309-234 Albion Road, Toronto, ON
Elms-Old Rexdale, Toronto · MLS® W13734276
About this home
In short
- Step into this beautifully updated 2-bedroom condo offering a bright, modern living space that's ready to enjoy from day one.
- The open-concept layout is finished with laminate flooring and complemented by a stylish kitchen featuring custom cabinetry and stainless steel appliances.
- A renovated bathroom and carpet-free interior add to the clean, contemporary feel throughout.
- Located close to public transit, schools, Humber River trails, golf courses, the hospital, shopping, and major highways, you'll have easy access to everything you need.
- Thoughtfully renovated and well located, this is a fantastic opportunity for anyone looking for a comfortable, low-maintenance home with excellent value.
Step into this beautifully updated 2-bedroom condo offering a bright, modern living space that's ready to enjoy from day one. The open-concept layout is finished with laminate flooring and complemented by a stylish kitchen featuring custom cabinetry and stainless steel appliances. A renovated bathroom and carpet-free interior add to the clean, contemporary feel throughout. Large windows bring in plenty of natural light, while the private balcony provides a relaxing outdoor space to take in the evening sunset. One underground parking space is included for added convenience. Located close to public transit, schools, Humber River trails, golf courses, the hospital, shopping, and major highways, you'll have easy access to everything you need. Thoughtfully renovated and well located, this is a fantastic opportunity for anyone looking for a comfortable, low-maintenance home with excellent value.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13734276
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 1000-1199 sq ft
- Cross streets
- Weston Rd
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $972/mo
- Exposure
- North East
- Property tax
- $830 / 2025
- Days on market
- 44
- Listing brokerage
- KING REALTY INC.
Rooms
Combined w/Living
combined w/dining · w/o to balcony
laminate · b/i closet
laminate · walk-in closet(s)
renovated · laminate
Listed at $389,900, about 11% above our estimate of $352K (homes like it typically land between $327K and $370K).
Why $352K. The typical condo sold in Elms-Old Rexdale over the past year went for about $382K (23 sales). What sets this one apart:
- ▼ Lowers it strongly2 bedrooms and 1 baths, against 3 and 2 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Fair value about $352K, learned from recent GTA sales.
The market behind the math:
About 12 months of inventory: 16 condo apartment homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $355/sqft against an area asking average of $374/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 42 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $366K. Condition and finishes remain an in-person call.
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
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Braeburn Junior School. 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 ($355/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 42 comparable homes that sold in Elms-Old Rexdale over the past two years, from 42 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $357/sqft; this home lists at $355/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,798 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $589K | 1052 |
| November 2025 | $569K | 834 |
| December 2025 | $545K | 659 |
| January 2026 | $565K | 593 |
| February 2026 | $575K | 722 |
| March 2026 | $565K | 974 |
| April 2026 | $565K | 1042 |
| May 2026 | $560K | 1011 |
| June 2026 | $558K | 1120 |
| July 2026 | $560K | 1030 |
| August 2026 | $548K | 882 |
| September 2026 | $540K | 879 |
Neighbourhood & location
Elms-Old Rexdale, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $311,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,725
- Property tax
- $69
- Condo / maintenance fees
- $972
- Heating
- $0
- Estimated monthly cost
- $2,766
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,324
- Toronto municipal land transfer tax
- $4,324
- Estimated closing costs
- $8,647
Plus your down payment of $77,980. 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
- $103,480
- Principal paid down
- $38,111
- Interest paid
- $65,369
- Balance remaining
- $273,809
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 numbersThe last 16 whole-home leases in Elms-Old Rexdale signed at a median of $2,729 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,754. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KING REALTY INC.. MLS®/PropTx.