609-3050 Ellesmere Road, Toronto, ON

Morningside, Toronto · MLS® E13417986

$389,000
For Sale
Listed 39 days ago
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3Bedrooms
2Bathrooms
1Garage
800-899Sq Ft

About this home

Spacious 2+1 Bedroom - Functions as a Full 3- Bedroom Home. Plus 2-bath condo, -ideal for investors or owner-occupiers. Bright, functional floor plan suits families or a work-from-home setup. Condo fee covers all utilities (electricity, heating, water), central air, parking and locker. Enjoy unobstructed views of natural greenspace. Prime location: steps to University of Toronto Scarborough and Centennial College, minutes to GO trains, TTC access and Hwy 401. Nearby shopping, groceries, restaurants, parks, hospital and the Pan Am/Olympic facilities.Building amenities include 24-hour concierge, indoor pool, gym, party room, games room, guest suites, sauna, security guards and visitor parking. Don't miss this opportunity!

Key facts

Property type
Condo Apartment, Apartment
MLS®
E13417986
Bedrooms
3 (2 + 1)
Bathrooms
2
Size
800-899
Cross streets
Ellesmere Rd. & Morningside Ave.
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$867/mo
Exposure
North West
Property tax
$1,258 / 2026
Days on market
39
Listing brokerage
HC REALTY GROUP INC.
Moe’s TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.

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.

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.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
  • Weigh carefully
  • Value driver
Comparable listingsCurrently listed nearby · asking prices
$748kavg asking

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

520-3220 Sheppard Avenue$659k608-185 Legion Road$675k2409-10 Parklawn Road$749k503-90 Queens Wharf Road$808k606-478 King Street$850k

The 5 closest of 6 active listings nearby.

See all comparable homes
389kThis home659k675k749k808k850kThis home vs active comparables
Live market pulseActive comparables in Morningside · median list $425K
$458this home / sqft
6active listings nearby
39days on market

This home lists 18% above the area average of $388/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
$1.57M
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
$90KIncome needed
4.3×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.

65%mortgage
Mortgage $1,773Property tax $105Condo fee $867Total carry $2,745

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
$2,633Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,661
Property tax
$105
Condo / maintenance fees
$867
Heating
$0
Estimated monthly cost
$2,633

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$2,700/mo
$32,400Gross annual rent
4.3%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.

8.3%
Gross yield
− Property tax $1,258− Condo fees $10,406− Insurance $600− Vacancy & upkeep $3,564Net operating income $16,571

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

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