253 Morning Side Road, East Gwillimbury, ON
Rural East Gwillimbury, East Gwillimbury · MLS® N13767718
About this home
In short
- An exceptional opportunity to invest in the future with this rare 10 acre parcel located in a prime growth corridor of East Gwillimbury.
- This property offers 333 feet of frontage by 1317 feet deep, ideally situated abutting the Green Lane Secondary Plan, making it a smart long-term investment.
- Includes a spacious 3,300 sq ft bungalow + multiple barns perfect for current use, rental income, or holding while you plan your vision.
- Key Highlights: Prime future residential development land Located minutes to Yonge Street, Bathurst, and Green Lane Abutting future Upper York Sewerage solution &...
An exceptional opportunity to invest in the future with this rare 10 acre parcel located in a prime growth corridor of East Gwillimbury! This property offers 333 feet of frontage by 1317 feet deep, ideally situated abutting the Green Lane Secondary Plan, making it a smart long-term investment. Includes a spacious 3,300 sq ft bungalow + multiple barns perfect for current use, rental income, or holding while you plan your vision. Key Highlights: Prime future residential development land Located minutes to Yonge Street, Bathurst, and Green Lane Abutting future Upper York Sewerage solution & secondary plan Private and secluded yet close to all major amenities Easy access to schools, transit, shopping & highway connectionsThis is a rare chance to secure a strategic and sizable parcel in a highly sought-after and fast-growing area. Whether youre a developer, investor, or visionary looking ahead this property checks all the boxes
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13767718
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 2500-3000 sq ft
- Lot
- 333.07 × 1318 ft
- Cross streets
- Yonge St / Morning Sideroad
- Parking
- 2 garage (attached)
- Driveway
- Circular Drive
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $6,977 / 2025
- Days on market
- 39
- Listing brokerage
- RE/MAX PREMIER INC.
Rooms
hardwood floor · closet
hardwood floor · walk-in closet(s) · 5 pc ensuite
centre island · granite counters · backsplash
ceramic floor · double doors · closet
hardwood floor · wood stove · w/o to porch
hardwood floor · vaulted ceiling(s) · w/o to deck
hardwood floor · large window
Broadloom
hardwood floor · wood stove · b/i bookcase
broadloom · gas fireplace
hardwood floor · walk-in closet(s) · semi ensuite
hardwood floor · closet
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.
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For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $897/sqft; this home lists at $1,818/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Rural East Gwillimbury, East Gwillimbury, ON
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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). East Gwillimbury.
Get the full neighbourhood report (schools, parks, transit & safety) →
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 $4,000,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $22,117
- Property tax
- $581
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $22,698
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $111,475
- Estimated closing costs
- $111,475
Plus your down payment of $1,000,000. 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
- $1,327,001
- Principal paid down
- $488,726
- Interest paid
- $838,275
- Balance remaining
- $3,511,274
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PREMIER INC.. MLS®/PropTx.