PH904-16 McAdam Avenue, Toronto, ON
Yorkdale-Glen Park, Toronto · MLS® W13505604
About this home
Welcome to the penthouse you've been waiting for. Perched atop a boutique building, this stunning 3-Bedroom + Den, 2 Full Bath residence offers 1,623 sq ft of beautifully renovated, sun-drenched living space - all wrapped in a show-stopping wrap-around balcony made for entertaining.Soaring high ceilings and floor-to-ceiling windows flood every room with natural light, while sleek porcelain floors flow seamlessly throughout, adding a refined, contemporary elegance underfoot. Automated blinds offer effortless ambiance control, complementing the upscale finishes at every turn.At the heart of the home sits a chef-inspired kitchen featuring a striking island and premium finishes - perfect for hosting or simply enjoying the finer things. The functional layout maximizes every square foot, with generous storage throughout, ensuite laundry, and two private lockers for ultimate organization and convenience.Park with ease with a rare tandem spot accommodating two vehicles - a true urban luxury that's nearly impossible to find at this level.Step outside and you're directly across from Yorkdale Shopping Centre with effortless access to transit, top-tier dining, and everything the city has to offer. A standout opportunity for investors as well: the current tenant is on a fixed lease through July 2027, paying market rent and has been an excellent, reliable tenant - offering immediate, hassle-free income with no lease-up period, vacancy risk, or rent adjustment needed before the lease term ends. Meticulously upgraded, thoughtfully designed, and priced to sell - this is the rare penthouse that delivers on every front. Space, style, location, and value all under one roof. Opportunities like this don't come twice.Pictures taken prior to existing Tenant moving in. Tenant leaves July 2027. Some pictures have been virtually stagged.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13505604
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1600-1799
- Cross streets
- Hwy 401 & Dufferin
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,946/mo
- Exposure
- South East
- Property tax
- $6,445 / 2026
- Days on market
- 23
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
porcelain floor · b/i closet · w/o to balcony
Porcelain Floor
porcelain floor · b/i closet · window
porcelain floor · open concept · combined w/dining
porcelain floor · open concept · combined w/living
porcelain floor · 4 pc ensuite · w/o to balcony
porcelain floor · quartz counter · stainless steel appl
Listed at $1,049,000, and my independent estimate is about 34% above what comparable homes suggest.
In Yorkdale-Glen Park lately, sellers get about 98% of asking; homes sell in ~39 days.
Total price vs nearby homes. Fair value about $781K, median of 5 comparables.
How this estimate is builtthe short version
I take the 5 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), 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, and the city (MPAC) assessment points to about $1.40M, higher than the comparables and worth a second look.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- 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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($617/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Yorkdale-Glen Park, so I widened the search to the surrounding area.
Based on 5 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 2% below the area average of $628/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
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.
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 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $839,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,478
- Property tax
- $537
- Condo / maintenance fees
- $1,946
- Heating
- $0
- Estimated monthly cost
- $6,961
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,455
- Toronto municipal land transfer tax
- $17,455
- Estimated closing costs
- $34,910
Plus your down payment of $209,800. 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
- $268,697
- Principal paid down
- $106,872
- Interest paid
- $161,825
- Balance remaining
- $732,328
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 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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.