A49-288 Mill Road, Toronto, ON
Markland Wood, Toronto · MLS® W13540894
About this home
Welcome to resort-style living at the iconic Masters condominiums, where every day feels like a getaway. Set on 11 acres of manicured gardens bordering the Markland Wood Golf Club, the community offers amenities few buildings can match: indoor and outdoor saltwater pools with sundeck, tennis and pickleball courts, squash, a golf practice room, fitness centre, saunas, billiards, a library lounge, and 24-hour gatehouse security. This rarely offered two-bedroom, bungalow-style suite delivers single-level living with no stairs, beautifully maintained and freshly painted, with a bright, spacious layout that truly feels like home. Bathrooms have been tastefully updated, plus the convenience of ensuite laundry and additional in-suite storage. Enjoy exceptional outdoor living across three private balconies: a main balcony off the living and dining area, ideal for entertaining, an oversized balcony off the primary bedroom for a private retreat, and a third off the kitchen for easy BBQ access. All this in Markland Wood, one of Etobicoke's most established and sought-after communities, steps to parks, scenic trails, transit and shopping. A rare opportunity in a prestigious building. Refined condo living at its best.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13540894
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Burnhamthorpe & Mill
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Wall Unit(s)
- Exterior
- Concrete
- Maintenance
- $1,127/mo
- Exposure
- East
- Property tax
- $2,587 / 2025
- Days on market
- 9
- Listing brokerage
- RE/MAX REALTY ENTERPRISES INC.
Rooms
parquet · w/o to balcony
parquet · combined w/living
tile floor · w/o to balcony
parquet · closet
parquet · 3 pc ensuite
Listed at $549,900, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
Based on 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $691K, higher than the comparables and worth a second look. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $846K
- Bedrooms −$30K
- Adjusts to $816K
That comparable adjusts to $816K; the $477K estimate above is the median of all 9 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.
Total price vs nearby homes. Fair value about $477K, median of 9 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Value driver
- Worth verifying
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 3% below the area average of $517/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Markland Wood, 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: Mill Rd at Markland Dr North Side - Silverthorne C.I., about 127 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $439,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,348
- Property tax
- $216
- Condo / maintenance fees
- $1,127
- Heating
- $0
- Estimated monthly cost
- $3,690
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,473
- Toronto municipal land transfer tax
- $7,473
- Estimated closing costs
- $14,946
Plus your down payment of $109,980. 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
- $140,855
- Principal paid down
- $56,024
- Interest paid
- $84,831
- Balance remaining
- $383,896
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 RE/MAX REALTY ENTERPRISES INC.. MLS®/PropTx.