42-50 Verne Cres
Malvern, Toronto, Ontario M1B 2X1
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,000–1,199sq ft
- Per sq ft
- $527at the range’s middle
- Tax a year
- $2,2172025 tax year
- Parking
- 21 built-in
- Days on market
- Members
The brief
About 42-50 Verne Cres
42-50 Verne Cres is a 3-bedroom, 3-bathroom condo townhouse in Malvern, Toronto, listed for sale at an asking price of $579,000 (MLS® E13872630).
Welcome to this upgraded 3-bedroom, 3-bathroom condo townhouse offering a functional layout, comfortable living space, and added flexibility across multiple levels. The kitchen provides plenty of room for everyday living and features a walkout to the backyard, creating an easy connection to the outdoor space. Three well-sized bedrooms offer room for families, guests, or a home office. The finished basement adds valuable additional living space and offers excellent potential for extended family, a recreation area, or possible rental use. Ideally located close to the University of Toronto Scarborough, Centennial College, public transit, shopping, everyday amenities, and Highway 401. With its finished lower level, private outdoor space, and convenient location, this home represents excellent value and a great opportunity.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall42/100−$578/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 10 condos with 3 bedrooms for lease in Malvern 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
- $2,217 / 2025
- MLS® number
- E13872630
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Built-In, 2 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- Malvern
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc 2nd, 1 × 4pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Garage Type
- Built-In
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Cooling
- None
- Heating Type
- Baseboard
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Condo maint.
- $401
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 2.99 × 6.56 m | Window, hardwood floor | Main |
| Kitchen | 2.5 × 3.28 m | Tile Floor, Combined W/Dining | Main |
| Dining | 2.41 × 2.33 m | Tile Floor, Combined W/Kitchen, Walk-Out | Main |
| Primary | 4.6 × 3.09 m | hardwood floor, Closet, Window | 2nd |
| Br | 2.99 × 4.26 m | Window, Closet | 2nd |
| Br | 2.5 × 4.27 m | Closet, Window | 2nd |
| Room 7 | 2.02 × 1.51 m | 4 Pc Bath | 2nd |
| Rec | 4.6 × 6.56 m | hardwood floor, W/I Closet | Bsmt |
| Bathroom | 2.19 × 2.41 m | 4 Pc Bath, Double Sink | Bsmt |
Listing history
Buy/sell history for 42-50 Verne Cres, 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 | $579,000 | N/A | Pc | E13872630 |
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
- $115,800
- Total mortgage amount
- $463,200
- Total interest payment
- $329,400
- Total purchase cost
- $908,400
- Mortgage payment
- $2,642/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
37%Monthly carrying cost
$3,228- Rent $2,650
- Shortfall $578
Rental income opens at $2,650, the median asking rent of 10 comparable homes for lease in Malvern. 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
- $8,055
- Toronto municipal land transfer tax
- $8,055
- Total land transfer tax
- $16,110
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $7,635
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 $579,000
- $3,580
- Ontario total
- $8,055
Toronto’s municipal tax uses the same brackets at this price, so it adds another $8,055.
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
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- 10 water-supply wells recorded within 250 m9 of them were drilled for domestic use; 9 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 13.6 m.250 m
- Groundwater recorded about 7.3 m below ground nearbyThe middle water level in the well records within 500 m (98 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 6 building permits issued within 250 m in the last 2 years250 m
- 4 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Mapped parcel: about 205,320 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 790 m790 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 4 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is City of Toronto — Scarborough Transfer Station, 490 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Rogers. Cable: INNSYS, Rogers. DSL: Bell. Fixed wireless: Bell, Dash Networks, Rogers, Routcom. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
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
Zone
RM (x330)By-law
569-2013Municipality
Toronto1 x330
Site-specific exception 330: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 10, section 10.80 of By-law 569-2013 · Exception 900.6.10(330)
3 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
31 building permits cleared at this address in the City’s file.
Alter: Add on /DuctworkRevocation Pending
Install gas forced air hvac system from baseboard
Issued December 2, 2022
Heat/Ventilation: SFD/Semi/THClosed
Switching the hvac system from electrical baseboard to natural gas force air convectional system. Ducting design and equipment selection
Issued May 20, 2022
Building Permit Related(PS)Inspection
Plumbing - Proposal to legalize the asbuilt finished basment.
Issued April 1, 2022
Interior AlterationsInspection
Proposal to legalize the asbuilt finished basment.
Issued April 1, 2022
Alter: Add on /DuctworkCancelled
Proposed Switching the hvac system from electrical baseboard to natural gas force air convectional system. Ducting design and equipment selection
Completed August 30, 2022
Alter: Add on /DuctworkRevocation Pending
Proposed to switching the hvac system from electrical baseboard to natural gas force air convectional system. Ducting design and equipment selection.
Issued January 24, 2022
Boiler/Furnace: SFD/Semi/THClosed
Proposal to replace the electrical baseboard heating system with a natural gas forced air convectional system in an existing townhouse that is part of a condo complex - UNIT 46
Issued January 10, 2022
Heat/Ventilation: SFD/Semi/THRevocation Pending
Proposal tp switch the hvac system from electrical baseboard to natural gas force air convectional system.
Issued January 10, 2022
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. 6 open development applications within 800 m of this home.
3 ORMEROD STOfficial plan or zoning amendmentUnder Review
27 storey residential development with office uses and day care use on the ground
140 m away1771 MARKHAM RDOfficial plan or zoning amendmentUnder Review
27 storey residential development with office uses and day care use on the ground
190 m away1 ORMEROD STOfficial plan or zoning amendmentUnder Review
27 storey residential development with office uses and day care use on the ground
210 m away5556 SHEPPARD AVE EOfficial plan or zoning amendmentUnder Review
27 storey residential development with office uses and day care use on the ground
210 m away5085 SHEPPARD AVE ESite planUnder Review
Site Plan application to permit a 1-storey commercial building with a GFA of 232.3 square metres containing 2 retail units. The existing commercial buildings on site are to remain
440 m away5060 SHEPPARD AVE ESite planUnder Review
Site Plan Approval for an addition to the existing 2-storey vehicle dealership and repair garage.
450 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 Malvern right now
- For sale now
- 46
- Median asking price
- $577K
- New in 7 days
- 1
- Price cuts
- 20%
Middle half: $499K to $600K
9 in 28 days
9 listings
This home is asking at the median.
See all homes in MalvernAsking 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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Agincourt GO | GO Transit train: Stouffville | 3.9 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 |
|---|---|---|---|
| Malvern Junior Public SchoolToronto DSB | Public · grades JK–6 | 400 m | 63%Grade 6 average |
| St Barnabas Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 750 m | 76%Grade 6 average |
| Burrows Hall Junior Public SchoolToronto DSB | Public · grades JK–6 | 800 m | 87%Grade 6 average |
| ÉÉC Saint-Jean-de-LalandeConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.4 km | 81%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Lester B Pearson Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.3 km | 47%Grade 9 math |
| Woburn Collegiate InstituteToronto DSB | Public · grades 9–12 | 2.1 km | 51%Grade 9 math |
| St Mother Teresa Catholic AcademyToronto CDSB | Catholic · grades 9–12 | 2.4 km | 29%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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Sold prices in Malvern are shown to signed-in members.