43.7593° N · 79.5853° W — Mount Olive-Silverstone-Jamestown, Toronto — MLS® #W14032958
706-61 Markbrook Lane
$589,000
Mount Olive-Silverstone-Jamestown, Toronto, Ontario M9V 5E7
- 2
- BedroomsBeds
- 2
- BathroomsBaths
- 1000-1199 sqft1000-1199
- SizeSq ft
Inquire about this listing

In short · from the listing record
706-61 Markbrook Lane is a 2-bedroom, 2-bathroom condo in Mount Olive-Silverstone-Jamestown, Toronto, listed for sale at an asking price of $589,000 (MLS® W14032958).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
71Good
Condition score
1 documented update signal
Listing age, structured features and disclosed update language; not an inspection.
38Shortfall
Cash flow quality
−$777/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 6 condos with 2 bedrooms for lease in Mount Olive-Silverstone-Jamestown right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $1,719 / 2026
- MLS® number
- W14032958
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Time on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Listing history
Listing activity for 706-61 Markbrook Lane, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $589,000 | N/A | For Sale | W14032958 |
Inside
Room by room
From the listing.
- Primary4.77 × 5.97 m3 Pc Ensuite, Walk-Out, Combined W/Laundry
- 2nd Br3.75 × 3.85 mCloset, Large Window, carpet free
- Dining2.5 × 2.3 m
- Living2.52 × 3.72 mParquet Floor
- Solarium2.52 × 3.0 mLaminate, Window Flr to Ceil
- Kitchen2.83 × 2.7 mCeramic Floor
- Bathroom1.6 × 2.4 m3 Pc Ensuite, Ceramic Floor
- Bathroom1.54 × 2.74 mCeramic Floor
- Laundry2.8 × 2.6 m
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mount Olive-Silverstone-Jamestown
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc, 1 × 3pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mount Olive Station | TTC light rail: Line 6 Finch West | 1.8 km |
| Stevenson Station | TTC light rail: Line 6 Finch West | 1.8 km |
| Rowntree Mills Station | TTC light rail: Line 6 Finch West | 2 km |
| Albion Station | TTC light rail: Line 6 Finch West | 2 km |
| Highway 7 / Kipling | YRT bus rapid transit: Viva Orange | 2.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Contains public transit Information made available under YRT's Open Data Licence.
Around it
Condo Apt in Mount Olive-Silverstone-Jamestown
Active listings only, today.
Condos for sale in Mount Olive-Silverstone-Jamestown right now
- For sale now
- 37
- Median asking price
- $489K
- New in 7 days
- 2
- Price cuts
- 19%
Middle half: $430K to $530K
10 in 28 days
7 listings
This home is asking 20% above the median, higher than three quarters of them.
See all homes in Mount Olive-Silverstone-JamestownAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- Heritage and ravineNone foundNot found on the Heritage Register
- Heritage and ravineNone foundNot in a mapped Heritage Conservation District
- Heritage and ravineNone foundNot in the mapped ravine protection area
- ZoningRAC (au67.0) (x95)Residential Apartment Commercial zone (RAC) · Chapter 15, section 15.20 of By-law 569-2013 · Exception 900.8.10(95)
- Permits1 clearedBackflow Prevention Devices (Water only) Issued November 6, 2014
- Signals nearby2 to note12 HILLSIDE RD, Official plan or zoning amendment, 440 m away · Site Plan, 590 m away
- ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- railOn recordNearest rail line: 660 m
- trailOn recordA trail on the Ontario trail network within 1 km
- permitsOn record2 building permits issued within 250 m in the last 2 years
- airportOn recordNearest airport: 7.9 km
- parcelOn recordMapped parcel: about 268,120 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
- water wellsOn record1 water-supply well recorded within 250 m It was drilled for domestic use; 2 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.1 m.
- groundwaterOn recordGroundwater recorded about 22.6 m below ground nearby The middle water level in the well records within 500 m (12 records). It changes with the season and from spot to spot.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada The nearest is L&M Precision Products Inc., 1.8 km away. Only facilities above the inventory’s reporting thresholds are listed.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 110 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (110 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Bell. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.
City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Land transfer tax on this home
- Ontario land transfer tax
- $8,255
- Toronto municipal land transfer tax
- $8,255
- Total land transfer tax
- $16,510
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $8,035
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $589,000
- $3,780
- Ontario total
- $8,255
Toronto’s municipal tax uses the same brackets at this price, so it adds another $8,255.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Venerable John Merlini Catholic SchoolToronto CDSBCatholic · grades JK–892%Grade 6 average500 m
- North Kipling Junior Middle SchoolToronto DSBPublic · grades JK–854%Grade 6 average850 m
- John D Parker Junior SchoolToronto DSBPublic · grades JK–572%Grade 3 average1.1 km
- École élémentaire Félix-LeclercConseil scolaire ViamondeFrench-language public · grades JK–694%Grade 6 average8 km
SecondaryGrade 9 math 2024–25
- North Albion Collegiate InstituteToronto DSBPublic · grades 9–1229%Grade 9 math1.4 km
- Holy Cross Catholic Academy High SchoolYork CDSBCatholic · grades 9–1270%Grade 9 math2.1 km
- Woodbridge CollegeYork Region DSBPublic · grades 9–12 · French Immersion50%Grade 9 math2.3 km
- ÉSC de l'Ascension - VaughanConseil scolaire catholique MonAvenirFrench-language Catholic · grades 9–1257%Grade 9 math4.8 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$3,552
- Mortgage$2,688
- Property tax$143
- Condo or maintenance fee$721
A planning figure, not a quote.
Land transfer tax
$16,510
$8,035 for first-time buyers; Toronto adds its own tax.
Rent, similar homes
$2,775
a month, median asking rent of 6 similar homes in Mount Olive-Silverstone-Jamestown.
Community
Who lives around it
Similar homes
You might also like
For sale nearby at a similar price.

The Keith and Françoise Real Estate TeamEXP REALTY
Want to see it this week?
Ask me anything about this home, or what fair looks like nearby.