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MLS® E13810678For SaleCondominium

406-3050 Ellesmere Rd

Morningside, Toronto, Ontario M1E 4C2

Map

Asking$399,000

Bedrooms: 2+1
Bathrooms: 2
Size: 1,200–1,399sq ft
Per sq ft: $307at the range’s middle
Tax a year: $1,7112026 tax year
Parking: 11 underground
Days on market: Members

The brief

About 406-3050 Ellesmere Rd

406-3050 Ellesmere Rd is a 2+1-bedroom, 2-bathroom condo in Morningside, Toronto, listed for sale at an asking price of $399,000 (MLS® E13810678).

Discover an exceptionally large and spacious 2-bedroom, 2-bathroom suite with a bright sunroom - a rare find offering an abundance of living space. Newly upgraded flooring gives the unit a fresh, modern feel, while the generous layout provides plenty of flexibility for comfortable living, working from home, or rental opportunities. One parking space and one locker are included, and hydro is included in the maintenance fees, providing added convenience and value. Ideally located just steps from University of Toronto (Scarborough), Centennial College, and the Pan Am Sports Centre, this property offers excellent potential for rental income and strong appeal to students, faculty, professionals and athletes. Conveniently situated near major highways, transit, shopping, and everyday amenities. A truly rare opportunity for bothinvestors and end-users! The maintenance fee include covers all utilities.

Insights

Condition Score
Good
76/100
2 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall
38/100
−$746/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 homes with 3 bedrooms for lease in Morningside right now. Cost of owning counts the mortgage, property tax and the condo fee.

Condition uses listing-record signals, not an inspection.

$399,000

Estimated market value

Inquire about this listing

ToKassaundra Dobson, Broker of RecordVALERY REAL ESTATE INC.

Listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage. Kassaundra is not the listing agent.

The home

Key facts

Tax: $1,711 / 2026
MLS® number: E13810678
Board: TRREB MLS®
Property Type: Condo Apt
Days on market
Size: 1200-1399 sqft
Listed on
Parking: 1 Underground, 1 Parking

Listing brokerage: ROYAL LEPAGE SIGNATURE REALTYData source: TRREB MLS®Information deemed reliable but not guaranteed. Contained information is subject to errors, omissions, and changes without notice. Information should be independently verified.

Property details

Property

Property Type: Condo Apt
Style: Apartment
Community: Morningside
Municipality: Toronto

Building

Size: 1200-1399 sqft
Construction: Concrete

Inside

Bedrooms: 2+1
Bathrooms: 2
Bathroom Details: 1 × 5pc Main, 1 × 4pc Main
Basement Type: None
Kitchens: 1

Parking

Garage Type: Underground
Garage: 1
Additional Parking: 0
Total Parking: 1

Utilities

Cooling: Central Air
Heating Type: Forced Air

Additional

Foundation: Concrete
Fireplace: No
Den: No
Family room: No
Extras: 1 Storage Lockers, 1 Underground Parking, Refrigerator, Stove/Oven, Washer, Dryer Condo fees cover Hydro, heating, A/C, water, building insurance, 1 parking.
Condo maint.: $1,382

Rooms

Room	Size	Features	Level
Living	3.37 × 5.76 m	Combined W/Dining, Laminate	Main
Dining	3.05 × 3.66 m	Combined W/Living, Laminate	Main
Sunroom	2.01 × 2.74 m	Separate Rm, Laminate	Main
Br	4.27 × 3.32 m	5 Pc Ensuite	Main
2nd Br	3.32 × 3.05 m	4 Pc Bath	Main

Listing history

Buy/sell history for 406-3050 Ellesmere Rd, Toronto, Ontario

Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.

Date Start	Date End	List Price	Price	Event	Listing ID
Date StartN/A	N/A	$399,000	N/A	Pc	E13810678

Members see the full history. Prices are hidden from signed-out visitors.

The numbers

Mortgage Calculator

Plan with the current asking price

Asking price Fixed

Interest rate

Mortgage term

Amortization

Down payment20% · $79,800

CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.

Mortgage Details

4.8% · 5-year term · 25-year amortization · 20% down

Total down payment: $79,800
Total mortgage amount: $319,200
Total interest payment: $227,100
Total purchase cost: $626,100
Mortgage payment: $1,821/mo

Cash Flow Analysis

If you rented this home out at 20% down

Mortgage paymentProperty tax (monthly)Rental incomeMaintenance cost

Break-even down payment

53%

Monthly carrying cost

$3,346

−$746per month

Rent $2,600
Shortfall $746

Rental income opens at $2,600, the median asking rent of 9 comparable homes for lease in Morningside. Type over it with the rent you expect. This is a planning tool, not advice.

