Salehian.com 647-325-5000

50 Verne Crescent 22

Malvern, Toronto, M1B 2Z1

$699,000

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  • 3 bedrooms
  • 2 bathrooms
  • 2 parking
  • 1200-1399 sq ft

Listed 120 days ago · MLS® E13476878

About this home

Welcome to this beautifully updated three-storey condo townhome nestled in a desirable Scarborough community. Bright, spacious, and thoughtfully designed, this home features an open-concept layout that is both functional and inviting.The fully renovated kitchen showcases upgraded quartz countertops and modern finishes, seamlessly flowing into the living and dining areas, perfect for both everyday living and entertaining. The living room is highlighted by soaring vaulted ceilings and a cozy gas fireplace, creating a warm and airy atmosphere filled with natural light. This meticulously maintained home also offers updated washrooms and a newer roof with the option to add a skylight for even more natural light. Located in a well managed and quiet complex, this property is conveniently located close to parks, schools, shopping, transit, major highways, and the world-renowned Toronto Zoo. An excellent opportunity for first-time home buyers, down-sizers, or investors seeking a move-in-ready home in a fantastic location. Just move in and enjoy!

Details

Type
Condo Townhouse
Style
3-Storey
Size
1200-1399 sq ft
Basement
Unfinished
Garage
Attached
Kitchens
1
Property tax
$2,163 (2026)
Maintenance fee
$401/month
Neighbourhood
Malvern
Municipality
Toronto E11
Price per sq ft
$538 (about the same as condo townhouses in Malvern)

Interior

Bedrooms
3 above ground
Bathrooms
1 × 2-piece (ground), 1 × 4-piece (third)
Rooms
8 above ground
Family room or den
No
Fireplace
Natural Gas
Laundry
Ensuite

Heating, cooling and services

Heating
Baseboard, Electric

Building and exterior

Style
3-Storey
Exterior
Brick
Outdoor
Patio

Parking

Garage spaces
1
Total parking
2
Driveway and parking
Private

Condo

Monthly fee
$401
Fee includes
Common Elements Included, Building Insurance Included, Parking Included, Water Included
Amenities
Visitor Parking
Exposure
South
Pets
Yes-with Restrictions
Property manager
Newton-Trelawney

More

Possession
Flexible
Nearby
Place Of Worship, Public Transit, School, Park
Cross street
Markham Rd & Sheppard Ave

Rooms

RoomLevelSizeFeatures
Living RoomMain5.6 × 4.1 m (18'4" × 13'5")Large Window, W/O To Patio, Fireplace
BreakfastSecond3.4 × 2.9 m (11'2" × 9'6")Overlooks Dining, Laminate
KitchenSecond5.6 × 2.5 m (18'4" × 8'2")Stainless Steel Appl, Window, Backsplash
Dining RoomSecond3.4 × 2.9 m (11'2" × 9'6")Overlooks Living, Laminate
Primary BedroomThird5 × 3.3 m (16'5" × 10'10")Large Window, Closet, Broadloom
Bedroom 2Third2.9 × 4.2 m (9'6" × 13'9")Window, Closet, Broadloom
Bedroom 3Third2.8 × 2.72 m (9'2" × 8'11")Window, Closet, Broadloom
LaundryLower3.4 × 4.1 m (11'2" × 13'5")Concrete Floor, Unfinished, Window

History of this address

8 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Agincourt GO4.0 km

Within a 10-minute walk: 2 grocery stores, 10 cafés and restaurants, 3 parks, 4 pharmacies. Nearest grocery: Spiceland Super Market (400 m). Nearest park: Pinetree Park (400 m).

Schools nearby

Elementary

  • Malvern Junior Public School
    EQAO: Gr 6 reading 74%, math 47%    5 min walk
  • St. Barnabas Catholic School Catholic
    EQAO: Gr 6 reading 100%, math 43%    10 min walk
  • Burrows Hall Junior Public School
    EQAO: Gr 6 reading 94%, math 73%    12 min walk
  • St. Elizabeth Seton Catholic School Catholic18 min walk

Secondary

  • Lester B. Pearson Collegiate Institute
    EQAO: Gr 9 math 47%, literacy test 84%    17 min walk
  • Dr. Marion Hilliard Senior Public School18 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M1B

Owners / renters
72% / 28%
Median household income
$91,000
Average age
41
Children under 15
15%
Homes
30% detached, 22% high-rise
Commute by transit
23%
Population
65,555

Languages spoken most at home besides English: Tamil 9.5%, Tagalog (Pilipino, Filipino) 3.7%, Urdu 2.7%, Yue (Cantonese) 2.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Malvern West (2025): about the Toronto average, up 11% from the year before.

  • Assaultabout average
  • Break and enter77% below average
  • Auto theft63% above average
  • Robbery60% above average
  • Theft from vehiclesabout average
  • Shootings236% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 1 active

  • 3 ORMEROD ST · 250 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2016
    27 storey residential development with office uses and day care use on the ground
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 20 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built RM

Residential Multiple Dwelling (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2022 · Inspection
    Proposal to legalize the asbuilt finished basment.
  • Interior Alterations · 2020 · Closed
    Revision 01- Changes to plans .PROPOSED: Removal of an existing load-bearing wall.
  • Interior Alterations · 2018 · Permit Issued
    Proposed interior alterations to Basement for a new washroom, enclose furnace room and utility room, and interior alterations on ground…

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

24 City street trees within 100 m, mostly maples. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by PSR.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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