53 Milford Haven Drive, Toronto, ON
Morningside, Toronto · MLS® E13649084
About this home
In short
- A smart financial move for buyers.
- Beautifully renovated detached bungalow in a highly desirable, family-friendly Scarboroughneighbourhood.
- This move-in-ready home features 3 spacious bedrooms on the main floor,hardwood flooring throughout, and a modern kitchen with quartz countertops, pot lights...
- Major updates include a new furnace, new central A/C, and a new roof foradded peace of mind.
- The professionally finished basement with a separate entrance offers two self-contained suites(2-bedroom + 1-bedroom), providing exceptional flexibility for rental...
A smart financial move for buyers! Live upstairs while the two self-contained basement suiteshave the potential to generate up to $3,500/month in rental income (subject to marketconditions), helping offset a significant portion of your mortgage and making homeownershipmore affordable.Beautifully renovated detached bungalow in a highly desirable, family-friendly Scarboroughneighbourhood! This move-in-ready home features 3 spacious bedrooms on the main floor,hardwood flooring throughout, and a modern kitchen with quartz countertops, pot lights, andstylish finishes. Major updates include a new furnace, new central A/C, and a new roof foradded peace of mind.The professionally finished basement with a separate entrance offers two self-contained suites(2-bedroom + 1-bedroom), providing exceptional flexibility for rental income, extended family,or multi-generational living.Ideally located just minutes from Centennial College, the University of Toronto ScarboroughCampus, Highway 401, TTC, schools, parks, shopping, and everyday amenities. A rare opportunityoffering modern living, outstanding income potential, and exceptional long-term value
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- E13649084
- Bedrooms
- 3+3 (6 total)
- Bathrooms
- 4
- Size
- 700-1100 sq ft
- Lot
- 96.36 × 45 ft
- Cross streets
- Markham / Ellesmere
- Parking
- 4 parking
- Driveway
- Available
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick, Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,657 / 2025
- Days on market
- 73
- Listing brokerage
- RE/MAX COMMUNITY REALTY INC.
Rooms
3 pc ensuite · laminate
stainless steel appl · laminate
Laminate
hardwood floor · closet · window
stainless steel appl · quartz counter · ceramic floor
3 pc ensuite · hardwood floor · closet
Laminate
hardwood floor · closet · window
3 pc ensuite · laminate
hardwood floor · combined w/kitchen
Listed at $949,000. Going by how homes in Morningside and the wider GTA have actually closed against their asking prices (about 99%, 10 local closings in 90 days), the likely sale price is near $935K, if it sells. A realistic range is $876K to $1.05M.
Independent value check: $828K. Without looking at the asking price, our model values the home itself about 13% below the ask (homes like it typically land between $775K and $867K).
Why $828K. The typical detached home sold in Morningside over the past year went for about $840K (49 sales). What sets this one apart:
- ▲ Raises it3+3 bedrooms and 4 baths, against 3+1 and 2 typically.
- ▼ Lowers itIt is 700 to 1,100 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it slightlyIts lot is 96 by 45 ft; the typical lot sold here is 50 by 120.
Longer on the market than typical. 73 days on the market against about 24 for homes like it here, and asking 15% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $935K, from 10 recent closings in this pocket.
The market behind the math:
About 4.2 months of inventory: 14 detached homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,054/sqft against an area asking average of $685/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $746K. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- 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
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Woburn Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Morningside, so I widened the search to the surrounding area.
Based on 10 comparable homes that sold in Morningside over the past two years, from 82 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $828K, which is where my estimate comes from.
Per square foot, these ask about $926/sqft; this home lists at $1,054/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,360 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 776 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 678 |
Neighbourhood & location
Morningside, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $759,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,198
- Property tax
- $305
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,502
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,455
- Toronto municipal land transfer tax
- $15,455
- Estimated closing costs
- $30,910
Plus your down payment of $189,800. 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
- $251,865
- Principal paid down
- $92,760
- Interest paid
- $159,105
- Balance remaining
- $666,440
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 numbersThe last 9 whole-home leases in Morningside signed at a median of $2,100 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,170. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX COMMUNITY REALTY INC.. MLS®/PropTx.