284 Mill Road Unit E1, Toronto W08

Price: $449,900

3 bedrooms, 2 bathrooms

1,400 sqft

Property Type: Condo

MLS#: W13839662

Welcome to The Masters, one of Etobicoke's most established and sought-after condominium communities. This spacious 3+1 bedroom, 2 bath bungalow-style suite offers the kind of generous living space rarely found in newer condos, along with three private balconies and new broadloom throughout. The large kitchen provides an abundance of cabinetry and storage, while the flexible family room is ideal as a home office or den. Enjoy beautifully maintained grounds, a welcoming community atmosphere and an impressive range of amenities, including indoor and outdoor pools, fitness facilities, tennis, squash, sauna and more. Ideally located in Markland Wood, close to golf, parks, shopping, transit and major highways, with easy access to downtown Toronto and Pearson Airport. A wonderful opportunity to enjoy space, comfort and an established community in a convenient Etobicoke location.

284 Mill Road Unit E1 - Condo photo 1 of 39 in Etobicoke (Islington / Rexdale), Ontario
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$449,900 - 284 Mill Road Unit E1, Etobicoke

Condo for Sale in Etobicoke

Popular Listing

Neighbourhood: Markland Wood

3Beds
2Baths
1,400Sq Ft
Condo

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Property Details
MLS Number
W13839662
Property Type
Condo
Status
active
Days on Site
8
Bedrooms
3
Bathrooms
2
Square Feet
1,400 sqft
Neighbourhood
Etobicoke (Islington / Rexdale)
Taxes (2026)
$3,024
Maintenance Fees
$1,427/mo
Locker
Ensuite
Exposure
East
Balcony
Open
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Description

Welcome to The Masters, one of Etobicoke's most established and sought-after condominium communities. This spacious 3+1 bedroom, 2 bath bungalow-style suite offers the kind of generous living space rarely found in newer condos, along with three private balconies and new broadloom throughout. The large kitchen provides an abundance of cabinetry and storage, while the flexible family room is ideal as a home office or den. Enjoy beautifully maintained grounds, a welcoming community atmosphere and an impressive range of amenities, including indoor and outdoor pools, fitness facilities, tennis, squash, sauna and more. Ideally located in Markland Wood, close to golf, parks, shopping, transit and major highways, with easy access to downtown Toronto and Pearson Airport. A wonderful opportunity to enjoy space, comfort and an established community in a convenient Etobicoke location.

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Estimate your monthly payments for this property

Estimated Payment

$2,308.22/mo

Includes CMHC insurance ($12,552)

$
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5-yr fixed avg.

Principal: $404,910Interest: $275,004
Mortgage Amount$417,462
Total Interest$275,004
Est. Property Tax$319/mo
Total Cost$692,466

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Markland Wood

Discover Markland Wood

Markland Wood is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Markland Wood

  • •Convenient location in Etobicoke (Islington / Rexdale)
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

Markland Wood offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

284 Mill Road Unit E1, Etobicoke (Islington / Rexdale)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$1,427
Property Tax (est.)-$319
Insurance (est.)-$94
Net Cash Flow+$1,240

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $321/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $1427/month fees should cover building insurance, common elements, and reserve contributions.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About Markland Wood

I know Markland Wood well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    284 Mill Road Unit E1 | $449,900 | Battaglia Team