3-50 Thomas Mulholland Drive, Toronto, ON
Downsview-Roding-CFB, Toronto · MLS® W13562886
About this home
Welcome to this beautifully upgraded freehold 3+1 bedroom, 3-bathroom townhouse nestled in the highly desirable Downsview Park community. Thoughtfully designed with a bright, open-concept layout, this move-in-ready home offers the perfect blend of style, comfort, and functionality. The newly renovated kitchen showcases modern finishes and seamlessly flows into the spacious living and dining areas, creating an ideal space for everyday living and entertaining. Sunlight pours through oversized windows, while abundant storage and a walk-out to the private garage add everyday convenience. Retreat to the impressive primary suite featuring a generous walk-in closet and a spa-inspired 5-piece ensuite. The versatile lower level offers the flexibility of a recreation room, fourth bedroom, home office, or gym to suit your lifestyle. Outdoor living is exceptional, with two private rooftop terraces plus an additional balcony complete with a gas BBQ hookup-perfect for entertaining, relaxing, or enjoying summer evenings. Additional highlights include central vacuum and quality upgrades throughout. Ideally located just steps from TTC, the subway, Downsview Park, schools, York University, Humber River Hospital, GO Transit, Yorkdale Shopping Centre, and Highways 401 and 400, this home delivers outstanding convenience in one of Toronto's most connected and sought-after neighbourhoods. Low monthly POTL fees of just $100 include landscaping and snow removal, making this an exceptional opportunity to own a stylish, low-maintenance freehold home in a thriving community.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- W13562886
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- Lot
- 13.12 × 58.09 ft
- Cross streets
- Keele/Sheppard/ 401
- Parking
- 1 garage (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Rolled
- Sewer
- Sewer
- Property tax
- $4,253 / 2025
- Days on market
- 3
- Listing brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
Rooms
laminate · open concept · w/o to patio
Laminate
laminate · w/o to garage
laminate · 5 pc ensuite · walk-in closet(s)
laminate · open concept · window
Laminate
Listed at $850,000, this home is about 4% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $879K, a close match.
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 $799K
- Bedrooms +$30K
- Adjusts to $829K
That comparable adjusts to $829K; the $889K estimate above is the median of all 7 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 Pierre Laporte Middle School. 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. Stanley Greene Blvd at Downsview Park Blvd is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $889K, median of 7 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 11% below the area average of $549/sqft.
7 days faster than the Toronto average (10 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Downsview-Roding-CFB, 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: Stanley Greene Blvd at Downsview Park Blvd, about 117 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 $680,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,629
- Property tax
- $354
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,983
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,475
- Toronto municipal land transfer tax
- $13,475
- Estimated closing costs
- $26,950
Plus your down payment of $170,000. 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
- $217,724
- Principal paid down
- $86,598
- Interest paid
- $131,126
- Balance remaining
- $593,402
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 MEADOWTOWNE REALTY. MLS®/PropTx.