61 Markbrook Lane #706, Toronto

Name: 61 Markbrook Lane, Unit 706
SKU: W14032958
Price: 589000 CAD
Availability: InStock

2 Bed, 2 Bath Condo in Toronto

Unit 706 at 61 Markbrook Lane

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.

2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $589 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 61 Markbrook Lane #706

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1000-1199 sq ftas stated on the listing
Parking: 2 spacesYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 2

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

61 Markbrook Lane #706 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 14, 2026For saleListedThis listingMLS® W14032958$589,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 61 Markbrook Lane #706 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 15,843 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $849,000
Average sold price: $1,083,179
Average days on market: 31
Homes sold: 9,532

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$849,000Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4977.1%On average, homes sold at or above asking.
Active listings12,730Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 17 – Jul 16, 2026: prices up.

Based on 9,532 sales from Jul 16 – Oct 14, 2026 (6,655 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 706 — 61 Markbrook Lane 2 bd · 2 ba · 1,000 sqft	$589,000asking	$589	—	—
270 Wellington Street 1 bd · 1 ba · 600 sqft
195 Redpath Avenue 1 bd · 2 ba · 500 sqft
20 Minowan Miikan Lane 2 bd · 1 ba · 700 sqft
1815 Yonge Street 2 bd · 1 ba · 700 sqft
1101 Leslie Street 2 bd · 2 ba · 1,000 sqft
155 Merchants' Wharf N/A 2 bd · 2 ba · 800 sqft

270 Wellington Street
1 bd · 1 ba · 600 sqft
195 Redpath Avenue
1 bd · 2 ba · 500 sqft
20 Minowan Miikan Lane
2 bd · 1 ba · 700 sqft
1815 Yonge Street
2 bd · 1 ba · 700 sqft
1101 Leslie Street
2 bd · 2 ba · 1,000 sqft
155 Merchants' Wharf N/A
2 bd · 2 ba · 800 sqft

More in this building

3 for sale at 61 Markbrook Lane — plus its sale and lease history.

See all of 61 Markbrook Lane

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Stevenson StationLine 61.8 km22 min walk
Mount Olive StationLine 61.8 km22 min walk
Rowntree Mills StationLine 62.0 km25 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Stevenson Station (Line 6)22 min walk
Mount Olive Station (Line 6)22 min walk
Rowntree Mills Station (Line 6)25 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Stevenson Station
1.8 km22 minClosest· Line 6
Homes near Stevenson Station
Mount Olive Station
1.8 km22 min· Line 6
Homes near Mount Olive Station
Rowntree Mills Station
2.0 km25 min· Line 6
Homes near Rowntree Mills Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 61 Markbrook Lane #706. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 61 Markbrook Lane #706

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,894; 20% down · 25 years · 5.5% assumed
Property tax: $324; 0.66% mill rate · ON
Total per month: $3,218; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,894

/mo

based on the purchase price of $589,000

Down payment20%

$117,800 cash

Amortization25 yr

$471,200 financed

Rate5.50%

$396,874 total interest

Principal54%$471,200

Interest46%$396,874

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Questions About 61 Markbrook Lane #706

How much is 61 Markbrook Lane #706 listed for?

61 Markbrook Lane #706 is listed at $589,000 (MLS® W14032958). Summitly updates the price as soon as the MLS® record changes.

Is $589,000 a good price for 61 Markbrook Lane #706?

Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 61 Markbrook Lane #706 changed?

No — 61 Markbrook Lane #706 is still listed at its original asking price of $589,000.

How many bedrooms and bathrooms does 61 Markbrook Lane #706 have?

61 Markbrook Lane #706 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.

Is 61 Markbrook Lane #706 close to transit?

The nearest rapid-transit station is Stevenson Station (Line 6), about 1.8 km (about a 22-minute walk) in a straight line. Mount Olive Station is about 1.8 km (about a 22-minute walk), and Rowntree Mills Station is about 2.0 km (about a 25-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 61 Markbrook Lane #706?

About $2,894 a month — principal and interest on $589,000 with 20% down ($117,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 61 Markbrook Lane #706 compare with other homes in Toronto?

Its asking price of $589,000 is about 31% below the median sold price in Toronto over the last 90 days, $849,000, across 9,532 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 61 Markbrook Lane #706 been sold before?

Summitly has no earlier MLS® sale or lease of 61 Markbrook Lane #706 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 61 Markbrook Lane #706?

61 Markbrook Lane #706 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 61 Markbrook Lane #706 been on the market?

61 Markbrook Lane #706 was listed today (October 14, 2026).

What is the price per square foot of 61 Markbrook Lane #706?

About $491 to $589 per square foot: the asking price of $589,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 61 Markbrook Lane #706 have parking or a garage?

Yes — the listing gives 2 parking spaces. Garage: Yes.

What you should know