15-351 Military Trail, Toronto, ON

Morningside, Toronto · MLS® E13739038

$620,000
For Sale
Listed 47 days agoNo offer date stated
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3+1Bedrooms
2Bathrooms
1Garage · 2 parking
1200-1399Sq ft

About this home

Bright And Spacious 3+1 Bedroom End Unit Town House, Well - Maintained Complex - Demand Area, Newly Painted, Close To Schools, Park, Easy Access To 401, Minutes To Centenary Hospital. Close To TTC, Shopping And Much More.

Key facts

Property type
Condo Townhouse, 3-Storey
MLS®
E13739038
Bedrooms
3+1 (4 total)
Bathrooms
2 (1 half)
Size
1200-1399 sq ft
Cross streets
Neilson/Hwy 401
Parking
1 garage · 2 parking (built-in)
Basement
Finished
Heating
Baseboard
A/C
None
Exterior
Brick, Wood
Maintenance
$515/mo
Exposure
West
Property tax
$2,264 / 2026
Days on market
47
Listing brokerage
HOMELIFE/FUTURE REALTY INC.

Rooms

Bedroom 2Third4.10 × 2.43 m

parquet · closet

Living RoomMain5.30 × 3.30 m

laminate · w/o to patio

Bedroom 4Basement4.30 × 3.20 m

Vinyl Floor

Primary BedroomThird4.62 × 3.30 m

parquet · his and hers closets

Bedroom 3Third2.84 × 2.66 m

parquet · closet

Dining RoomUpper3.10 × 2.70 m

laminate · overlooks living

KitchenUpper3.60 × 3.50 m

laminate · eat-in kitchen

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is Highcastle Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Morningside · asking prices
$650kavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market.

Per square foot, these ask about $500/sqft; this home lists at $477/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
620kThis home640k650k690k620k649kThis home vs active comparables

Neighbourhood & location

Morningside, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Malvern
$646K
West Hill
$575K
Dorset Park
$671K
Victoria Village
$754K
St. Andrew-Windfields
$929K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Highcastle Public School
65%
Highcastle Public SchoolPublic · Elementary · 0.2 km awayBelow the GTA average · 65% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Henry Hudson Senior Public School · Public elementary1.0 km
St John Paul II Catholic Secondary School · Catholic secondary1.1 km · 76% at standard
Military Trail Public School · Public elementary1.2 km · 36% at standard
Lucy Maud Montgomery Public School · Public elementary1.2 km · 74% at standard
Heather Heights Junior Public School · Public elementary1.2 km · 64% at standard
St Thomas More Catholic School · Catholic elementary1.4 km · 74% at standard
St Florence Catholic School · Catholic elementary1.5 km · 73% at standard
Woburn Junior Public School · Public elementary1.5 km · 67% at standard
Burrows Hall Junior Public School · Public elementary1.6 km · 81% at standard
George B Little Public School · Public elementary1.6 km · 54% at standard
Churchill Heights Public School · Public elementary1.8 km · 78% at standard
St Barnabas Catholic School · Catholic elementary1.9 km · 67% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,826/mo
$126KIncome needed
4.9×Price ÷ income
$652Weekly cost
$17,750Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

80%mortgage
Mortgage $2,826Property tax $189Condo fee $515Total carry $3,529

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,742per month

Mortgage amount $496,000 · 4.49% over 25 years

$124,000Down payment (20.0%)
$496,000Loan before insurance
$0CMHC premium
$3,446Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,742
Property tax
$189
Condo / maintenance fees
$515
Heating
$0
Estimated monthly cost
$3,446

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8,875
Toronto municipal land transfer tax
$8,875
Estimated closing costs
$17,750

Plus your down payment of $124,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,319/monthPayment at the qualifying rate

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

$326,741Total interest paid
$822,741Total of all payments
Principal $496,000 Interest $326,741
YearPrincipalInterestBalance
1$11,069$21,841$484,931
2$11,571$21,338$473,360
3$12,097$20,813$461,264
4$12,646$20,264$448,618
5$13,220$19,690$435,398
6$13,820$19,089$421,578
7$14,448$18,462$407,130
8$15,104$17,806$392,026
9$15,789$17,120$376,237
10$16,506$16,403$359,731
11$17,256$15,654$342,475
12$18,039$14,870$324,436
13$18,858$14,051$305,577
14$19,715$13,195$285,863
15$20,610$12,300$265,253
16$21,545$11,364$243,708
17$22,524$10,386$221,184
18$23,546$9,363$197,638
19$24,615$8,294$173,022
20$25,733$7,177$147,289
21$26,901$6,008$120,388
22$28,123$4,787$92,265
23$29,400$3,510$62,865
24$30,735$2,175$32,130
25$32,130$779$0

At the end of your 5-year term

Total paid over the term
$164,548
Principal paid down
$60,602
Interest paid
$103,946
Balance remaining
$435,398

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.

Let's connect

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

Rental yield
Estimate$4,100/mo
$49,200Gross annual rent
5.6%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

7.9%
Gross yield
− Property tax $2,264− Condo fees $6,180− Insurance $600− Vacancy & upkeep $5,412Net operating income $34,744

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/FUTURE REALTY INC.. MLS®/PropTx.

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