480 Mclevin Avenue Unit 314, Toronto E11

Price: $499,000

2 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: E13671162

Bright and Spacious 2-bedroom, 2-bathroom condo in the desirable Mayfair on the Green IV community in Malvern. This well-designed suite offers a comfortable layout with generous living and dining areas, good-sized bedrooms, ample storage, and a private balcony. The primary bedroom features excellent closet space and a convenient ensuite bathroom.Enjoy an impressive selection of building amenities, including an indoor swimming pool, gym, sauna, hot tub, tennis courts, party room, and 24-hour gated security. The well-maintained community is surrounded by beautifully landscaped green space.Ideally located close to TTC, schools, shopping, library, community centre, medical facilities, University of Toronto Scarborough, Centennial College, and Highway 401. A great opportunity for first-time buyers, downsizers, families, or investors looking for a well-connected home in Malvern.

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$499,000 - 480 Mclevin Avenue Unit 314, Morningside

Condo for Sale in Morningside

Popular Listing

Neighbourhood: Malvern

2Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
E13671162
Property Type
Condo
Status
active
Days on Site
11
Bedrooms
2
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Scarborough (Morningside / West Hill)
Locker
Owned
Exposure
North West
Balcony
Open
Listing Brokerage
RE/MAX PREMIER INC.
Description

Bright and Spacious 2-bedroom, 2-bathroom condo in the desirable Mayfair on the Green IV community in Malvern. This well-designed suite offers a comfortable layout with generous living and dining areas, good-sized bedrooms, ample storage, and a private balcony. The primary bedroom features excellent closet space and a convenient ensuite bathroom.Enjoy an impressive selection of building amenities, including an indoor swimming pool, gym, sauna, hot tub, tennis courts, party room, and 24-hour gated security. The well-maintained community is surrounded by beautifully landscaped green space.Ideally located close to TTC, schools, shopping, library, community centre, medical facilities, University of Toronto Scarborough, Centennial College, and Highway 401. A great opportunity for first-time buyers, downsizers, families, or investors looking for a well-connected home in Malvern.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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: Malvern

Discover Malvern

Malvern 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 Malvern

  • Convenient location in Scarborough (Morningside / West Hill)
  • 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

Malvern 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

480 Mclevin Avenue Unit 314, Scarborough (Morningside / West Hill)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,283

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 $416/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. We'll want to verify the monthly fees and what they include.

About Malvern

I know Malvern 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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    480 Mclevin Avenue Unit 314 | $499,000 | Battaglia Team