MLS® listing
48 Cornelius Parkway: detached house for sale
$2,400,000
From the listing brokerage
Discover modern luxury in this custom-built smart home (2018) in Toronto's sought-after North Park community. Custom-built smart home (2018) in Toronto's sought-after North Park. Builder-owned, offering 4+1 bedrooms, 5 bathrooms, and parking for 6.Features a 16-ft open foyer with floating glass staircase, open-concept layout with Italian porcelain, engineered hardwood, and 10-9 ft ceilings. Gourmet kitchen with Wolf & Sub-Zero appliances and walkout to patio. Bright living area with fireplace and separate dining. Primary suite with 5-piece ensuite and walk-in closet. Finished basement includes a separate-entry 1-bedroom suite and all-season BBQ room with legal Parilla grill. Landscaped backyard with Hydro Pool swim spa. Upgraded construction throughout. Close to parks, schools, and transit.
Facts on the listing
| Square feet | 3000-3500 |
|---|---|
| Approximate age | 6-15 |
| Style | 2-Storey |
| Basement | Apartment |
| Lot width | 40 |
| Lot depth | 130 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 6 |
| Garage | Built-In |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 2 |
| Property tax | $9,003 |
| Tax year | 2025 |
| Interior features | Central Vacuum |
Listing courtesy of RE/MAX ULTIMATE ESTATES. MLS® W13166444.
About this detached house
48 Cornelius Parkway is a 5 bedroom detached house in TRREB's Maple Leaf community in Toronto, listed for sale at $2,400,000. The listing shows 5 bathrooms and 3000-3500 square feet. The style is given as 2-storey. The lot is listed as 40 by 130 feet. The listing gives the basement as apartment. It comes with 6 parking spaces and a built-in garage according to the listing. The nearest main intersection given is Keele/Maple Leaf Drive. The age is listed as 6-15 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 48 Cornelius Parkway
At the asking price of $2,400,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $2,400,000 |
|---|---|
| Ontario land transfer tax | $46,475 |
| Toronto municipal land transfer tax | $46,475 |
| Both taxes | $92,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $480,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $9,003 a year, about $750 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $2,400,000, which is $1,230,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 40 by 130 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 2 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 48 Cornelius Parkway
How much is land transfer tax on 48 Cornelius Parkway?
At the asking price of $2,400,000 the Ontario tax is $46,475 and the Toronto tax is $46,475, $92,950 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 48 Cornelius Parkway?
$480,000 at the asking price of $2,400,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 48 Cornelius Parkway?
The listing shows $9,003 a year for 2025, about $750 a month.
Is 48 Cornelius Parkway priced above or below the median?
It is listed at $2,400,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $1,230,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 48 Cornelius Parkway?
Use the form on this page or call us. Quote MLS® W13166444. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 48 Cornelius Parkway still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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