PH 8-284 Mill Road, Toronto, ON

Markland Wood, Toronto · MLS® W13249652

$648,888
For Sale
Listed 42 days ago
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2Bedrooms
2Bathrooms
1Garage
1200-1399Sq Ft

About this home

Panoramic golf course view in a stunning penthouse suite! Located in the heart of Etobicoke's prestigious Markland Wood community, this spacious 2-bedroom, 2-bath down-split condo offers the perfect blend of luxury, comfort, and lifestyle. Designed for modern living and effortless entertaining, the upper level features open-concept living and dining areas that walk out to a private balcony with breathtaking sunset views over the Markland Wood Golf Course ideal for summer BBQs. The lower level offers two generously sized bedrooms, including a sun-filled second bedroom and a primary suite with walk-in closet and 3-piece ensuite, all finished with warm parquet flooring. This award-winning building delivers a true resort experience with top-tier amenities: indoor and outdoor saltwater pools, sauna, clubhouse with games room, squash and basketball courts, a fully equipped gym, library, woodworking room, car wash, and three tennis courts. Set on 11 acres of beautifully landscaped grounds with a Japanese garden and walking paths, this is a rare opportunity to own a piece of paradise in one of Etobicoke's most desirable neighbourhoods.

Key facts

Property type
Condo Apartment, Multi-Level
MLS®
W13249652
Bedrooms
2
Bathrooms
2
Size
1200-1399
Cross streets
Mill Rd & Burnhamthorpe
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Wall Unit(s)
Exterior
Concrete
Maintenance
$1,182/mo
Exposure
West
Property tax
$2,873 / 2025
Days on market
42
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Rooms

Primary BedroomLower4.98 × 3.51 m

large window · walk-in closet(s) · 3 pc ensuite

Dining RoomUpper3.35 × 2.44 m

combined w/living · w/o to balcony · open concept

Utility RoomLower2.51 × 1.02 m

Finished

KitchenUpper4.88 × 2.44 m

vinyl floor · galley kitchen

Bedroom 2Lower4.42 × 2.44 m

parquet · large window · closet

Living RoomUpper5.79 × 3.58 m

w/o to balcony · combined w/dining · open concept

Moe’s TakeTeam Asgarian · Broker
Above the wider set
$547Kest. value

Listed at $648,888, this home is tracking about 19% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.

Priced above comparable homes overall, but the price per square foot ($499/sqft) is in line with the area, so you are paying for extra space rather than a premium.

There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.

Based on 14 similar homes nearby, adjusted for size, beds, and baths.Median of 14 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $632K, a bit higher.

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, listed at $580K
  • Bedrooms −$30K
  • Adjusts to $550K

That comparable adjusts to $550K; the $547K estimate above is the median of all 14 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.

The assigned public school is Silverthorn 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. Mill Rd at Markland Dr North Side - Silverthorne C.I. is about a 2-minute walk away.

List price
$477KGreat deal$649KOverpriced

Total price vs nearby homes. Fair value about $547K, median of 14 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.

  • Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
  • Primary suite: a key comfort and resale feature.
  • Open-concept layout: modern, sought-after flow.
  • Value driver
  • Lifestyle
Comparable listingsCurrently listed nearby in Markland Wood · asking prices
$596kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

E37-288 Mill Road$609kA49-288 Mill Road$550k210-299 Mill Road$640k606-820 Burnhamthorpe Road$599k1903-299 Mill Road$580k

The 5 closest of 8 active listings nearby.

See all comparable homes
649kThis home609k550k640k599k580kThis home vs active comparables
Live market pulseActive comparables in Markland Wood · median list $599K
$499this home / sqft
16active listings nearby
42days on market

This home lists 4% above the area average of $482/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Markland Wood, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

60/ 100

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: Mill Rd at Markland Dr North Side - Silverthorne C.I., about 158 m away

20+ transit stops2 grocery19 dining20+ parks3 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Islington-City Centre West
$528K
Mimico
$800K
Waterfront Communities C1
$672K
Annex
$1.57M
Church-Yonge Corridor
$590K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Millwood Junior School
65%
Millwood Junior SchoolPublic · Elementary · 0.6 km awayBelow the GTA average · 65% meet the provincial standard
Seneca SchoolEQAO results not published

Affordability & Mortgage

Affordability
$2,957/mo
$146KIncome needed
4.5×Price ÷ income
$682Weekly cost
20% down4.79%25-yr amortization

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.

68%mortgage
Mortgage $2,957Property tax $239Condo fee $1,182Total carry $4,379

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,770per month

Mortgage amount $519,110 · 4.14% over 25 years

$129,778Down payment (20.0%)
$519,110Loan before insurance
$0CMHC premium
$4,192Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,770
Property tax
$239
Condo / maintenance fees
$1,182
Heating
$0
Estimated monthly cost
$4,192

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9,453
Toronto municipal land transfer tax
$9,453
Estimated closing costs
$18,906

Plus your down payment of $129,778. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$3,365/monthPayment at the qualifying rate

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

$311,939Total interest paid
$831,050Total of all payments
Principal $519,110 Interest $311,939
YearPrincipalInterestBalance
1$12,161$21,081$506,949
2$12,670$20,572$494,280
3$13,200$20,042$481,080
4$13,752$19,490$467,328
5$14,327$18,915$453,002
6$14,926$18,316$438,075
7$15,551$17,691$422,525
8$16,201$17,041$406,324
9$16,879$16,363$389,445
10$17,585$15,657$371,861
11$18,320$14,922$353,540
12$19,087$14,155$334,454
13$19,885$13,357$314,569
14$20,717$12,525$293,852
15$21,583$11,659$272,269
16$22,486$10,756$249,783
17$23,427$9,815$226,357
18$24,406$8,836$201,950
19$25,427$7,815$176,523
20$26,491$6,751$150,032
21$27,599$5,643$122,433
22$28,753$4,489$93,680
23$29,956$3,286$63,724
24$31,209$2,033$32,515
25$32,515$727$0

At the end of your 5-year term

Total paid over the term
$166,210
Principal paid down
$66,109
Interest paid
$100,101
Balance remaining
$453,002

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.

Let's connect

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

Rental yield
Estimate$4,100/mo
$49,200Gross annual rent
4.0%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

7.6%
Gross yield
− Property tax $2,873− Condo fees $14,184− Insurance $600− Vacancy & upkeep $5,412Net operating income $26,131

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.

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