1701-3050 Ellesmere Road, Toronto, ON

Morningside, Toronto · MLS® E13238208

$389,000
For Sale
Listed 44 days ago
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2Bedrooms
2Bathrooms
1Garage · 2 parking
900-999Sq Ft

About this home

**2 Parking Spots+4 Lockers**!!! Excellent Unobstructed South East View From The 17th Floor, Top To Bottom Renovations With Excellent Finishes And Comfort. Big Size Den With Large Window Has Been Renovated Into Second Bedroom. Perfectly Located Within Walking Distance to the University of Toronto Scarborough, Centennial College, Panam Sports Centre, Centenary Hospital. The master bedroom comes equipped with an Ensuite Bath and Walk-in Closet. The ensuite laundry adds convenience, while the meticulously maintained interior reflects the care of the current owner. Mapledale Condos is a haven of luxury, offering a full suite of amenities including a 24-hour concierge, indoor pool, full gym, sauna, tennis court, party room, and recreation room. Plus, all utilities are covered by the maintenance fee, ensuring a worry-free lifestyle. With the TTC right at your doorstep, quick access to Hwy 401, and a vibrant neighbourhood full of shopping, dining, and parks, this location is unbeatable.

Key facts

Property type
Condo Apartment, Apartment
MLS®
E13238208
Bedrooms
2
Bathrooms
2 (1 half)
Size
900-999
Cross streets
Ellesmere/Morningside
Parking
1 garage · 2 parking (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$988/mo
Exposure
South East
Property tax
$1,335 / 2025
Days on market
44
Listing brokerage
RE/MAX REALTRON REALTY INC.

Rooms

Dining RoomGround6.93 × 4.88 m

laminate · combined w/living · open concept

KitchenGround2.85 × 2.20 m

laminate · backsplash · ceiling fan(s)

Primary BedroomGround5.08 × 3.15 m

laminate · 4 pc ensuite · closet

DenGround3.16 × 3.00 m

laminate · open concept · window

Living RoomGround6.93 × 4.88 m

laminate · combined w/dining · open concept

Listing history

  1. Jun 23, 2026Listed$2,400

Price and status history from the listing board. Deemed reliable but not guaranteed.

Moe’s TakeTeam Asgarian · Broker
In line
$401Kest. value

Listed at $389,000, this home is right in line with comparable homes. 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 $393K, a close match. 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 $389K
  • Size difference +$44K
  • Bedrooms −$30K
  • Adjusts to $403K

That comparable adjusts to $403K; the $401K 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 Military Trail 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. Ellesmere Rd at Mornelle Crt is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$241KGreat deal$476KOverpriced

Total price vs nearby homes. Fair value about $401K, 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.
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
  • Primary suite: a key comfort and resale feature.
  • Value driver
  • Weigh carefully
  • Lifestyle
Comparable listingsCurrently listed nearby · asking prices
$439kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

714-100 Wingarden Court$440k307-1111 Steeles Avenue$459k817-20 Dean Park Road$500k701-45 Sunrise Avenue$375k1104-11 Wincott Drive$420k

The 5 closest of 8 active listings nearby.

See all comparable homes
389kThis home440k459k500k375k420kThis home vs active comparables
Live market pulseActive comparables in Morningside · median list $400K
$410this home / sqft
6active listings nearby
44days on market

This home lists 3% below the area average of $421/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Morningside, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

72/ 100

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: Ellesmere Rd at Mornelle Crt, about 227 m away

20+ transit stops2 grocery20+ dining20+ parks7 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Banbury-Don Mills
$500K
Willowdale East
$441K
Willowdale West
$770K
Annex
$1.39M
Church-Yonge Corridor
$577K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Military Trail Public School
36%
Military Trail Public SchoolPublic · Elementary · 0.4 km awayBelow the GTA average · 36% meet the provincial standard
West Hill Collegiate InstituteEQAO results not published

Affordability & Mortgage

Affordability
$1,773/mo
$93KIncome needed
4.2×Price ÷ income
$409Weekly cost
20% down4.79%25-yr amortization

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.

62%mortgage
Mortgage $1,773Property tax $111Condo fee $988Total carry $2,872

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$1,661per month

Mortgage amount $311,200 · 4.14% over 25 years

$77,800Down payment (20.0%)
$311,200Loan before insurance
$0CMHC premium
$2,760Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,661
Property tax
$111
Condo / maintenance fees
$988
Heating
$0
Estimated monthly cost
$2,760

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$4,310
Toronto municipal land transfer tax
$4,310
Estimated closing costs
$8,620

Plus your down payment of $77,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,017/monthPayment at the qualifying rate

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

$187,004Total interest paid
$498,204Total of all payments
Principal $311,200 Interest $187,004
YearPrincipalInterestBalance
1$7,290$12,638$303,910
2$7,595$12,333$296,314
3$7,913$12,015$288,401
4$8,244$11,684$280,157
5$8,589$11,339$271,569
6$8,948$10,980$262,621
7$9,322$10,606$253,298
8$9,712$10,216$243,586
9$10,119$9,810$233,467
10$10,542$9,386$222,926
11$10,983$8,945$211,943
12$11,442$8,486$200,501
13$11,921$8,007$188,580
14$12,419$7,509$176,161
15$12,939$6,989$163,222
16$13,480$6,448$149,742
17$14,044$5,884$135,698
18$14,631$5,297$121,067
19$15,243$4,685$105,823
20$15,881$4,047$89,942
21$16,545$3,383$73,397
22$17,237$2,691$56,160
23$17,958$1,970$38,202
24$18,709$1,219$19,492
25$19,492$436$0

At the end of your 5-year term

Total paid over the term
$99,641
Principal paid down
$39,631
Interest paid
$60,009
Balance remaining
$271,569

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.

Let's connect

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

Rental yield
Estimate$3,050/mo
$36,600Gross annual rent
4.8%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

9.4%
Gross yield
− Property tax $1,335− Condo fees $11,857− Insurance $600− Vacancy & upkeep $4,026Net operating income $18,783

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS®/PropTx.

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