503-180 Markham Road, Toronto, ON

Scarborough Village, Toronto · MLS® E13836632

$449,000
For Sale
Listed 21 days agoNo offer date stated
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3Bedrooms
2Bathrooms
1Garage
1200-1399Sq ft

About this home

In short

  • Fantastic huge south west facing 3 bed, 2 full bath corner suite with two large balconies.
  • Rare open concept kitchen.
  • Well-managed building with great amenities, including a large outdoor swimming pool, gym, sauna, party room and more.

Fantastic huge south west facing 3 bed, 2 full bath corner suite with two large balconies. Beautiful natural light throughout. Rare open concept kitchen. Freshly painted and move in ready. This family sized condo is one of the best deals out there! Newer kitchen with stone countertops. Kitchen, living, & dining room feature vinyl plank flooring. Bedrooms are carpeted. The sprawling primary bedroom includes armoires for added storage and a full ensuite bath. Maintenance fees include all utilities, electricity, heat, water as well as Rogers high-speed internet & cable. Well-managed building with great amenities, including a large outdoor swimming pool, gym, sauna, party room and more! Just steps from Metro, Walmart, Tim Hortons, Starbucks, McDonald's and a variety of local dining options and schools. Easy access to both the TTC and GO Station. Underground parking and locker included in purchase price. Lots of improvements to this suite that make it one of the best in the building! Updated Electrical. Pet friendly building.

Key facts

Property type
Condo Apartment, Apartment
MLS®
E13836632
Bedrooms
3
Bathrooms
2
Size
1200-1399 sq ft
Cross streets
Markham/Eglinton
Parking
1 garage (underground)
Basement
None
Heating
Radiant
A/C
Window Unit(s)
Exterior
Brick
Maintenance
$1,171/mo
Exposure
South West
Property tax
$1,274 / 2026
Days on market
21
Listing brokerage
RE/MAX HALLMARK REALTY LTD.

Rooms

Living RoomGround7.19 × 5.80 m

l-shaped room · combined w/dining

Bedroom 2Ground2.97 × 4.48 m

broadloom · broadloom

Bedroom 3Ground4.97 × 2.82 m

b/i closet · broadloom

Primary BedroomGround7.23 × 5.35 m

4 pc ensuite · w/o to balcony

Dining RoomGround2.70 × 3.60 m

combined w/living · w/o to balcony

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 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.

Neighbourhood & location

Scarborough Village, 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.

Bayview Village
$554K
North St. James Town
$649K
Moss Park
$495K
Willowdale East
$820K
Waterfront Communities C8
$525K

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 Mason Road Junior Public School
43%
Mason Road Junior Public SchoolPublic · Elementary · 0.6 km awayBelow the GTA average · 43% meet the provincial standard
Maplewood High SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Cedar Drive Junior Public School · Public elementary0.7 km · 53% at standard
George P Mackie Junior Public School · Public elementary0.7 km · 81% at standard
Cedarbrook Public School · Public elementary1.1 km · 48% at standard
Bliss Carman Senior Public School · Public elementary1.1 km
Elizabeth Simcoe Junior Public School · Public elementary1.1 km · 81% at standard
John McCrae Public School · Public elementary1.7 km · 54% at standard
Cedarbrae Collegiate Institute · Public secondary1.7 km · 56% at standard
Native Learning Centre East · Public secondary1.8 km
St Ursula Catholic School · Catholic elementary1.8 km · 89% at standard
Guildwood Junior Public School · Public elementary1.9 km · 80% at standard
H A Halbert Junior Public School · Public elementary1.9 km · 46% at standard
Sir Wilfrid Laurier Collegiate Institute · Public secondary1.9 km · 68% at standard

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

Affordability & Mortgage

Affordability
$2,046/mo
$106KIncome needed
4.2×Price ÷ income
$472Weekly cost
$10,910Land 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.

62%mortgage
Mortgage $2,046Property tax $106Condo fee $1,171Total carry $3,323

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$1,986per month

Mortgage amount $359,200 · 4.49% over 25 years

$89,800Down payment (20.0%)
$359,200Loan before insurance
$0CMHC premium
$3,263Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,986
Property tax
$106
Condo / maintenance fees
$1,171
Heating
$0
Estimated monthly cost
$3,263

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

One-time closing costs

Ontario land transfer tax
$5,455
Toronto municipal land transfer tax
$5,455
Estimated closing costs
$10,910

Plus your down payment of $89,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,404/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

$236,624Total interest paid
$595,824Total of all payments
Principal $359,200 Interest $236,624
YearPrincipalInterestBalance
1$8,016$15,817$351,184
2$8,380$15,453$342,804
3$8,760$15,073$334,044
4$9,158$14,675$324,886
5$9,574$14,259$315,312
6$10,008$13,824$305,304
7$10,463$13,370$294,841
8$10,938$12,895$283,903
9$11,435$12,398$272,468
10$11,954$11,879$260,515
11$12,497$11,336$248,018
12$13,064$10,769$234,954
13$13,657$10,176$221,297
14$14,277$9,556$207,020
15$14,925$8,908$192,095
16$15,603$8,230$176,492
17$16,312$7,521$160,180
18$17,052$6,781$143,128
19$17,826$6,007$125,302
20$18,636$5,197$106,666
21$19,482$4,351$87,184
22$20,366$3,467$66,817
23$21,291$2,542$45,526
24$22,258$1,575$23,268
25$23,268$564$0

At the end of your 5-year term

Total paid over the term
$119,165
Principal paid down
$43,888
Interest paid
$75,277
Balance remaining
$315,312

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
6.2%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.

11.0%
Gross yield
− Property tax $1,274− Condo fees $14,051− Insurance $600− Vacancy & upkeep $5,412Net operating income $27,863

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.

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