Published 20 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Malvern West
Presto Modern Towns in one look.
155-165 Tapscott Rd, 235-255 McLevin Ave, 25-35 Priya Ln & 30 Liben Wy, Toronto
Built
2024
Storeys
2
Suites
232
Developer
Ambria Homes
Corporation
TSCC-3089
Walk Score
87
Free · about 45 seconds · no obligation
What is your unit at Presto Modern Towns worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Very Walkable
Transit Score
Good Transit
Bike Score
Somewhat Bikeable
Transit, nearest first
- 134ProgressTTC busSteps away
- 131NuggetTTC busSteps away
- 133NeilsonTTC bus0.5 km
- GOAgincourt GOStouffville line5.2 km
- 5Kennedy station LRT Platform stationLine 5 Eglinton8.6 km
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–6
Berner Trail Junior Public School
120 Berner Trail, Scarborough
0.5 km · ~8 min walk
Zoned for this address
MiddleGr 7–8
Dr Marion Hilliard Senior Public School
280 Washburn Way, Scarborough
0.2 km · ~3 min walk
Zoned for this address
High schoolGr 9–12
Lester B Pearson Collegiate Institute
150 Tapscott Rd, Scarborough
0.2 km · ~3 min walk
Zoned for this address
Catholic elementary
St Gabriel Lalemant Catholic Elementary School
0.8 km · ~13 min walk
Nearest, confirm zoning
Catholic elementary
Sacred Heart Catholic Elementary School
0.9 km · ~14 min walk
Nearest, confirm zoning
Catholic secondary
St. Mother Teresa Catholic Academy
1.0 km · ~16 min walk
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Laure Riese
4.6 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Presto Modern Towns actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 2 bed | 1 | too few | 10 | $2,150/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Presto Modern Towns
Do mostly owners or renters live here?
Renter-heavy building. Of 33 deals here in the last 24 months, 31 were leases and 2 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Presto Modern Towns?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Presto Modern Towns
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
Get my status certificate reviewedWatch this building
Know the moment a unit at Presto Modern Towns lists or sells.
Portals tell you a listing exists. I tell you whether it is priced right for this building, which stack it is in, and what the last comparable unit actually went for.
- New listings for sale or rent here
- What units sold for, with my read on it
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Chicken
KFC
0.3 km · ~5 min walk
Pizza
Pizza Pizza
0.3 km · ~5 min walk
Wings
The Wing Spot
0.3 km · ~5 min walk
Sushi
999 Sushi
0.3 km · ~5 min walk
Restaurant
Day's Kitchen
0.3 km · ~5 min walk
Shawarma
Flame Shawarma & Grill
0.3 km · ~5 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Tapscott Woodlot
- Major Abbas Ali Park
- Telfer Park
Nearest grocery
No Frills
0.4 km · ~6 min walk
Prices: TRREB MLS® System aggregate medians for 155-165 Tapscott Rd, 235-255 McLevin Ave, 25-35 Priya Ln & 30 Liben Wy, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Presto Modern Towns is one of the very few brand-new condo options in Malvern: 232 townhouse homes by Ambria Homes at Tapscott Road and McLevin Avenue, registered at the end of 2024. The fees are low and the asking prices sit well under what most of Toronto charges for a new two-bedroom. The questions worth asking are about a corporation that is less than two years old, not about the finishes. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Presto Modern Towns is a 232-home townhouse condominium at 155-165 Tapscott Road, 235-255 McLevin Avenue, 25-35 Priya Lane and 30 Liben Way in Malvern West, Scarborough, part of the Scarborough Bluffs, West Hill, Guildwood, Woburn, Malvern and Rouge area of Toronto. It was developed by Ambria Homes and designed by SRN Architects, with landscape architecture by STUDIO tla. It was completed in 2024 and registered on 6 December 2024 as TSCC-3089. Condos.ca records the buildings as two storeys, while UrbanToronto lists them as three-storey townhouse blocks. Condos.ca does not list fee inclusions or amenities for the corporation.
Presto Modern Towns at a glance
New construction in a neighbourhood that rarely gets it
Most of what you can buy in Malvern was built in the 1970s and 1980s: townhouse complexes from the neighbourhood’s first planned years and the Mayfair on the Green towers further along McLevin Avenue. Presto Modern Towns is the exception. It sits on the southeast corner of Tapscott and McLevin and is one of the few condominiums completed in Malvern in recent years.
Ambria Homes built it as a cluster of low townhouse blocks set along new internal streets, which is why the addresses include Priya Lane and Liben Way as well as the two main roads. UrbanToronto credits the architecture to SRN Architects, a Vaughan firm whose work includes other stacked-townhouse projects in Toronto, and the landscape to STUDIO tla.
