48 Tower Drive, Toronto, ON
Wexford-Maryvale, Toronto · MLS® E13687620
About this home
In short
- RENOVATED & MOVE-IN READY.
- Step into the open-concept living, dining, and kitchen area flooded with natural light and finished with hardwood floors - whether hosting family or entertaining...
- Walk out to the expansive deck and enjoy summer evenings overlooking your private backyard with no neighbours behind and stunning sunset views.
- Upstairs, you'll find 4 spacious bedrooms with hardwood floors throughout, including a primary suite complete with a walk-in closet and semi-ensuite access (with more...
- Close to parks, schools, shopping, dining, public transit, Highway 401, and the DVP, making commuting across the city a breeze.
***4 BEDROOMS!!! RENOVATED & MOVE-IN READY!!! BACKING ONTO GREENSPACE!!!*** Nestled in the heart of Wexford-Maryvale, this beautiful family home offers the perfect blend of suburban charm and urban convenience. Boasting 1950 sq ft of above-grade living space, this property delivers the space today's families are searching for. The main floor welcomes you with a bright, spacious foyer featuring a large closet and a 2-piece bath with cozy in-floor heating. Step into the open-concept living, dining, and kitchen area flooded with natural light and finished with hardwood floors - whether hosting family or entertaining friends, this inviting space brings everyone together. Walk out 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 stylish and functional, featuring granite countertops, stainless steel appliances, and timeless finishes. Upstairs, you'll find 4 spacious bedrooms with hardwood floors throughout, including a primary suite complete with a walk-in closet and semi-ensuite access (with more cozy in-floor heating!). The basement provides abundant additional space ready to suit your needs. Partially finished and versatile, it's perfect for a home office, gym, rec room, or hobby space, while offering ample storage and future potential to grow with you. Located within an established family-friendly community with mature tree-lined streets, pride of ownership, and a 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®
- E13687620
- Bedrooms
- 4
- Bathrooms
- 2 (1 half)
- Size
- 1500-2000 sq ft
- 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
- 33
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
pot lights · window · double closet
stainless steel appl · centre island · renovated
hardwood floor · fireplace · open concept
hardwood floor · window · closet
hardwood floor · w/o to deck · open concept
hardwood floor · walk-in closet(s) · semi ensuite
double doors · broadloom · large window
hardwood floor · window · closet
hardwood floor · window
Listed at $1,199,000. Recent sales of homes like it put this one around $927K, so the ask is about 29% above what similar homes have sold for.
If it sells at this ask, expect about $1.20M, typically $1.14M to $1.25M: that is where homes here have closed against their asks in the last 90 days (32 closings).
The ask and what recent sales support disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).
Total price vs nearby homes. Fair value about $927K, learned from recent GTA sales.
The market behind the math:
About 0.5 months of inventory: 5 detached homes for sale in the area against 32 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $685/sqft against an area asking average of $722/sqft. Size and $/sqft both feed the estimate above.
- Park / green-space backing. The listing says this home backs onto or abuts a park or green space. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 83 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $980K. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. 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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($685/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 83 comparable homes that sold in Wexford-Maryvale over the past two years, from 254 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 $927K, which is where my estimate comes from.
Per square foot, these ask about $722/sqft; this home lists at $685/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & 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.
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 4.24% via Ratehub.ca (as of September 18, 2026); conventional rates run a little higher.
Mortgage amount $959,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,250
- Property tax
- $380
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,630
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,455
- Toronto municipal land transfer tax
- $20,455
- Estimated closing costs
- $40,910
Plus your down payment of $239,800. 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
- $315,025
- Principal paid down
- $118,598
- Interest paid
- $196,427
- Balance remaining
- $840,602
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 30 whole-home leases in Wexford-Maryvale signed at a median of $2,959 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,375. 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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.