Mayfair on the Green III, 430 McLevin Ave: Lowest Fees in the Cluster

Mayfair on the Green III at 430 McLevin Avenue is the tower in the Korank cluster where the fees catch my eye. Suites listed here when I checked carried fees roughly half of what similar listings next door were paying, and the building trades at a higher price per square foot as a result. A lower fee is good news only if you understand why it is low. I’m Jatin Dua, RE/MAX Quantum Realty.

The biggest of the first three towers

Korank Properties built the Mayfair on the Green towers on McLevin Avenue at 400, 410, 430 and 480. At 282 suites over 18 storeys, number 430 is the largest of the first three; its neighbours at 400 and 410 each have 222 suites over 19 storeys.

More suites means more owners sharing the cost of the roof, the pool, the elevators and the garage. That is one possible reason the fees here are lower, though it would not explain a gap this large on its own.

Size also shapes daily life. A 282-suite building has more people per elevator and more traffic through the lobby and garage than its smaller neighbours. Ask how many elevators serve the tower and how move-ins are booked, and spend a few minutes in the lobby at the morning rush before you commit.

The building goes by more than one name. Condos.ca calls it Mayfair on the Green III, while REW lists it as Mayfair by the Green. Both point to the same address, but search both names when you look for past listings and documents.

A separate corporation with its own history

Number 430 is MTCC-996, registered in November 1991, the last of the three to register. Condos.ca lists General Property Management as the manager, while 400 and 410 have different managers. Each tower has its own board, budget and reserve fund.

Sources disagree on the build year. Condos.ca says 1991 and REW says 1990. The registration date suggests construction finished around the turn of 1990 and 1991, and either way the building is now past 30 years old.

That age is when big systems come due: windows and balcony doors, elevators, the garage membrane, the pool’s mechanical plant and the central heating and cooling equipment. The question for any buyer is whether those are already done, funded or still ahead.

Layouts: a slightly larger minimum

Condos.ca records suites at 430 McLevin from about 805 to 1,263 square feet. The smallest plan is larger than the smallest at 400 or 410, so this is a building of one-plus-dens and two-bedrooms rather than compact one-bedrooms.

A one-plus-den in the 900 to 1,000 square foot range is a generous suite by today’s standards, and the den in buildings of this period is often big enough to work as a home office or a small bedroom. Two-bedrooms are the most common plan.

Condition varies widely after three decades. Look past staging to the kitchen, bathrooms, windows and electrical panel, and budget for updates where they are needed. I could not confirm ceiling heights or locker arrangements from published sources.

Parking is in the fee and there is an underground garage, but confirm whether the suite you want comes with an owned space, an assigned space or none. In a building where most owners drive, a suite without parking is a harder resale, and that should show up in the price you offer.

Life on McLevin Avenue in Malvern

Malvern grew from farmland assembled in the late 1950s for a planned community of affordable homes, and its first residents moved in during 1972. It is a settled, family-heavy part of northeast Scarborough, close to the Rouge Valley and the Toronto Zoo.

The local mall, Malvern Town Centre, has plans for redevelopment into residential towers and green space with a large public park. On transit, the City decided in 2023 to plan the Eglinton East LRT to Malvern, and Metrolinx has studied a Sheppard subway extension east through the southern part of the neighbourhood. These are long-range plans, so do not pay today for something that may be a decade away.

Day to day, errands are a drive or a bus ride to the plazas and the mall.

Pricing and the fee gap

Condos.ca puts the building average at about $511 per square foot, the highest of the first three Mayfair towers. Mayfair I averages about $467 and Mayfair II about $444.

When I checked, three suites were for sale, asking between $489,000 and $529,900. Fees on those listings ran from about $518 to $631 a month, compared with roughly $912 to $1,064 on listings at 410 and about $1,030 to $1,056 at 400. Buyers pay more per foot here partly because the monthly cost of owning is lower.

Before you treat that as a bargain, find out why the fee is lower. It could reflect the larger owner base, different staffing, energy contracts or past decisions on reserve contributions. If the reserve fund is healthy, the low fee is a genuine advantage; if it is underfunded, the bill may arrive later as a fee jump or a special assessment. For aggregate sold figures, see my building sold report.

Building specifications

Amenities at Mayfair on the Green III

Condos.ca lists an indoor pool, gym, tennis court, meeting room and a security guard; REW also lists a sauna. It is the same full suburban package as the neighbouring towers, at a lower monthly fee.

Jatin’s honest take on Mayfair on the Green III

Mayfair on the Green III — frequently asked questions

Looking at Scarborough Bluffs, West Hill, Guildwood, Woburn, Malvern and Rouge more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.