48 Purcell Square, Toronto, ON
Steeles, Toronto · MLS® E13852724
About this home
In short
- Rare opportunity to own a coveted pie-shaped lot on a quiet court.
- Two beautifully renovated primary ensuites, completed in 2025, add a modern touch, complemented by a well-appointed common bathroom.
- The finished basement offers excellent multi-generational living or rental income potential, featuring a separate 2-bedroom walkout unit, 2 full bathrooms, a spacious...
- Norman Bethune Collegiate Institute, with easy access to Pacific Mall, Milliken GO Station, TTC, Hwy 401, parks, shopping, and everyday amenities.
Rare opportunity to own a coveted pie-shaped lot on a quiet court! Welcome to 48 Purcell Square, a spacious 2-storey detached home offering nearly 3,000 sq. ft. of above-grade living space plus approximately 1,300 sq. ft. of finished basement space, featuring 5+2 bedrooms and 6 full bathrooms in Scarborough's sought-after Steeles community. The main floor offers exceptional versatility, featuring a convenient bedroom with a full bathroom-ideal for seniors, in-laws, or guests-along with spacious living, family, and dining rooms. The well-appointed kitchen features stainless steel appliances, while a skylight floods the home with abundant natural light throughout the day. Upstairs features four generously sized bedrooms, including a spacious primary suite with a private retreat/sitting area and walk-in closet. Two beautifully renovated primary ensuites, completed in 2025, add a modern touch, complemented by a well-appointed common bathroom. The finished basement offers excellent multi-generational living or rental income potential, featuring a separate 2-bedroom walkout unit, 2 full bathrooms, a spacious living area with a kitchen rough-in concealed behind the wall, and a versatile workout/recreation area. Ideally located just steps from Kennedy Public School and Dr. Norman Bethune Collegiate Institute, with easy access to Pacific Mall, Milliken GO Station, TTC, Hwy 401, parks, shopping, and everyday amenities. A rare combination of generous living space, versatility, abundant natural light, and an exceptional court location-this one is truly a must-see!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13852724
- Bedrooms
- 5+2 (7 total)
- Bathrooms
- 6
- Size
- 2500-3000 sq ft
- Lot
- 49.96 × 133.01 ft
- Cross streets
- Steeles&Kennedy
- Parking
- 2 garage · 5 parking (attached)
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,448 / 2026
- Days on market
- 17
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
hardwood floor · w/o to yard · large window
Laminate
hardwood floor · 3 pc ensuite
hardwood floor · large closet
Laminate
hardwood floor · bay window
Laminate
hardwood floor · walk-in closet(s) · 3 pc ensuite
hardwood floor · large window · combined w/living
stainless steel appl · ceramic floor · quartz counter
hardwood floor · fireplace
Laminate
laminate · w/o to yard
hardwood floor · large closet
hardwood floor · 4 pc bath
Listed at $1,799,900. 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 $1.78M, if it sells. A realistic range is $1.67M to $2.01M.
Independent value check: $1.58M. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $1.48M and $1.66M).
Why $1.58M. The typical detached home sold in Steeles over the past year went for about $1.17M (64 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $8,448 a year; the typical home sold here pays about $6,300.
- ▲ Raises it stronglyIt is 2,500 to 3,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightly5+2 bedrooms and 6 baths, against 4+1 and 4 typically.
Total price vs nearby homes. Likely closing about $1.78M, from 18 recent closings in this pocket.
The market behind the math:
About 1 months of inventory: 6 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 $655/sqft against an area asking average of $541/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Steeles: 16 of the 79 detached leases here lately were basement units, around $1,775 a month. That makes the suite real income. 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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.49M. 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- 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
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.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Steeles, so I widened the search to the surrounding area.
Based on 18 comparable homes that sold in Steeles over the past two years, from 128 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 $1.58M, which is where my estimate comes from.
Per square foot, these ask about $553/sqft; this home lists at $655/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,439,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,962
- Property tax
- $704
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,666
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,473
- Toronto municipal land transfer tax
- $32,473
- Estimated closing costs
- $64,946
Plus your down payment of $359,980. 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
- $477,694
- Principal paid down
- $175,932
- Interest paid
- $301,762
- Balance remaining
- $1,263,988
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 Steeles (16 of 79 recent detached leases were basement units, around $1,775 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,775 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 22 whole-home leases in Steeles signed at a median of $3,603 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,249. 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 LANDMARK REALTY INC.. MLS®/PropTx.