706-61 Markbrook Lane
Mount Olive-Silverstone-Jamestown, Toronto, Ontario M9V 5E7
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $536at the range’s middle
- Tax a year
- $1,7192026 tax year
- Parking
- 22 underground
- Days on market
- Members
The brief
About 706-61 Markbrook Lane
706-61 Markbrook Lane is a 2-bedroom, 2-bathroom condo in Mount Olive-Silverstone-Jamestown, Toronto, listed for sale at an asking price of $589,000 (MLS® W14032958).
A Rare Entertainer's Dream with Over 2,000 Sq. Ft. of Indoor & Outdoor Terrace Living. Downsize Your House, Upgrade Your Life! Welcome to Unit 706 at Cascades 1, offering approximately 2,000 sq. ft. of combined indoor and outdoor living space, including a spectacular private terrace of over 900 sq. ft.-a rare find in condominium living. This bright 2-bedroom plus solarium features a spacious open-concept layout and exceptional natural light. With South and Southeast exposure, the suite enjoys full-day sun and unobstructed panoramic views of the protected Humber River Valley, Humber River, lush greenery, and peaceful walking trails of Rowntree Mills Park. The expansive private terrace is a true outdoor extension of the home, ideal for entertaining, alfresco dining, gardening, or simply relaxing and enjoying the sunshine and views. The apartment is furnished and rental-ready, with beds and furnishings already in place-an excellent turnkey opportunity for an investor, executive occupant, or buyer seeking a move-in-ready home. Enjoy carefree condo living with outstanding amenities including an indoor swimming pool, squash courts, fitness facility, sauna, and 24-hour security. The unit also includes two indoor parking spaces. Conveniently located close to York University and Humber College, shopping, parks, and nature trails. A rare opportunity combining exceptional indoor/outdoor space, sunlight, privacy, panoramic views, two indoor parking spaces, and a turnkey furnished residence. Downsize your house. Upgrade your lifestyle. Come experience Unit 706 at Cascades 1.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall35/100−$877/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 8 condos with 2 bedrooms for lease in Mount Olive-Silverstone-Jamestown 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
- $1,719 / 2026
- MLS® number
- W14032958
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mount Olive-Silverstone-Jamestown
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc, 1 × 3pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, stove, dishwasher, washer and dryer, dinning table with chairs, office chairs, coffee table, two beds, antique furniture, large framed mirrors
- Condo maint.
- $721
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Primary | 4.77 × 5.97 m | 3 Pc Ensuite, Walk-Out, Combined W/Laundry | — |
| 2nd Br | 3.75 × 3.85 m | Closet, Large Window, carpet free | — |
| Dining | 2.5 × 2.3 m | — | — |
| Living | 2.52 × 3.72 m | Parquet Floor | — |
| Solarium | 2.52 × 3.0 m | Laminate, Window Flr to Ceil | — |
| Kitchen | 2.83 × 2.7 m | Ceramic Floor | — |
| Bathroom | 1.6 × 2.4 m | 3 Pc Ensuite, Ceramic Floor | — |
| Bathroom | 1.54 × 2.74 m | Ceramic Floor | — |
| Laundry | 2.8 × 2.6 m | — | — |
Listing history
Buy/sell history for 706-61 Markbrook Lane, 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 | $589,000 | N/A | For Sale | W14032958 |
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
- $117,800
- Total mortgage amount
- $471,200
- Total interest payment
- $335,200
- Total purchase cost
- $924,200
- Mortgage payment
- $2,688/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
46%Monthly carrying cost
$3,552- Rent $2,675
- Shortfall $877
Rental income opens at $2,675, the median asking rent of 8 comparable homes for lease in Mount Olive-Silverstone-Jamestown. 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
- $8,255
- Toronto municipal land transfer tax
- $8,255
- Total land transfer tax
- $16,510
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $8,035
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 $589,000
- $3,780
- Ontario total
- $8,255
Toronto’s municipal tax uses the same brackets at this price, so it adds another $8,255.
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 Yossi Kaplan, MBA, Salesperson 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
- 1 water-supply well recorded within 250 mIt was drilled for domestic use; 2 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 6.1 m.250 m
- Groundwater recorded about 22.6 m below ground nearbyThe middle water level in the well records within 500 m (12 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
- 2 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 7.9 km7.9 km
- Mapped parcel: about 268,120 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 · toronto.parcels
Around the home2
- Nearest rail line: 660 m660 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
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is L&M Precision Products Inc., 1.8 km away. Only facilities above the inventory’s reporting thresholds are listed.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 110 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (110 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.110 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, 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
RAC (au67.0) (x95)By-law
569-2013Municipality
Toronto1 au67.0
Lot area: at least u67.0 m² per dwelling unit.
2 x95
Site-specific exception 95: 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(95)
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
1 building permit cleared at this address in the City’s file.
Backflow Prevention Devices (Water only)Closed
Install backflow preventor
Issued November 6, 2014
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. 2 open development applications within 800 m of this home.
12 HILLSIDE RDOfficial plan or zoning amendmentAppeal Received
Proposed construction of a 2-storey single detached dwelling with an attached garage. The proposed building (with garage) will provide an approximate GFA of 445.44m2. The garage area is proposing to be constructed within the easement area to improve access to the subject property as well as improve residential safety as a result of the roadway abruptly ending.
440 m awaySite PlanIn Progress
To propose sales trailer.
590 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 Mount Olive-Silverstone-Jamestown right now
- For sale now
- 37
- Median asking price
- $487K
- New in 7 days
- 1
- Price cuts
- 19%
Middle half: $430K to $530K
10 in 28 days
7 listings
This home is asking 21% above the median, higher than three quarters of them.
See all homes in Mount Olive-Silverstone-JamestownAsking 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 |
|---|---|---|
| Mount Olive Station | TTC light rail: Line 6 Finch West | 1.8 km |
| Stevenson Station | TTC light rail: Line 6 Finch West | 1.8 km |
| Rowntree Mills Station | TTC light rail: Line 6 Finch West | 2 km |
| Albion Station | TTC light rail: Line 6 Finch West | 2 km |
| Highway 7 / Kipling | YRT bus rapid transit: Viva Orange | 2.4 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; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Venerable John Merlini Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 500 m | 92%Grade 6 average |
| North Kipling Junior Middle SchoolToronto DSB | Public · grades JK–8 | 850 m | 54%Grade 6 average |
| John D Parker Junior SchoolToronto DSB | Public · grades JK–5 | 1.1 km | 72%Grade 3 average |
| École élémentaire Félix-LeclercConseil scolaire Viamonde | French-language public · grades JK–6 | 8 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| North Albion Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.4 km | 29%Grade 9 math |
| Holy Cross Catholic Academy High SchoolYork CDSB | Catholic · grades 9–12 | 2.1 km | 70%Grade 9 math |
| Woodbridge CollegeYork Region DSB | Public · grades 9–12 · French Immersion | 2.3 km | 50%Grade 9 math |
| ÉSC de l'Ascension - VaughanConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 4.8 km | 57%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 Mount Olive-Silverstone-Jamestown are shown to signed-in members.