48 Cornelius Parkway, Toronto, ON
Maple Leaf, Toronto · MLS® W13166444
About this home
Discover modern luxury in this custom-built smart home (2018) in Toronto's sought-after North Park community. Custom-built smart home (2018) in Toronto's sought-after North Park. Builder-owned, offering 4+1 bedrooms, 5 bathrooms, and parking for 6.Features a 16-ft open foyer with floating glass staircase, open-concept layout with Italian porcelain, engineered hardwood, and 10-9 ft ceilings. Gourmet kitchen with Wolf & Sub-Zero appliances and walkout to patio. Bright living area with fireplace and separate dining. Primary suite with 5-piece ensuite and walk-in closet. Finished basement includes a separate-entry 1-bedroom suite and all-season BBQ room with legal Parilla grill. Landscaped backyard with Hydro Pool swim spa. Upgraded construction throughout. Close to parks, schools, and transit.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13166444
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500
- Lot
- 40 × 130 ft
- Cross streets
- Keele/Maple Leaf Drive
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle, Flat
- Sewer
- Sewer
- Pool
- Other
- Property tax
- $9,003 / 2025
- Days on market
- 59
- Listing brokerage
- RE/MAX ULTIMATE ESTATES
Rooms
panelled · open stairs · porcelain floor
hardwood floor · gas fireplace · combined w/kitchen
double closet · hardwood floor
3 pc ensuite · w/o to balcony · walk-in closet(s)
W/O To Yard
porcelain floor · open stairs · open concept
combined w/br · w/o to patio · open concept
Hardwood Floor
Porcelain Floor
combined w/dining · w/o to yard · open concept
walk-in closet(s) · hardwood floor · semi ensuite
b/i appliances · breakfast bar · quartz counter
Porcelain Floor
5 pc ensuite · hardwood floor · walk-in closet(s)
fireplace · open concept · porcelain floor
double closet · hardwood floor · semi ensuite
Listed at $1,999,000, this home is about 23% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Maple Leaf lately, sellers have been getting about 98% of asking and homes sell in about 25 days.
There were not many closely comparable homes right in Maple Leaf, so I widened the search to the surrounding area.
Based on 85 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 85 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.91M, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $1.49M
- Bathrooms −$30K
- Adjusts to $1.46M
That comparable adjusts to $1.46M; the $2.61M estimate above is the median of all 85 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Weston Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Maple Leaf Drive is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $2.61M, median of 85 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Weigh carefully
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 20% below the area average of $770/sqft.
58 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Maple Leaf, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Maple Leaf Drive, about 279 m away
Within a 15-minute (1.5 km) walk.
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.
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 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $1,599,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,534
- Property tax
- $750
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,284
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Toronto municipal land transfer tax
- $36,455
- Estimated closing costs
- $72,910
Plus your down payment of $399,800. 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
- $512,035
- Principal paid down
- $203,658
- Interest paid
- $308,377
- Balance remaining
- $1,395,542
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 ULTIMATE ESTATES. MLS®/PropTx.