For a buyer, newness changes the checklist. You are not looking at 40-year-old windows or a tired garage. You are looking at a corporation that has only just been handed over by the developer, a budget that the developer set, and warranty deadlines that are running now.
How many storeys, and how many homes? The sources disagree
Condos.ca records 232 homes in TSCC-3089 and describes the buildings as two storeys. UrbanToronto’s project file describes ten three-storey blocks, roughly 13.5 to 18.3 metres tall, with unit counts that add up to about 298 homes. Condos.ca also keeps a separate page for a Presto Towns Phase 1 at 165 Tapscott Road.
My reading is that the project was built in more than one phase and that this corporation covers part of it, but I could not confirm from public sources exactly which blocks belong to TSCC-3089. That matters more than it sounds. If there are two corporations, they will have separate budgets, separate reserve funds and possibly a shared-facilities agreement for roads, landscaping or services. Ask for the declaration and any shared-facilities agreement with the status certificate.
The storey count is the same kind of question. The listings I saw cluster around 700 to 799 square feet for a two-bedroom, which is consistent with a stacked or back-to-back plan where one home sits above another. Before you book a showing, ask the listing agent which level the home is on, whether it has its own entrance, and whether it includes a terrace or rooftop space.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
A young corporation: the paperwork that matters now
Under Ontario’s Condominium Act, a new corporation has to commission a performance audit of the common elements between six and ten months after registration, and it needs its first reserve fund study within its first year. For a corporation registered in December 2024, both should now exist. Ask for them. The audit is where problems with roofs, drainage, grading or building envelope are first written down, and it is the basis for warranty claims on the common elements.
Tarion warranty coverage is also on a clock. The two-year coverage for items such as water penetration through the building envelope and defects in electrical, plumbing and heating systems runs from each home’s original possession date, and for homes that closed in 2024 it ends during 2026. The seven-year major structural coverage runs longer. Warranty coverage transfers to a resale buyer for whatever term remains, so ask whether any claims are open on the home you are buying.
Finally, read the current budget closely. The first-year budget of any new condominium is prepared by the developer, and owners’ boards often find it needs adjusting once real operating costs are known. A low fee today is good news only if the reserve fund study supports it.
Tapscott and McLevin, day to day
This is a car-and-bus corner of northeast Scarborough. Malvern Town Centre, the neighbourhood’s main mall, is close by on Tapscott Road, and the plazas along Neilson and Sheppard cover groceries and services. The Rouge Valley and Rouge National Urban Park are a few minutes east by car, which is the area’s real outdoor asset, and Highway 401 is close for commuters.
Two things may change the area over the next decade. The City is reviewing a phased plan to redevelop Malvern Town Centre into residential towers with retail and a large new park, and the planned Eglinton East LRT, now being studied as Scarborough East Rapid Transit, includes a branch to Malvern Town Centre. Neither is funded to completion or has a date, so I would treat them as possible upside rather than a reason to pay more today.
Inside the complex, position matters. Homes facing Tapscott Road or McLevin Avenue take more traffic than those on the internal lanes, and ground-level homes trade privacy for a door at grade. Walk the site at rush hour and after dark before you choose between two similar listings.
What Presto Modern Towns is asking, and the fee question
When I reviewed the building, condos.ca showed 16 homes for sale and 5 for rent. Of the active listings I could see in detail, every one was a two-bedroom, and asking prices ran from $425,000 to $548,888. That is a narrow range for a complex this size, which tells me most of the homes are similar in plan and size, and that you will be competing with other sellers in the same building.
Fees on those listings ran from about $249 to $340 a month, which works out to roughly $0.40 per square foot. That is very low by Toronto standards and is typical of townhouse condominiums with no amenity building to run. Condos.ca does not list what the fee covers, so assume you pay your own utilities until the status certificate says otherwise, and confirm whether parking is owned, included or rented.
With so many similar homes listed at once, I would price any offer against the other active listings here first, then against newer stacked townhouses elsewhere in Scarborough. Floor level, exposure, outdoor space and parking will explain most of the spread. The data panel on this page shows what has actually sold.
Building specifications
| Building name | Presto Modern Towns |
| Address | 155-165 Tapscott Rd, 235-255 McLevin Ave, 25-35 Priya Ln & 30 Liben Wy, Toronto M1B 0E8 |
| Developer | Ambria Homes |
| Architect | SRN Architects Inc. (landscape: STUDIO tla) |
| Storeys | Sources conflict: two storeys per condos.ca, three-storey blocks per UrbanToronto |
| Total homes | 232 (condos.ca) |
| Building type | Townhouse condominium |
| Condo corporation | TSCC-3089 |
| Built | 2024 |
| Registered | 6 December 2024 |
| Property management | Not listed; confirm on the status certificate |
| Maintenance fees | About $249 to $340 a month on recent listings, roughly $0.40 per sq ft |
Jatin’s honest take on Presto Modern Towns
Who this building suits
First-time buyers and young families who want new construction and a ground-oriented home for well under the price of a new two-bedroom in central Toronto, and who are comfortable relying on a car. It also suits buyers moving from an older Malvern high-rise who want lower fees and a front door of their own.
