49 Tunmead Square, Toronto, ON
Malvern, Toronto · MLS® E13883108
About this home
In short
- Excellent Location! Detached Bungalow in the High-Demand Markham Rd & Finch Area Absolutely well-maintained and updated 3+2 Bedrooms and 2 full Bathrooms and 2...
- 2 Bedrooms, a den, a bathroom, and Kitchen in the BSMT. This property is ideal for first-time buyers, growing families, or investors seeking income potential. Enjoy...
Excellent Location! ***Detached Bungalow in the High-Demand Markham Rd & Finch Area ***Absolutely well-maintained and updated 3+2 Bedrooms and 2 full Bathrooms and 2 Kitchens + Finished Basement with Separate Entrance.***5 Parking*** This home sits on a rare 50-foot frontage*** in a peaceful & family-friendly neighbourhood***. 2 Bedrooms, a den, a bathroom, and Kitchen in the BSMT.*** This property is ideal for first-time buyers, growing families, or investors seeking income potential.*** Enjoy your own private backyard oasis complete with a heated in-ground pool and two gazebos, perfect for entertaining or relaxing.***** Major updates include Furnace & A/C (2021) and Roof (2018).***Conveniently located within walking distance to Schools, 24Hrs TTC, Parks, Shopping, and just minutes to Highway 401, Centennial College, places of worship, and More...**** An exceptional opportunity for first-time buyers, families, and investors alike. Don't miss this property...Must SEE!!!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13883108
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 50 × 110 ft
- Cross streets
- Markham Rd / Finch Ave
- Parking
- 1 garage · 5 parking (carport)
- Driveway
- Available
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete, Brick
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $3,657 / 2025
- Days on market
- 11
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
laminate · closet
laminate · large closet · large window
laminate · combined w/living · large window
Laminate
Laminate
Laminate
laminate · large window · closet
laminate · combined w/dining · bay window
laminate · closet · window
Listed at $799,900. Going by how homes in Malvern and the wider GTA have actually closed against their asking prices (about 99%, 16 local closings in 90 days), the likely sale price is near $789K, if it sells. A realistic range is $739K to $889K.
Independent value check: $809K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $758K and $847K).
Why $809K. The typical detached home sold in Malvern over the past year went for about $833K (76 sales). What sets this one apart:
- ▼ Lowers it slightly3+2 bedrooms and 2 baths, against 3+1 and 3 typically.
Total price vs nearby homes. Likely closing about $789K, from 16 recent closings in this pocket.
The market behind the math:
About 0.9 months of inventory: 5 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $615/sqft against an area asking average of $608/sqft.
- 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 Malvern: 24 of the 94 detached leases here lately were basement units, around $1,600 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.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $752K. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
Its public catchment (Tom Longboat Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 16 comparable homes that sold in Malvern over the past two years, from 132 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 $623/sqft; this home lists at $615/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 Malvern: $851K in September 2026, up 1% from a year ago, on 64 closings in 9 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $870K | 6 |
| November 2025 | $815K | 8 |
| January 2026 | $889K | 5 |
| February 2026 | $850K | 11 |
| April 2026 | $790K | 9 |
| June 2026 | $775K | 5 |
| July 2026 | $839K | 6 |
| August 2026 | $872K | 8 |
| September 2026 | $851K | 6 |
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 21, 2026); conventional rates run a little higher.
Mortgage amount $639,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,538
- Property tax
- $305
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,843
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,473
- Toronto municipal land transfer tax
- $12,473
- Estimated closing costs
- $24,946
Plus your down payment of $159,980. 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
- $212,294
- Principal paid down
- $78,186
- Interest paid
- $134,107
- Balance remaining
- $561,734
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 Malvern (24 of 94 recent detached leases were basement units, around $1,600 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,600 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 23 whole-home leases in Malvern signed at a median of $3,163 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,088. 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 REALTRON REALTY INC.. MLS®/PropTx.