MLS® listing
61 Markbrook Lane 706: condo apartment for sale
$589,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 1000-1199 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 2 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $721 |
| Property tax | $1,719 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Water Included, Common Elements Included, Building Insurance Included |
| Building amenities | Exercise Room, Indoor Pool, Party Room/Meeting Room, Sauna, Squash/Racquet Court, Playground |
| Balcony | Terrace |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Carpet Free, Water Heater |
| Features | Clear View, Park, Public Transit, School, Wooded/Treed, Terraced |
| View | City, Clear, Panoramic, Park/Greenbelt, River, Trees/Woods, Valley |
| Floor | 7 |
Listing courtesy of RIGHT AT HOME REALTY. MLS® W14032958.
About this condo apartment
61 Markbrook Lane 706 is a 2 bedroom condo apartment in TRREB's Mount Olive-Silverstone-Jamestown community in Toronto, listed for sale at $589,000. The listing shows 2 bathrooms and 1000-1199 square feet. The style is given as apartment. The unit faces south. It comes with 2 parking spaces and an underground garage according to the listing. The nearest main intersection given is Kipling and Steeles West..
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: exercise room, indoor pool, party room/meeting room, sauna, squash/racquet court and playground.
What it costs to buy 61 Markbrook Lane 706
At the asking price of $589,000, 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 | $589,000 |
|---|---|
| Ontario land transfer tax | $8,255 |
| Toronto municipal land transfer tax | $8,255 |
| Both taxes | $16,510 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $33,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. 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
| Maintenance fee | $721 a month |
|---|---|
| Property tax (2026) | $1,719 a year, about $143 a month |
| Fee and tax together | about $864 a month |
The listing says the maintenance fee includes water, common elements and building insurance. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $589,000, which is $39,000 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
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 2 parking spaces. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
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
Similar homes for sale in Toronto
$439,90023 Lorraine Drive 610, Toronto, ON M2N 6Z62 bedrooms · 1 bathroom · Condo ApartmentListed by CHESTNUT PARK REAL ESTATE LIMITED. MLS® C13856836
$524,900260 Sackville Street 514, Toronto, ON M5A 0B32 bedrooms · 2 bathrooms · Condo ApartmentListed by RE/MAX URBAN TORONTO TEAM REALTY INC.. MLS® C14034504
$604,90010 Graphophone Grove 2305, Toronto, ON M6H 0E52 bedrooms · 1 bathroom · Condo ApartmentListed by PSR. MLS® W14034468
$349,00052 Forest Manor Road 104, Toronto, ON M2J 0E22 bedrooms · 1 bathroom · Condo ApartmentListed by RealtyAI Plus Inc.. MLS® C14033484
$478,000170 Sumach Street 507, Toronto, ON M5A 0C32 bedrooms · 1 bathroom · Condo ApartmentListed by RE/MAX WEST REALTY INC.. MLS® C14034420
$1,119,000470 Front Street 2015, Toronto, ON M5V 0V62 bedrooms · 2 bathrooms · Condo ApartmentListed by REMAX YOUR COMMUNITY REALTY. MLS® C13580920
Questions about 61 Markbrook Lane 706
How much is land transfer tax on 61 Markbrook Lane 706?
At the asking price of $589,000 the Ontario tax is $8,255 and the Toronto tax is $8,255, $16,510 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 61 Markbrook Lane 706?
$33,900 at the asking price of $589,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 61 Markbrook Lane 706?
The listing shows $721 a month, including water, common elements and building insurance. Check the current fee in the status certificate.
How much is the property tax on 61 Markbrook Lane 706?
The listing shows $1,719 a year for 2026, about $143 a month.
Is 61 Markbrook Lane 706 priced above or below the median?
It is listed at $589,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $39,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 61 Markbrook Lane 706?
Use the form on this page or call us. Quote MLS® W14032958. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 61 Markbrook Lane 706 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.