48 Tower Drive, Toronto, ON

$1,250,000
MLS#:E13420118
4 beds
2 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Wexford-Maryvale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,250,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 40 x 125 ft lot
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled in the heart of sought-after Wexford-Maryvale, this beautiful family home offers the perfect blend of suburban charm and urban convenience. Boasting a substantial rear addition that nearly doubles the square footage compared to many homes in the neighbourhood, this property delivers the space today's families have been searching for. The thoughtfully designed main floor features a bright, open-concept living, dining, and kitchen area flooded with natural light & hardwood floors. Whether you're hosting family gatherings or entertaining friends, this inviting space is designed to bring everyone together. Step outside to the expansive deck and enjoy summer evenings overlooking your private backyard with no neighbours behind and stunning sunset views. In the cooler months, gather around the custom wood-burning fireplace, creating the perfect cozy retreat. The updated kitchen is both stylish and functional, featuring granite countertops, S/S appliances, and tasteful finishes that complement the home's timeless appeal. Upstairs, you'll find four spacious bedrooms, including a generously sized primary suite complete with a walk-in closet & semi-ensuite access. With room for the whole family, this upper level offers comfort, flexibility, and everyday convenience (& more beautiful hardwood!). The basement provides an abundance of additional living space ready to suit your needs. Partially finished and highly versatile, it's perfect for a home office, gym, rec room, or hobby space, while still offering ample storage and future potential to customize and grow with you. Located within an established and family-friendly community with mature tree-lined streets, pride of ownership, and welcoming atmosphere. Close to parks, schools, shopping, dining, public transit, Highway 401, and the DVP, making commuting across the city a breeze. Beautifully updated, lovingly cared for, and move-in ready...there's nothing left to do but pack your bags!

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/9/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionBrick
BasementPartially Finished
Lot Size40 × 125 Feet
CountyToronto
Annual Tax$4,558.52
Legal DescriptionLOT 48, PLAN 4168 SCARBOROUGH , CITY OF TORONTO

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Public Transit, School

Interior Features

Central Vacuum

Security Features

Community Features

Location

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48 Tower Drive, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 48 Tower Drive, Toronto E04, ON M1R 3N9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$250,000 (20.0%)
* Minimum Canadian down payment required for this price is $250,000.
Amortization Period25 Years
Estimated Monthly Payment$5,959Based on a loan of $1,000,000 over 25 years.
Purchase Price$1,250,000
Loan Amount$1,000,000
Provincial Land Transfer Tax:$21,475
Toronto Municipal Land Transfer Tax:$21,475
Total Estimated Closing Taxes:$42,950

About Purchasing a Home in Toronto, ON

For a property listed at $1,250,000 in Toronto, the legal minimum down payment is $250,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $21,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $21,475 also applies, bringing the total estimated land transfer taxes to $42,950.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,165,492

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.