48 Tower Drive, Toronto, ON
Wexford-Maryvale, Toronto · MLS® E13420118
About this home
Nestled in the heart of sought-after Wexford-Maryvale, this beautiful family home offers the perfect blend of suburban charm and urban convenience. Boasting a substantial rear addition that nearly doubles the square footage compared to many homes in the neighbourhood, this property delivers the space today's families have been searching for. The thoughtfully designed main floor features a bright, open-concept living, dining, and kitchen area flooded with natural light & hardwood floors. Whether you're hosting family gatherings or entertaining friends, this inviting space is designed to bring everyone together. Step outside to the expansive deck and enjoy summer evenings overlooking your private backyard with no neighbours behind and stunning sunset views. In the cooler months, gather around the custom wood-burning fireplace, creating the perfect cozy retreat. The updated kitchen is both stylish and functional, featuring granite countertops, S/S appliances, and tasteful finishes that complement the home's timeless appeal. Upstairs, you'll find four spacious bedrooms, including a generously sized primary suite complete with a walk-in closet & semi-ensuite access. With room for the whole family, this upper level offers comfort, flexibility, and everyday convenience (& more beautiful hardwood!). The basement provides an abundance of additional living space ready to suit your needs. Partially finished and highly versatile, it's perfect for a home office, gym, rec room, or hobby space, while still offering ample storage and future potential to customize and grow with you. Located within an established and family-friendly community with mature tree-lined streets, pride of ownership, and welcoming atmosphere. Close to parks, schools, shopping, dining, public transit, Highway 401, and the DVP, making commuting across the city a breeze. Beautifully updated, lovingly cared for, and move-in ready...there's nothing left to do but pack your bags!
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- E13420118
- Bedrooms
- 4
- Bathrooms
- 2 (1 half)
- Size
- 1500-2000
- Lot
- 40 × 125 ft
- Cross streets
- Warden Ave & Lawrence Ave E
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,559 / 2026
- Days on market
- 44
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
hardwood floor · window · closet
stainless steel appl · centre island · renovated
hardwood floor · window
hardwood floor · window · closet
hardwood floor · walk-in closet(s) · semi ensuite
double doors · broadloom · large window
hardwood floor · fireplace · open concept
pot lights · window · double closet
hardwood floor · w/o to deck · open concept
Listed at $1,250,000, and my independent estimate is right in line with comparable homes.
In Wexford-Maryvale lately, sellers get about 101% of asking; homes sell in ~18 days.
Total price vs nearby homes. Fair value about $1.19M, median of 48 comparables.
How this estimate is builtthe short version
I take the 48 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $889K, lower than the comparables and worth a second look.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Buchanan Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 48 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 1% above the area average of $710/sqft.
43 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Wexford-Maryvale, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,000,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,336
- Property tax
- $380
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,716
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,475
- Toronto municipal land transfer tax
- $21,475
- Estimated closing costs
- $42,950
Plus your down payment of $250,000. 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
- $320,182
- Principal paid down
- $127,350
- Interest paid
- $192,832
- Balance remaining
- $872,650
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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.