49-50 Verne Crescent, Toronto, ON
Malvern, Toronto · MLS® E13873622
About this home
In short
- Welcome To This Beautifully Maintained 3-Bedroom Townhome In A Highly Desirable, Family-Friendly Location.
- This Bright And Spacious Home Offers A Wonderful Functional Layout, Featuring A Welcoming Eat-In Kitchen With Stainless Steel Appliances, Stylish New Pot Lights, And...
- The Brand-New, Expansive Finished Basement Provides Exceptional Additional Living Space And Can Easily Be Used As A 4th Bedroom, Recreation Room, Home Office, Gym, Or...
- Ideally Located Close To Excellent Schools, TTC Routes, Highway 401, Shopping, Pharmacy, Supermarket, Community Centre, Library, Places Of Worship, And Centennial...
- With Beautiful Updates Throughout, Generous Living Space, And A Fantastic Location Close To Everyday Amenities, Transit, Education, And Major Highways, This Is A...
Welcome To This Beautifully Maintained 3-Bedroom Townhome In A Highly Desirable, Family-Friendly Location! This Bright And Spacious Home Offers A Wonderful Functional Layout, Featuring A Welcoming Eat-In Kitchen With Stainless Steel Appliances, Stylish New Pot Lights, And Beautifully Renovated Washrooms. The Brand-New, Expansive Finished Basement Provides Exceptional Additional Living Space And Can Easily Be Used As A 4th Bedroom, Recreation Room, Home Office, Gym, Or Family Retreat, Complete With A Newly Built Washroom In The Basement For Added Comfort And Convenience. Ideally Located Close To Excellent Schools, TTC Routes, Highway 401, Shopping, Pharmacy, Supermarket, Community Centre, Library, Places Of Worship, And Centennial College, Offering Unmatched Convenience For Families And Professionals Alike. With Beautiful Updates Throughout, Generous Living Space, And A Fantastic Location Close To Everyday Amenities, Transit, Education, And Major Highways, This Is A Wonderful Opportunity To Own A Move-In-Ready Home In A Convenient And Family-Oriented Neighbourhood!
Key facts
- Property type
- Condo Townhouse, 2-Storey
- MLS®
- E13873622
- Bedrooms
- 3
- Bathrooms
- 4 (2 half)
- Size
- 1200-1399 sq ft
- Cross streets
- Markham And Sheppard
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Finished
- Heating
- Baseboard
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $401/mo
- Exposure
- East
- Property tax
- $2,417 / 2026
- Days on market
- 8
- Listing brokerage
- HIGHPOINT HOMES REALTY
Rooms
broadloom · window
finished · broadloom
combined w/dining · broadloom · pot lights
broadloom · window
combined w/kitchen · w/o to patio · ceramic floor
Finished
eat-in kitchen · ceramic floor · w/o to patio
broadloom · large closet · large window
combined w/living · broadloom · pot lights
Listed at $699,999. Going by how homes in Malvern and the wider GTA have actually closed against their asking prices (about 98%, 13 local closings in 90 days), the likely sale price is near $683K, if it sells. A realistic range is $643K to $739K.
Independent value check: $629K. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $585K and $661K).
Why $629K. The typical townhouse sold in Malvern over the past year went for about $550K (62 sales). What sets this one apart:
- ▲ Raises it3 bedrooms and 4 baths, against 3+1 and 2 typically.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $683K, from 13 recent closings in this pocket.
The market behind the math:
About 2.5 months of inventory: 11 condo townhouse homes for sale in the area against 13 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $539/sqft against an area asking average of $498/sqft.
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 and this building.
It never sees the asking price. The 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $560K. 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.
- 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Lester B Pearson Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Malvern, so I widened the search to the surrounding area.
Based on 13 comparable homes that sold in Malvern over the past two years, from 136 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 $507/sqft; this home lists at $539/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condo townhouses in Toronto: $684K in September 2026, down 3% from a year ago, on 1,424 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 | $702K | 150 |
| November 2025 | $709K | 130 |
| December 2025 | $705K | 63 |
| January 2026 | $695K | 77 |
| February 2026 | $728K | 104 |
| March 2026 | $715K | 121 |
| April 2026 | $711K | 147 |
| May 2026 | $726K | 131 |
| June 2026 | $706K | 132 |
| July 2026 | $683K | 156 |
| August 2026 | $675K | 115 |
| September 2026 | $684K | 98 |
Neighbourhood & location
Malvern, 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 16, 2026); conventional rates run a little higher.
Mortgage amount $559,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,096
- Property tax
- $201
- Condo / maintenance fees
- $401
- Heating
- $0
- Estimated monthly cost
- $3,699
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,475
- Toronto municipal land transfer tax
- $10,475
- Estimated closing costs
- $20,950
Plus your down payment of $140,000. 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
- $185,780
- Principal paid down
- $68,422
- Interest paid
- $117,358
- Balance remaining
- $491,578
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 192 whole-home leases in Malvern signed at a median of $2,434 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,953. 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 HIGHPOINT HOMES REALTY. MLS®/PropTx.