102-556 MARLEE Avenue, Toronto, ON
Yorkdale-Glen Park, Toronto · MLS® W12502656
About this home
In short
- Welcome to 556 Marlee Avenue, where modern design meets everyday convenience.
- This beautifully appointed 1-bedroom + den, 1-bath condo offers the perfect balance of style, comfort, and location - ideal for young professionals, first-time...
- Step into a bright and open-concept living space filled with natural light.
- Situated in one of Toronto's most connected neighbourhoods, you'll love being just steps from Lawrence West Subway Station, Yorkdale Mall, Allen Road, and Highway 401.
- Property is currently tenanted for $2,150 until end of May 2026.
Welcome to 556 Marlee Avenue, where modern design meets everyday convenience. This beautifully appointed 1-bedroom + den, 1-bath condo offers the perfect balance of style, comfort, and location - ideal for young professionals, first-time buyers, or savvy investors. Step into a bright and open-concept living space filled with natural light. The modern kitchen features sleek cabinetry, stainless steel appliances, and ample counter space - perfect for cooking and entertaining. The spacious bedroom offers a relaxing retreat, while the versatile den makes an excellent home office, guest area, or creative studio. Enjoy your private balcony, perfect for morning coffee or unwinding at sunset. The building provides excellent amenities including a fitness centre, party room, visitor parking, and on-site management. Situated in one of Toronto's most connected neighbourhoods, you'll love being just steps from Lawrence West Subway Station, Yorkdale Mall, Allen Road, and Highway 401. Shopping, dining, parks, and schools are all nearby - making this location both convenient and desirable. Property is currently tenanted for $2,150 until end of May 2026.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W12502656
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- MARLEE & GLENCAIRN
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $406/mo
- Exposure
- North
- Days on market
- 350
- Listing brokerage
- INTERNATIONAL REALTY FIRM, INC.
Rooms
Listed at $510,000 with no offer date. Going by how homes here have actually closed against their asks, the likely sale price is $489K, typically $461K to $530K. Comparable closings on their own put this home around $410K, about 20% below the ask.
Longer on the market than typical. 350 days on the market against about 40 for homes like it here, and asking 24% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $489K, from 21 recent closings in this pocket.
The market behind the math:
About 3.3 months of inventory: 23 condo apartment homes for sale in the area against 21 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $928/sqft against an area asking average of $713/sqft.
How this estimate is builtthe short version
I take the 21 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is John Polanyi Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 21 comparable homes that sold in Yorkdale-Glen Park over the past two years, from 139 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 $785/sqft; this home lists at $928/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 condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 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 | $589K | 1052 |
| November 2025 | $569K | 834 |
| December 2025 | $545K | 659 |
| January 2026 | $565K | 593 |
| February 2026 | $575K | 722 |
| March 2026 | $565K | 974 |
| April 2026 | $565K | 1042 |
| May 2026 | $560K | 1011 |
| June 2026 | $558K | 1120 |
| July 2026 | $560K | 1030 |
| August 2026 | $548K | 882 |
| September 2026 | $540K | 885 |
Neighbourhood & location
Yorkdale-Glen Park, 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 20, 2026); conventional rates run a little higher.
Mortgage amount $408,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,256
- Estimated property tax
- $319
- Condo / maintenance fees
- $406
- Heating
- $0
- Estimated monthly cost
- $2,981
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,675
- Toronto municipal land transfer tax
- $6,675
- Estimated closing costs
- $13,350
Plus your down payment of $102,000. 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
- $135,354
- Principal paid down
- $49,850
- Interest paid
- $85,504
- Balance remaining
- $358,150
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 6 whole-home leases in Yorkdale-Glen Park signed at a median of $2,217 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,066. 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 INTERNATIONAL REALTY FIRM, INC.. MLS®/PropTx.