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$749,000
188 Fairview Mall Drive · Toronto · Ontario M2J 4T1
44 days on market
Welcome to this spacious three-bedroom-plus-den ground-floor residence at Verde Residences, offering approximately 1,077 sq. ft. of thoughtfully designed living space plus an impressive 329 sq. ft. gated terrace. Multiple entrances provide exceptional convenience, with access from inside the building or directly through the private & spacious terrace-perfect for relaxing, entertaining and enjoying the outdoors. Soaring 10-foot ceilings, laminate flooring and a desirable southwest exposure create…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $50KPrice reduction
MLS shows the seller reduced the asking price by $50,000 (from $799,000 to $749,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: SUTTON GROUP-ADMIRAL REALTY INC.
Source: TRREB/PROPTX · MLS® C13762102
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $34,098 | $2,841/mo |
| Government & taxes | ||
| Property tax | $4,496 | $375/mo |
| Land transfer tax(closing) | $11,455 | $955/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $7,490 | $624/mo |
| Condo fees | ||
| Condo / HOA fees | $10,110 | $843/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $78,309 | $6,526/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.