2VP. The results suggest that counterion condensation of multivalent ion and macroion can modify the effective net charge density of P2VP chains in dilute aqueous solution. However, possibly due to its high multivalency and finite size, multivalent [W-12] macroion is much more effective in modifying the local electric environment and structure of P2VP chains at 3-7 orders of magnitude lower concentrations than simple sulfate counterion.