501-180 Markham Road, Toronto, ON
Scarborough Village, Toronto · MLS® E13122534
About this home
Don't miss the opportunity to own this beautiful 2-bedroom, 1.5-bathroom condominium suite featuring a long balcony which brings in natural light throughout. This spacious, move-in ready suite has been freshly painted and features elegant wood flooring throughout.The kitchen is equipped with granite countertops, a Samsung electric oven, Whirlpool refrigerator, and a newly installed dishwasher.The master bedroom includes a 1/2 bathroom and a large closet for storage, while the second bedroom also offers a generous closet space.Both bathrooms have been newly renovated with unique finishes. Features underground parking and a storage locker. Maintenance fees include utilities such as electricity, heat, water, Rogers high-speed internet, and cable TV - offering exceptional value and convenience. Area is TTC transit friendly including accessible by express TTC buses such as 986 and 905. Is close to Go Stations and Kennedy Subway Station, as well as several schools, daycares, places of worship, banks, local restaurants and fast food chains such as McDonald's, Pizza Pizza, Tim Hortons, Starbucks, and Popeyes Louisiana Kitchen within walking distance or a short drive/ bus ride.Also well-positioned for healthcare, pharmacy, library, and recreation access, as well as for grocery and shopping such as at Batala Supermarket, Dollarama, Metro, and Walmart.A wonderful opportunity to own a spacious unit in a family-friendly location! Book a tour to visit this unit. You won't be dissappointed.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13122534
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 900-999
- Cross streets
- Markham Road & Eglinton Ave
- Parking
- 1 parking
- Basement
- None
- Heating
- Baseboard
- A/C
- None
- Exterior
- Brick, Concrete
- Maintenance
- $977/mo
- Exposure
- West
- Property tax
- $989 / 2026
- Days on market
- 65
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
walk-in closet(s) · 2 pc ensuite
eat-in kitchen · double sink · tile floor
hardwood floor · closet
hardwood floor · window · l-shaped room
hardwood floor · combined w/living · w/o to balcony
Listed at $369,900, 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 $346K, lower than the comparables and worth a second look. 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 $490K
- Adjusts to $490K
That comparable adjusts to $490K; the $444K 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.
The assigned public school is Scarborough Village Public School. 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. Markham Rd at Markanna Dr is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $444K, 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
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 16% below the area average of $466/sqft.
64 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Scarborough 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: Markham Rd at Markanna Dr, about 147 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 $295,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,579
- Property tax
- $82
- Condo / maintenance fees
- $977
- Heating
- $0
- Estimated monthly cost
- $2,639
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,024
- Toronto municipal land transfer tax
- $4,024
- Estimated closing costs
- $8,047
Plus your down payment of $73,980. 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
- $94,748
- Principal paid down
- $37,685
- Interest paid
- $57,063
- Balance remaining
- $258,235
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.