318-402 The East Mall Dr
Islington-City Centre West, Toronto, Ontario M9B 3Z9
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $700at the range’s middle
- Tax a year
- $4,2662026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 318-402 The East Mall Dr
318-402 The East Mall Dr is a 2-bedroom, 2-bathroom condo townhouse in Islington-City Centre West, Toronto, listed for sale at an asking price of $769,900 (MLS® W14137282).
A rare Power of Sale! opportunity in one of Etobicoke most convenient and fast-growing communities. This modern 1,176 sq. ft. townhouse-style condo is offered As Is, Where Is and delivers exceptional value for both investors and first-time buyers. Featuring two self-contained one-bedroom units, each with a full kitchen, the property offers unique flexibility live in one and rent the other to offset your mortgage. Enjoy a private balcony, underground parking and locker, and a spacious, functional layout. Ideally located with quick access to Hwy 427, QEW, Gardiner Expressway, and major transit routes, and only minutes from Cloverdale Mall, Sherway Gardens, parks, schools, and everyday conveniences. Seller is open to providing vendor take-back financing, making this a smart and attractive opportunity.
Insights
Condition Score
Fair54/100Listing notes possible renovation needs
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall18/100−$1,880/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 94 homes with 2 bedrooms for lease in Islington-City Centre West right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,266 / 2026
- MLS® number
- W14137282
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- Multi-Level
- Community
- Islington-City Centre West
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Upper, 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 2
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Condo maint.
- $586
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 318-402 The East Mall Dr, 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 | $769,900 | N/A | For Sale | W14137282 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
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
- $153,980
- Total mortgage amount
- $615,920
- Total interest payment
- $437,980
- Total purchase cost
- $1,207,880
- Mortgage payment
- $3,513/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
63%Monthly carrying cost
$4,455- Rent $2,575
- Shortfall $1,880
Rental income opens at $2,575, the median asking rent of 94 comparable homes for lease in Islington-City Centre West. 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
- $11,873
- Toronto municipal land transfer tax
- $11,873
- Total land transfer tax
- $23,746
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $15,271
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 $400,000
- $2,250
- 2.0% from $400,000 to $769,900
- $7,398
- Ontario total
- $11,873
Toronto’s municipal tax uses the same brackets at this price, so it adds another $11,873.
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
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check 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
By-law
See Former City of Etobicoke By-Law No. 11,737What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
10-21 FOUR SEASONS PLOfficial plan or zoning amendmentUnder Review
The application proposes a Zoning By-law Amendment to permit four 23-storey residential towers attached by a 3-storey podium. The proposal includes 1021 residential units, 4086.77 square metres of amenity space, a total GFA of 83,697.05 square metres with a floor space index of 4.36 and public parkland dedication.
100 m away419 BURNHAMTHORPE RDSite planInactive
INACTIVE - INACTIVE Site Plan Control application to redevelop the site with 6 townhouse units. The proposed townhouse units will be 3-storeys in height and have a total residential gross floor area of 1,300 sq m. A total of 15 parking spaces are provided for below grade and will be accessed from the garage entrance fronting Burnhamthorpe Road. A Zoning By-law Amendment (19 251103 WET 02 OZ) application has been reviewed and adopted by City Council on July 16, 2021.
160 m away417 BURNHAMTHORPE RDSite planInactive
INACTIVE - INACTIVE Site Plan Control application to redevelop the site with 6 townhouse units. The proposed townhouse units will be 3-storeys in height and have a total residential gross floor area of 1,300 sq m. A total of 15 parking spaces are provided for below grade and will be accessed from the garage entrance fronting Burnhamthorpe Road. A Zoning By-law Amendment (19 251103 WET 02 OZ) application has been reviewed and adopted by City Council on July 16, 2021.
170 m away5 CAPRI RDOfficial plan or zoning amendmentUnder Review
Application to lift "(H)" symbol.
630 m away5 CAPRI RDSite planUnder Review
Site Plan Application in relation to the Zoning By-Law amendment application, file 21 125098 WET 02 OZ.
630 m away5 CAPRI RDPlan of subdivisionUnder Review
Draft Plan of Subdivision in order to establish 3 development blocks (Blocks 1 and 2 for residential and Block 3 for a new public park) as well as a new public road (Street 'A').
630 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
Condos for sale in Islington-City Centre West right now
- For sale now
- 17
- Median asking price
- $700K
- New in 7 days
- 2
- Price cuts
- 24%
Middle half: $675K to $770K
7 in 28 days
4 listings
This home is asking 10% above the median.
See all homes in Islington-City Centre WestAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 2.3 km |
| Islington Station | TTC subway: Line 2 Bloor-Danforth | 3 km |
| Renforth Station | MiWay bus rapid transit: Transitway | 3 km |
| Orbitor Station | MiWay bus rapid transit: Transitway | 3.2 km |
| Spectrum Station | MiWay bus rapid transit: Transitway | 3.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; MiWay schedule data (GTFS) from the City of Mississauga under the City of Mississauga Terms of Use, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. 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. MiWay's schedule data is publicly available from the City of Mississauga under its Terms of Use.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| West Glen Junior SchoolToronto DSB | Public · grades JK–5 | 400 m | 57%Grade 3 average |
| Broadacres Junior Public SchoolToronto DSB | Public · grades JK–5 · French Immersion | 900 m | 55%Grade 3 average |
| St Elizabeth Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.3 km | 83%Grade 6 average |
| ÉÉC Notre-Dame-de-GrâceConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 3.7 km | 90%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Burnhamthorpe Collegiate InstituteToronto DSB | Public · grades 9–12 | 250 m | — |
| Silverthorn Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.9 km | 53%Grade 9 math |
| Michael Power/St Joseph High SchoolToronto CDSB | Catholic · grades 9–12 | 2.3 km | 68%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 9.7 km | 82%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
Similar Active Listings
Recently sold nearby
Sold prices in Islington-City Centre West are shown to signed-in members.