1007-120 Varna Drive, Toronto, ON
Englemount-Lawrence, Toronto · MLS® C13458208
About this home
Experience The Pinnacle Of Modern Urban Living At Yorkdale II Condos Within This Meticulously Designed 2-Bedroom Suite. Engineered For Maximum Efficiency, The Floor Plan Features A Seamless Flow That Entirely Eliminates Wasted Square Footage. Expansive Floor-To-Ceiling Windows Bathe The Interior In Natural Light While Offering Serene, Unobstructed Views Overlooking Local Parkette. The Residence Exemplifies Contemporary Sophistication Through High-End Finishes, Including Quartz Countertops, Engineered Wood Flooring, And Stainless Steel Appliances. Spanning A Total Of 674 Sq Ft, The Interior Space Extends To A Generous 112 Sq Ft Full-Size Balcony, Providing A Private Sanctuary Ideal For Morning Coffee Or Evening Relaxation. The Surrounding Community Offers An Unrivaled Lifestyle Defined By Unmatched Connectivity And Convenience. Situated Just Steps From The Subway Station, Residents Benefit From Seamless And Direct Commutes To York University, The University Of Toronto, And The Vibrant Downtown Core. Beyond Exceptional Transit Links, This Suite Is Positioned Within Immediate Proximity To World-Class Shopping And Dining At Yorkdale Mall. With Strategic Access To Highway 401 And Allen Road Also Nearby, This Property Represents A Rare Opportunity To Secure Perfect Blend Of Modern Luxury And Transit-Oriented Convenience In One Of Toronto's Most Accessible And Desirable Neighborhoods.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13458208
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- Ranee/Allen
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Not Applicable
- Roof
- Not Applicable
- Maintenance
- $471/mo
- Exposure
- North
- Property tax
- $2,256 / 2026
- Days on market
- 30
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
stainless steel appl · quartz counter · backsplash
laminate · closet · sliding doors
laminate · combined w/dining · w/o to balcony
laminate · closet · large window
laminate · combined w/living
Listed at $429,900, this home is about 8% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $473K, a bit higher.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $519K
- Bedrooms +$30K
- Adjusts to $549K
That comparable adjusts to $549K; the $397K estimate above is the median of all 7 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is John Polanyi Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Varna Dr at Ranee Ave South Side is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $397K, median of 7 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 7% above the area average of $728/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Englemount-Lawrence, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Varna Dr at Ranee Ave South Side, about 25 m away
Within a 15-minute (1.5 km) walk.
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). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
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 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $343,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,835
- Property tax
- $188
- Condo / maintenance fees
- $471
- Heating
- $0
- Estimated monthly cost
- $2,494
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,073
- Toronto municipal land transfer tax
- $5,073
- Estimated closing costs
- $10,146
Plus your down payment of $85,980. 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
- $110,117
- Principal paid down
- $43,798
- Interest paid
- $66,319
- Balance remaining
- $300,122
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 REALTY INC.. MLS®/PropTx.