240 Mill Road, Toronto, ON
Markland Wood, Toronto · MLS® W13592136
About this home
Nestled in the highly sought-after Markland Wood community, 240 Mill Road presents an exceptional opportunity to own a spacious bungalow in one of Etobicoke's most established neighbourhoods. Thoughtfully designed, the main floor features three generously sized bedrooms, all with hardwood flooring. The bright living room and dining room continue the timeless hardwood flooring throughout, creating a warm and inviting atmosphere. A bright white kitchen offers plenty of cabinetry and workspace, while the main level is completed by a 4-piece bathroom. The primary bedroom features the added bonus of a walk-out to the backyard deck, creating the perfect spot to enjoy your morning coffee or unwind at the end of the day. The finished basement provides excellent additional living space, complete with a second kitchen, a spacious family and entertainment room featuring laminate flooring and a cozy fireplace, an additional bedroom or versatile multi-purpose room ideal for a home office or hobby space, and a convenient 3-piece bathroom. Step outside to a private backyard featuring both a deck and patio, offering plenty of space for outdoor entertaining, family gatherings, or simply relaxing in your own backyard retreat. The double-car garage and private driveway provide parking and storage. Located just minutes from excellent schools, beautiful parks, walking trails, public transit, shopping, and major roadways, this home combines a desirable location with a flexible layout and outstanding potential. Enjoy all that the Markland Wood community has to offer while making this home your own.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13592136
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 60 × 106 ft
- Cross streets
- Mill Rd./Bloor St.W
- Parking
- 2 garage · 6 parking (attached)
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,402 / 2025
- Days on market
- 1
- Listing brokerage
- GET SOLD REALTY INC.
Rooms
hardwood floor · window · closet
Hardwood Floor
Hardwood Floor
hardwood floor · window · closet
Tile Floor
Fireplace
Closet
hardwood floor · w/o to deck · closet
Listed at $1,288,868, this home is about 12% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Markland Wood lately, sellers have been getting about 100% of asking and homes sell in about 20 days.
There were not many closely comparable homes right in Markland Wood, so I widened the search to the surrounding area.
Based on 66 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 66 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.39M, 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, sold for $1.39M
- Garage +$25K
- Adjusts to $1.42M
That comparable adjusts to $1.42M; the $1.15M estimate above is the median of all 66 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 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.
Total price vs nearby homes. Fair value about $1.15M, median of 66 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. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 11% above the area average of $891/sqft.
0 days faster than the Toronto average (1 days).
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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,031,094 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,502
- Property tax
- $534
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,036
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,252
- Toronto municipal land transfer tax
- $22,252
- Estimated closing costs
- $44,505
Plus your down payment of $257,774. 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
- $330,138
- Principal paid down
- $131,310
- Interest paid
- $198,828
- Balance remaining
- $899,784
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 GET SOLD REALTY INC.. MLS®/PropTx.