701-2020 McNicoll Avenue, Toronto, ON
Milliken, Toronto · MLS® E13450256
About this home
Welcome to Mon Sheong Court - a life lease community designed for residents aged 55+. This immaculate 1-Bedroom+Den, 2-Bathroom suite has been lovingly maintained and is move-in ready. Freshly painted and thoughtfully updated, the suite features smooth ceilings, modern lighting, and laminate flooring. Offering approximately 1,000-sf and a generous open-concept layout, this may be one of the best floor plans in the building. The kitchen features new cabinet doors, a brand new cooktop, and a water purifier (reverse osmosis system). The generously sized living room offers plenty of space and a walk-out to a private balcony with clear north-east views. The primary bedroom includes a walk-in closet and ensuite bath with a walk-in shower, built-in seat, and grab bars for convenience and peace of mind. A 3-piece bath is ideal when guests visit. The den features a custom built-in desk and wardrobe, and works well as a home office and guest room. Residents enjoy a wide range of amenities, including a fitness room, table tennis room, mahjong and card room, karaoke room, library, lounge, cafeteria, hair salon, and pharmacy. Regular activities like morning coffee, Tai Chi, dance classes, and bingo make it easy to stay active and connected. Mon Sheong Court offers 24-hour security, a monitored emergency medical alert system in the bedroom and bathroom, grocery shuttle service, meal delivery options, and nursing home application if needed. Located at Kennedy and Midland, you're steps from TTC bus stops with north-south and east-west service. Across the street, L'Amoreaux North Park offers walking/biking trails, a pond, tennis courts, and picnic tables. Enjoy easy access to Pacific Mall, numerous grocery stores, a variety of restaurants, shopping, and everyday conveniences. Management fees of $1,243 include property taxes, internet, cable TV, and all utilities (heat, hydro, water, and air conditioning). A welcoming community where you can stay active, connected, and supported.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13450256
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Located north of McNicoll and east of Kennedy
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,070/mo
- Exposure
- North East
- Property tax
- $2,076 / 2026
- Days on market
- 36
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
4 pc ensuite · walk-in closet(s) · laminate
separate room · b/i desk · laminate
breakfast bar · double sink · tile floor
ceiling fan(s) · w/o to balcony · laminate
combined w/living · open concept · laminate
Listed at $508,000, this home is about 6% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($462/sqft) is in line with the area, so you are paying for extra space rather than a premium.
In Milliken lately, sellers have been getting about 96% of asking and homes sell in about 33 days.
Based on 78 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 78 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $479K, a close match.
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, sold for $415K
- Adjusts to $415K
That comparable adjusts to $415K; the $481K estimate above is the median of all 78 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
On schools, this address is zoned for Lynnwood Heights Junior 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.
Total price vs nearby homes. Fair value about $481K, median of 78 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.
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 0% above the area average of $461/sqft.
35 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Milliken, 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 $406,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,169
- Property tax
- $173
- Condo / maintenance fees
- $1,070
- Heating
- $0
- Estimated monthly cost
- $3,412
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,635
- Toronto municipal land transfer tax
- $6,635
- Estimated closing costs
- $13,270
Plus your down payment of $101,600. 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
- $130,122
- Principal paid down
- $51,755
- Interest paid
- $78,367
- Balance remaining
- $354,645
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.