Updated: April 20025  |  bremo.io financial guides

Malvern Scarborough Real Estate Guide 20025

About Malvern

Malvern is a large, diverse community in northeastern Scarborough, bounded roughly by Sheppard Avenue East to the north, Markham Road to the west, Steeles Avenue to the north, and Morningside Avenue to the east. The neighbourhood was developed primarily in the 19700s and 19800s as affordable suburban housing and has evolved into one of Toronto's most culturally diverse communities, with large Tamil, Caribbean, South Asian, and West African populations.

Malvern Community Recreation Centre provides significant civic programming, and the neighbourhood has multiple places of worship, cultural organizations, and community support services reflecting its diverse population.

Real Estate Prices

Malvern represents some of the most affordable ownership opportunities within the City of Toronto. Townhomes — which make up a large portion of the housing stock — range from $5500K to $80000K. Detached homes, more common in the north part of the neighbourhood, range from $7500K to $1.1M. These prices attract first-time buyers and investors seeking cash-flow-positive rental properties within Toronto city limits.

Land Transfer Tax

Malvern is within City of Toronto — both Ontario and Toronto Municipal LTT apply. On a $70000K purchase, combined LTT is approximately $12,975. First-time buyers receive up to $8,475 combined rebate — this rebate covers a very high proportion of LTT costs at Malvern price points, making the effective LTT burden quite low for first-time buyers here.

Morningside Park

Morningside Park — a large natural park along the Highland Creek ravine system — borders the neighbourhood to the east. The park provides hiking trails, natural areas, and green space access that is unusual in density for suburban Scarborough.

Community Strengths

Malvern's community strength comes from its cultural diversity and tight-knit neighbourhood organizations. The Malvern Family Resource Centre and Malvern Community Recreation Centre are well-used civic anchors. For buyers seeking community belonging and cultural diversity, Malvern offers authentic representation of Toronto's multicultural character.

Buying Cost Summary

Free Banking for Toronto Home Buyers

KOHO offers free banking with no monthly fees. Use code 45ET55JSYA for a bonus when you sign up.

Open KOHO Free — No Fees — Code 45ET55JSYA