Salehian.com 647-325-5000

50 Verne Crescent 42

Malvern, Toronto, M1B 2X1

$590,000

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  • 3 bedrooms
  • 3 bathrooms
  • 2 parking
  • 1000-1199 sq ft

Listed 13 days ago · MLS® E13872630

About this home

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.

Details

Type
Condo Townhouse
Style
2-Storey
Size
1000-1199 sq ft
Basement
Finished
Garage
Built-In
Kitchens
1
Property tax
$2,217 (2025)
Maintenance fee
$401/month
Neighbourhood
Malvern
Municipality
Toronto E11
Price per sq ft
$537 (about the same as condo townhouses in Malvern)

Interior

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

Heating, cooling and services

Heating
Baseboard, Electric

Building and exterior

Style
2-Storey
Exterior
Stucco (Plaster), Brick Front

Parking

Garage spaces
1
Total parking
2

Condo

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

More

Possession
Immediate
Cross street
Markham Rd & Sheppard Ave E

Rooms

RoomLevelSizeFeatures
Living RoomMain6.56 × 2.99 m (21'6" × 9'10")Window, Hardwood Floor
KitchenMain3.28 × 2.5 m (10'9" × 8'2")Tile Floor, Combined w/Dining
Dining RoomMain2.33 × 2.41 m (7'8" × 7'11")Tile Floor, Combined w/Kitchen, Walk-Out
Primary BedroomSecond3.09 × 4.6 m (10'2" × 15'1")Hardwood Floor, Closet, Window
BedroomSecond4.26 × 2.99 m (14' × 9'10")Window, Closet
BedroomSecond4.27 × 2.5 m (14' × 8'2")Closet, Window
RecreationBasement6.56 × 4.6 m (21'6" × 15'1")Hardwood Floor, Walk-In Closet(s)
BathroomBasement2.41 × 2.19 m (7'11" × 7'2")4 Pc Bath, Double Sink

History of this address

2 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 RE/MAX HALLMARK REALTY LTD..

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

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