What I’d want you to check
Ask for the performance audit, the first reserve fund study, the current budget, the declaration and any shared-facilities agreement with another phase. Confirm which level the home is on, what outdoor space comes with it, and how parking and lockers are held. Check whether any Tarion claims are open or the two-year window has closed on the home you are buying.
The value question
At these asking prices and fees, the monthly cost of owning here is hard to match in Toronto. The risk is not the building’s age but its youth: an untested budget and a lot of near-identical homes competing for buyers. If the audit and reserve study are clean, I think this is a sensible entry point to ownership; if fees are about to rise, price that in.
Free building report: Presto Modern Towns
Send me your email and I’ll put together a current report on Presto Modern Towns — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Presto Modern Towns — frequently asked questions
Who built Presto Modern Towns?
Ambria Homes developed the project. UrbanToronto credits SRN Architects with the architecture and STUDIO tla with the landscape design.
When was Presto Modern Towns completed?
It was completed in 2024, and the corporation, TSCC-3089, was registered on 6 December 2024.
How many homes are in TSCC-3089?
Condos.ca records 232 homes. UrbanToronto’s project file adds up to about 298 across all blocks, which suggests more than one phase, so confirm which blocks this corporation covers.
How many storeys are the buildings?
Condos.ca records two storeys and UrbanToronto lists three-storey blocks. Ask the listing agent for the floor plan and level of the specific home.
What do the maintenance fees include?
Condos.ca does not list fee inclusions. Check the status certificate and budget, and assume utilities are yours until confirmed.
Are there amenities?
No shared amenities are listed for the corporation, which helps keep fees low.
Is there still a Tarion warranty?
Coverage runs from each home’s original possession date. For 2024 closings the two-year coverage ends during 2026, while seven-year major structural coverage continues, and remaining coverage passes to a resale buyer.
Who manages the complex?
No property manager is listed on condos.ca. Ask for the manager’s name and contact with the status certificate.
How does it compare with the Mayfair on the Green towers on McLevin?
The Mayfair towers are 1991 high-rises with larger suites, more amenities and much higher fees. Presto offers new construction, a ground-oriented format and far lower monthly costs, but smaller homes.
How much is rent at Presto Modern Towns?
The median lease at Presto Modern Towns over the last 12 months was $2,150/mo, from 11 leases. Units typically leased in 22 days.
What does each unit type cost at Presto Modern Towns?
Over the last 24 months: Two-bedrooms rented for $2,150/mo. Each median uses three or more deals.
Do mostly owners or renters live at Presto Modern Towns?
Mostly renters. Of the deals here in the last 24 months, 94% were leases and 6% were sales.
Can you Airbnb a unit at Presto Modern Towns?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Presto Modern Towns had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Presto Modern Towns zoned for?
For TDSB public schools, the address is zoned for Berner Trail Junior Public School (Elementary, JK–6), Dr Marion Hilliard Senior Public School (Middle, Gr 7–8), Lester B Pearson Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Presto Modern Towns?
The nearest subway is Kennedy station LRT Platform station (Line 5 Eglinton), 8.6 km away; the nearest GO station is Agincourt GO on the Stouffville line, 5.2 km; the closest bus is the Progress (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Presto Modern Towns?
Walk Score 87, Transit Score 69 and Bike Score 30. Most daily errands can be done on foot.
What restaurants and shops are near Presto Modern Towns?
Within about a 10-minute walk: KFC (Chicken), Pizza Pizza (Pizza), The Wing Spot (Wings), 999 Sushi (Sushi), Day's Kitchen (Restaurant). The closest grocery store is No Frills, 0.4 km away.
Which parks are near Presto Modern Towns?
Tapscott Woodlot, Major Abbas Ali Park, Telfer Park are the closest green spaces.
What is my unit at Presto Modern Towns worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Presto Modern Towns lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
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.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Scarborough Bluffs, West Hill, Guildwood, Woburn, Malvern and Rouge. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Presto Modern Towns, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Scarborough Bluffs, West Hill, Guildwood, Woburn, Malvern and Rouge building guides: 10 Livonia Condos · 10 Rodda Blvd Townhouses · 100 Burrows Hall Boulevard Townhouses · 100 Wingarden Court · 1021 Midland Avenue Townhouses · 1031 Midland Avenue Townhouses
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.