Land transfer tax on this home

Ontario land transfer tax: $4,460
Toronto municipal land transfer tax: $4,460
Total land transfer tax: $8,920
First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475): −$8,460
Total for first-time buyers: $460

See how this is worked out

0.5% on the first $55,000: $275
1.0% from $55,000 to $250,000: $1,950
1.5% from $250,000 to $399,000: $2,235
Ontario total: $4,460

Toronto’s municipal tax uses the same brackets at this price, so it adds another $4,460.

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Estimate

Estimated value requires sign in

Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.

The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.

Comparable sales

Comparable sales require sign in

Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.

The land

Heritage and ravine protection

Not found on the Heritage Register
Not in a mapped Heritage Conservation District
In the mapped Ravine and Natural Feature Protection area

What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.

City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.

Zoning

Zone

RAC (au67.0) (x28)

By-law

569-2013

Municipality

Toronto

Residential Apartment Commercial zone (RAC)

1 au67.0
Lot area: at least u67.0 m² per dwelling unit.
2 x28
Site-specific exception 28: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 15, section 15.20 of By-law 569-2013 · Exception 900.8.10(28)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.

City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.

Permit history

2 building permits cleared at this address in the City’s file.

Garage Repair/ReconstructionPermit Issued
Garage repairs - localized concrete repairs to existing building
Issued September 11, 2023
Garage Repair/ReconstructionPermit Issued
Structural concrete repairs, interlocking pavers replacement, ashphalt repairs at parking lot, stairs railing repairs
Issued April 1, 2021

City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.

Signals around this home

Changing nearby

Changing nearby. 6 open development applications within 800 m of this home.

750 MORNINGSIDE AVESite planUnder Review
Site Plan Application for 28 four-storey stacked townhouse units that would be situated within two blocks to the east and south of the existing apartment building, The existing 13-storey apartment building on the site would be maintained.

300 m away
755 MORNINGSIDE AVEOfficial plan or zoning amendmentUnder Review
Official Plan Amendment application to adopt a Secondary Plan for the University of Toronto Scarborough Campus.

370 m away
1049 MILITARY TRLOfficial plan or zoning amendmentUnder Review
Official Plan Amendment application to adopt a Secondary Plan for the University of Toronto Scarborough Campus.

530 m away
875 MORNINGSIDE AVEOfficial plan or zoning amendmentUnder Review
Official Plan Amendment application to adopt a Secondary Plan for the University of Toronto Scarborough Campus.

590 m away
1050 MILITARY TRLOfficial plan or zoning amendmentUnder Review
Official Plan Amendment application to adopt a Secondary Plan for the University of Toronto Scarborough Campus.

640 m away
1048 MILITARY TRLOfficial plan or zoning amendmentUnder Review
Official Plan Amendment application to adopt a Secondary Plan for the University of Toronto Scarborough Campus.

750 m away

City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.

The market

Market area · filters apply to the charts below

City

Community

Property type

The street

Map and tour

Open in maps

Transit nearby

Station	Lines	Distance
Guildwood GO	GO Transit train: Lakeshore East	3.4 km

The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.

Schools nearby

Elementary	Type	Distance	EQAO average 2024–25
Military Trail Public SchoolToronto DSB	Public · grades JK–8	350 m	38%Grade 6 average
Highcastle Public SchoolToronto DSB	Public · grades JK–8	1.2 km	69%Grade 6 average
St Edmund Campion Catholic SchoolToronto CDSB	Catholic · grades JK–8	1.5 km	80%Grade 6 average
ÉÉC Saint-MichelConseil scolaire catholique MonAvenir	French-language Catholic · grades JK–6	3.4 km	89%Grade 6 average

Secondary	Type	Distance	Grade 9 math 2024–25
St John Paul II Catholic Secondary SchoolToronto CDSB	Catholic · grades 9–12	500 m	64%Grade 9 math
West Hill Collegiate InstituteToronto DSB	Public · grades 9–12	1.3 km	35%Grade 9 math
Woburn Collegiate InstituteToronto DSB	Public · grades 9–12	2.6 km	51%Grade 9 math
ÉSC Père-Philippe-LamarcheConseil scolaire catholique MonAvenir	French-language Catholic · grades 9–12	6.3 km	55%Grade 9 math

EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.

The verdict

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