49 Greendowns Drive, Toronto, ON
Scarborough Village, Toronto · MLS® E13595136
About this home
Newly built 4+1 bedroom, 5-bathroom detached residence situated on a 45 ft x 112 ft premium lot in Scarborough Village, one of Scarborough's most desirable and established communities. This home is thoughtfully designed to deliver luxury family living, functional space, and income or multigenerational flexibility. The main level features 9-foot ceilings and an impressive double-height foyer, creating strong visual impact and excellent natural light. An open-concept layout connects the living, dining, and kitchen areas, ideal for both everyday living and entertaining. The living room is anchored by a modern gas fireplace feature wall that adds warmth and architectural interest. The gourmet kitchen is fully equipped with a built-in refrigerator, 36-inch gas range, walk-in pantry, custom coffee bar, and a large central island suitable for casual dining or hosting guests. The second floor offers four generously sized bedrooms and three full bathrooms, including a tranquil primary suite with a spa-inspired five-piece ensuite. A dedicated second-floor laundry room enhances daily convenience. The fully finished basement, accessed through a separate private entrance, includes a complete kitchen, bedroom, bathroom, and separate laundry facilities. This space is ideal for extended family living, in-law or nanny accommodation, or rental income. Additional features include a double-car garage with extra-height doors, an interlocking driveway with parking for up to four vehicles, and close proximity to schools, parks, public transit, and local amenities. A rare opportunity to own a modern, high-quality home with upscale finishes and flexible long-term use potential in Scarborough Village.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13595136
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500
- Lot
- 45.11 × 112.47 ft
- Cross streets
- Greendowns Dr & Lochleven Dr
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick, Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,714 / 2025
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Listed at $1,389,900, this home is about 12% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Scarborough Village lately, sellers have been getting about 97% of asking and homes sell in about 28 days.
There were not many closely comparable homes right in Scarborough Village, so I widened the search to the surrounding area.
Based on 86 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 86 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.60M, 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 $1.20M
- Bathrooms +$15K
- Adjusts to $1.22M
That comparable adjusts to $1.22M; the $1.59M estimate above is the median of all 86 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.
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.
Total price vs nearby homes. Fair value about $1.59M, median of 86 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. 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
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 32% below the area average of $904/sqft.
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.
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 22, 2026); conventional rates run a little higher.
Mortgage amount $1,111,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,934
- Property tax
- $643
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,576
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,273
- Toronto municipal land transfer tax
- $24,273
- Estimated closing costs
- $48,546
Plus your down payment of $277,980. 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
- $356,017
- Principal paid down
- $141,603
- Interest paid
- $214,414
- Balance remaining
- $970,317
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 HALLMARK REALTY LTD.. MLS®/PropTx.