501-85 Skymark Drive, Toronto, ON
Hillcrest Village, Toronto · MLS® C13572674
About this home
Welcome To Luxury Living At The "Classic of Skymark" With First Class Services In Toronto. This Fully Redesigned And Renovated Open Concept Unit Was Featured On "Love it Or List It" Show! Den Could Be Easily Converted To 3rd Bedroom If Needed. Offering Elegance And Perfection With Plenty Of Natural Light Streaming Through Floor To Ceiling Windows With South East Views. Enjoy The Double Sided Napoleon Fireplace Built And Beautiful Quartz Accent Walls. Custom Kitchen W/ Central Island/Breakfast Bar With Waterfall And LED Lighting, Quartz Countertop B/I LG Stainless Steel Appliances. Premium Engineered Hardwood Floors And Custom B/I Closets Throughout. Designer Light Fixtures. A Unique Master Bathroom W. Quartz Accent Wall And Counter Top, Custom Made Vanities. Located Steps To Seneca, Schools, Shopping Malls, Transit And HWY404. Rarely Offered 2 Tandem Parking Spots! Luxury Amenities: Indoor & Outdoor Pools, Gym, Guest Suite, Squash & Tennis Court, Library, Visitor Parking, 24 Hrs Gatehouse & Security. Enjoy The Modern Luxury Living While Having Abundance Of Space. A Must See Unit, One Of A Kind!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13572674
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 2000-2249
- Cross streets
- Finch and Don Mills
- Parking
- 2 garage (built-in)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,825/mo
- Exposure
- South East
- Property tax
- $4,335 / 2025
- Days on market
- 1
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
closet · tile floor · mirrored walls
large window · hardwood floor · 2 way fireplace
large window · hardwood floor · 2 way fireplace
w/o to balcony · hardwood floor · b/i closet
b/i appliances · quartz counter · hardwood floor
wall sconce lighting · hardwood floor · b/i bar
w/o to balcony · hardwood floor · 5 pc ensuite
Listed at $1,198,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.05M, a bit lower. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $1.35M
- Size difference +$135K
- Bathrooms −$15K
- Adjusts to $1.47M
That comparable adjusts to $1.47M; the $1.30M estimate above is the median of all 6 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.
On schools, this address is zoned for Hillmount Public School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, this is a very walkable address with everyday errands close by. Don Mills Rd at Premier Davis Blvd (Seneca College) 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 $1.30M, median of 6 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 3% below the area average of $583/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Hillcrest Village, 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: Don Mills Rd at Premier Davis Blvd (Seneca College), about 91 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 $958,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,114
- Property tax
- $361
- Condo / maintenance fees
- $1,825
- Heating
- $0
- Estimated monthly cost
- $7,301
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,435
- Toronto municipal land transfer tax
- $20,435
- Estimated closing costs
- $40,870
Plus your down payment of $239,600. 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
- $306,863
- Principal paid down
- $122,052
- Interest paid
- $184,810
- Balance remaining
- $836,348
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 RIGHT AT HOME REALTY. MLS®/PropTx.