1007-49 Silverstone Drive, Toronto, ON
Mount Olive-Silverstone-Jamestown, Toronto · MLS® W13867588
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About this home
In short
- Spacious & Bright large 3 Bedroom corner unit with two balconies, A huge foyer & 2 coat closets, walk into the living room with a view of the north east side.
- Step out to the balcony for the nice evening sun, Spacious kitchen with renovated cabinets, connected to a breakfast area that can also be used as a dining area, Huge...
- Close to 401,407,427 Major hwys.
Spacious & Bright large 3 Bedroom corner unit with two balconies, A huge foyer & 2 coat closets, walk into the living room with a view of the north east side. Step out to the balcony for the nice evening sun, Spacious kitchen with renovated cabinets, connected to a breakfast area that can also be used as a dining area, Huge principal bedroom with walk out to a east view balcony & large closet with 2 Pc ensuite, spacious second & third bedrooms, ****Ensuite Laundry****Underground owned parking with exclusive use of locker. ***MUST SEE*******Opposite of school, all level schools walking distance, walking distance to Albion mall, New LRT connected to subway and Humber university, York University. Close to 401,407,427 Major hwys. Property tax Intrim bill.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13867588
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1200-1399 sq ft
- Cross streets
- Kipling And Finch
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Baseboard
- A/C
- None
- Exterior
- Brick, Concrete Poured
- Maintenance
- $677/mo
- Exposure
- South
- Property tax
- $811 / 2026
- Days on market
- 9
- Listing brokerage
- HOMELIFE/MIRACLE REALTY LTD
Rooms
quartz counter · updated · ceramic backsplash
w/o to balcony · combined w/dining · parquet
ceramic floor · modern kitchen · ceramic backsplash
parquet · closet · window
l-shaped room · combined w/living · parquet
parquet · 2 pc ensuite · large closet
Listed at $539,900. Going by how homes in Mount Olive-Silverstone-Jamestown and the wider GTA have actually closed against their asking prices (about 97%, 8 local closings in 90 days), the likely sale price is near $522K, if it sells. A realistic range is $492K to $565K.
Independent value check: $442K. Without looking at the asking price, our model values the home itself about 18% below the ask (homes like it typically land between $411K and $465K).
Why $442K. The typical condo sold in Mount Olive-Silverstone-Jamestown over the past year went for about $473K (40 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $811 a year; the typical home sold here pays about $1,500.
- ▲ Raises itIt is 1,200 to 1,399 sq ft; the typical home sold here is 1,000 to 1,199.
Total price vs nearby homes. Likely closing about $522K, from 8 recent closings in this pocket.
The market behind the math:
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 8 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $484K. Condition and finishes remain an in-person call.
What the listing highlights1 point 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
Schools & getting aroundcatchment and transit
The assigned public school is Smithfield Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 8 comparable homes that sold in Mount Olive-Silverstone-Jamestown over the past two years, from 110 closings there.
Sold price trend
Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 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 | 885 |
Neighbourhood & location
Mount Olive-Silverstone-Jamestown, Toronto, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $431,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,388
- Property tax
- $68
- Condo / maintenance fees
- $677
- Heating
- $0
- Estimated monthly cost
- $3,133
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,273
- Toronto municipal land transfer tax
- $7,273
- Estimated closing costs
- $14,546
Plus your down payment of $107,980. 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
- $143,290
- Principal paid down
- $52,773
- Interest paid
- $90,517
- Balance remaining
- $379,147
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 84 whole-home leases in Mount Olive-Silverstone-Jamestown signed at a median of $2,637 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,021. 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 HOMELIFE/MIRACLE REALTY LTD. MLS®/PropTx.