51 Lorna Rae Boulevard, Toronto, ON
Milliken, Toronto · MLS® E13790208
About this home
In short
- Welcome to this beautifully maintained detached home in the highly sought-after Milliken community.
- Bright, spacious, and inviting, this home offers a warm and comfortable setting for family living, featuring hardwood flooring throughout, a generous and functional...
- The finished basement features a separate entrance, two bedrooms, a kitchen, a 3-piece bathroom, and new vinyl flooring, offering excellent flexibility for extended...
- Ideally situated close to parks, schools, public transit, plazas, restaurants and banks, with Pacific Mall, supermarkets and the GO Train just a few minutes' drive away.
Welcome to this beautifully maintained detached home in the highly sought-after Milliken community! Bright, spacious, and inviting, this home offers a warm and comfortable setting for family living, featuring hardwood flooring throughout, a generous and functional layout, and an expansive family room with a beautiful bay window that fills the space with natural light. The home has been thoughtfully updated over the years, including the roof, windows, flooring, air conditioning and heating systems. The finished basement features a separate entrance, two bedrooms, a kitchen, a 3-piece bathroom, and new vinyl flooring, offering excellent flexibility for extended family and additional living needs, as well as excellent rental income potential. Step outside to the new oversized deck, perfect for summer gatherings or simply relaxing with family and friends. Ideally situated close to parks, schools, public transit, plazas, restaurants and banks, with Pacific Mall, supermarkets and the GO Train just a few minutes' drive away. Enjoy the best of comfortable family living in a vibrant, established community with everyday amenities right at your doorstep. Don't miss this wonderful opportunity.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13790208
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 25.37 × 125 ft
- Cross streets
- Brimley / Steeles
- Parking
- 1 garage · 3 parking (built-in)
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,181 / 2025
- Days on market
- 4
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
ceramic floor · ceramic backsplash · family size kitchen
hardwood floor · bay window · fireplace
Vinyl Floor
hardwood floor · large window · combined w/dining
vinyl floor · window
hardwood floor · 4 pc ensuite · walk-in closet(s)
ceramic floor · combined w/kitchen · window
hardwood floor · window · closet
hardwood floor · window · closet
hardwood floor · w/o to deck · combined w/living
Listed at $929,000, which is about 8% below what comparable homes suggest.
The usual discount does not apply here. Homes listed this far under their comparable sales often close at or above the ask, so no closing range is shown.
Total price vs nearby homes. Fair value about $1.01M, learned from recent GTA sales.
The market behind the math:
About 1.5 months of inventory: 10 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $531/sqft against an area asking average of $674/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Milliken: 13 of the 77 detached leases here lately were basement units, around $1,500 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
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 86 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.06M. Condition and finishes remain an in-person call.
What the listing highlights4 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (Port Royal Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 86 comparable homes that sold in Milliken over the past two years, from 135 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $681/sqft; this home lists at $531/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesNeighbourhood & 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.
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 $743,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,068
- Property tax
- $432
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,500
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,055
- Toronto municipal land transfer tax
- $15,055
- Estimated closing costs
- $30,110
Plus your down payment of $185,800. 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
- $244,085
- Principal paid down
- $91,891
- Interest paid
- $152,194
- Balance remaining
- $651,309
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
The suite is real income here: basements rent in Milliken (13 of 77 recent detached leases were basement units, around $1,500 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,500 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 32 whole-home leases in Milliken signed at a median of $3,294 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,507. 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 HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.