3 Morbank Drive, Toronto, ON
Steeles, Toronto · MLS® E13845954
About this home
In short
- A home with substance, scale and room to evolve.
- Set on an approximately 44 x 110 ft lot, 3 Morbank Dr is a detached two-storey with an attached double garage and a rear outlook onto green space.
- Hardwood flooring brings warmth through the principal living spaces and bedrooms, while main-floor laundry adds everyday practicality.
- Upstairs, four bedrooms include an expansive primary suite with walk-in closet and 5-piece ensuite.
- Close to TTC, schools, parks and the growing collection of shops and dining around Kennedy and McNicoll.
A home with substance, scale and room to evolve. Set on an approximately 44 x 110 ft lot, 3 Morbank Dr is a detached two-storey with an attached double garage and a rear outlook onto green space. Step inside to a distinctive curved staircase and a traditional main-floor layout where each room has a purpose: a generous living room, separate dining room, and an inviting family room anchored by a full-height brick fireplace. The spacious eat-in kitchen offers ample cabinetry, a breakfast area and walkout to the raised rear veranda - an easy connection to the backyard and leafy setting beyond. Hardwood flooring brings warmth through the principal living spaces and bedrooms, while main-floor laundry adds everyday practicality. Upstairs, four bedrooms include an expansive primary suite with walk-in closet and 5-piece ensuite. The finished lower level adds meaningful flexibility with a fifth bedroom, full bathroom with sauna, partial kitchen, storage and walk-up to the backyard. Two wood-burning fireplaces, updated roof, windows and doors, and a water softener add to the home's features. Close to TTC, schools, parks and the growing collection of shops and dining around Kennedy and McNicoll. A substantial Scarborough home with the space to make your next chapter your own.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13845954
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 44.29 × 109.9 ft
- Cross streets
- Kennedy Rd & McNicoll Ave
- Parking
- 2 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Walk-Up, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,688 / 2026
- Days on market
- 19
- Listing brokerage
- RE/MAX HALLMARK FRASER GROUP REALTY
Rooms
ceramic floor · fireplace · walk-up
hardwood floor · closet · window
hardwood floor · combined w/living · large window
hardwood floor · fireplace · overlooks backyard
hardwood floor · combined w/dining · overlooks frontyard
ceramic floor · backsplash · overlooks backyard
ceramic floor · glass doors · w/o to porch
hardwood floor · closet · window
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · closet · window
broadloom · window
Listed at $1,000,000. Going by how homes in Steeles and the wider GTA have actually closed against their asking prices (about 99%, 18 local closings in 90 days), the likely sale price is near $991K, if it sells. A realistic range is $929K to $1.12M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% above the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: the home's condition, or an asking price set as a starting point for offers.
Total price vs nearby homes. Likely closing about $991K, from 18 recent closings in this pocket.
The market behind the math:
About 2.2 months of inventory: 13 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $444/sqft against an area asking average of $575/sqft.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.30M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Primary suite: a key comfort and resale feature. Lifestyle
- 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 (Dr Norman Bethune Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 18 comparable homes that sold in Steeles over the past two years, from 128 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $574/sqft; this home lists at $444/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
Steeles, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $800,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $641
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,064
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,475
- Toronto municipal land transfer tax
- $16,475
- Estimated closing costs
- $32,950
Plus your down payment of $200,000. 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
- $265,400
- Principal paid down
- $97,745
- Interest paid
- $167,655
- Balance remaining
- $702,255
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 23 whole-home leases in Steeles signed at a median of $3,430 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,593. 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 HALLMARK FRASER GROUP REALTY. MLS®/PropTx.