Condos for Sale in Malvern, Scarborough, ON

Name: HOMEH Market Pulse — Malvern, Scarborough closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Scarborough

Malvern

family-friendly diverse community-oriented

Malvern is a diverse neighbourhood in Scarborough. It offers a mix of residential options and community amenities.

Diverse community with a 60% immigrant population Average household size of 3.3 people Good school ratings with an average of 5.4 Multiple parks and playgrounds available Affordable housing options compared to city median

Day to dayLivability

5.6

Schools near listings

out of 10 · averaged over 2,585 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$560,000

6% below Scarborough 22% below Ontario

In Malvern

$560,000

In Scarborough

$594,500

In Ontario

$714,900

Median monthly rent

$2,325/mo

6% above Scarborough 7% below Ontario

In Malvern

$2,325

In Scarborough

$2,200

In Ontario

$2,500

$340

Per square foot

≈ 20.1 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

136

Median $560,000

Condos 98 · Houses 38

For rent

Median $2,325

Condos 37 · Houses 31

Recently sold

Recently leased

Market data as of 2026-10-18. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Family-friendly environment with many schools
Access to parks and recreational areas
Median home prices are below city average
Strong community with diverse cultures

Keep in mind

Higher unemployment rate at 16.7%
Limited public transit options in the area

The feel of the placeLifestyle

Daily life in Malvern is vibrant, with families enjoying local parks and schools. The community is close-knit and welcoming.

Great for first-time buyers families renters

Within the boundaryWhat's nearby

The boundary

8.9 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 8.9 km² of Malvern. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.4/10

Average rating of the 14 rated schools in this area

Elementary

Secondary

Burrows Hall Junior Public School
Public · Grades JK–6 · Toronto DSB
8.5/107.7 over 5 yrs
175th of 3,045 Ontario elementary schools
265 students · EQAO 2024-2025
St Gabriel Lalemant Catholic School
Catholic · Grades JK–8 · Toronto CDSB
7.1/10
808th of 3,045 Ontario elementary schools
130 students · EQAO 2024-2025
Sacred Heart Catholic School
Catholic · Grades JK–8 · Toronto CDSB
6.9/106.3 over 5 yrs
963rd of 3,045 Ontario elementary schools
230 students · EQAO 2024-2025
Emily Carr Public School
Public · Grades JK–8 · Toronto DSB
6.8/10
1,026th of 3,045 Ontario elementary schools
265 students · EQAO 2024-2025
Tom Longboat Junior Public School
Public · Grades JK–6 · Toronto DSB
6.8/106.4 over 5 yrs
1,026th of 3,045 Ontario elementary schools
240 students · EQAO 2024-2025
Mary Shadd Public School
Public · Grades JK–8 · Toronto DSB
5.9/106.2 over 5 yrs
1,664th of 3,045 Ontario elementary schools
365 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Malvern, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

43,467

Population (2021)

8.8 km²

Area

4,916

People per km²

39.2

Median age

$90,025

Median income

72%

Own their home

3.3

People per household

13,635

Households

Every age

Children (under 15)15.5%
Working age (15–64)68.2%
Seniors (65+)16.3%

What is built here

Detached houses25.4%
Semi-detached9.4%
Townhouses26.3%
Duplexes9%
Low-rise apartments4.8%
High-rise apartments24.5%
Other attached homes0.6%

Own or rent

72%Owners

29%Renters

Across 13,635 households

When it was built

Mostly 1961–1980

1960 or earlier5%
1961–198040%
1981–199027%
1991–200014%
2001–20056%
2006–20103%
2011–20152%
2016–20213%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

60.4%
Born outside Canada: 25.3%
Hold a degree or higher: 50%
Employment rate: 23.9%
Commute by transit: 71.4%
Commute by car: 1.9
Children per family: $81,680
Median income after tax: $99,899
Average household income: 10.9%
Living on a low income: $1,320/mo
Renters pay, per month: $1,685/mo
Owners pay, per month: $674,136
Median home value at census: 24.7%
Renters spending 30%+ of income on housing: 26.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 61 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap

HOMEH Market Pulse Condo apartments only Through September 2026 Moderate sales history

What condos in Malvern actually sell for

At least 56 condos changed hands in Malvern over the 12 months to September 2026. Half sold above $425,857 and half below, 9.1% lower than the 12 months before. A typical condo found its buyer in 35 days — 5 days quicker than a year ago.

9 of the last 12 months had at least 5 closed condos sales in Malvern. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median sold price: $426K; -9.1% year over year
Days to sell: 35; 5 days quicker
Sales closed: 56; last 12 months
Per square foot: $444; from 56 sized sales

Three years of sold prices

The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one condo here differs from the next.

$624K$509K$393K$278K

Oct ’23Oct ’24Oct ’25Sep ’26

Median sold price Middle half of sales

What buyers actually paid

$973,400

on a $1,000,000 asking price — under ask by $26,600

−10%Asking price+10%

Of the asking price: 97.3%
Sold over asking: 21.4%

From 56 sales that closed here in the last 12 months.

Rent or buy in Malvern

15.4 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$425,857

56 sales

Median rent

$2,307/mo

83 leases

Gross rental yield

6.5%

before costs

Both figures come from deals that actually closed in Malvern over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Mar 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Malvern, sales

Monthly closed sales in Malvern
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	6	$327,500	$302K – $432K	45	95.8%
Aug 2026	5	$395,000	$390K – $450K	39	98.2%
Jun 2026	6	$454,000	$394K – $504K	63	98.5%
May 2026	5	$506,000	$504K – $525K	13	97.3%
Apr 2026	7	$465,000	$416K – $496K	28	99.0%
Mar 2026	5	$410,000	$380K – $475K	30	98.2%
Feb 2026	6	$417,500	$344K – $499K	36	98.3%
Dec 2025	8	$429,000	$359K – $451K	30	94.6%
Oct 2025	8	$426,500	$359K – $451K	33	97.3%
Sep 2025	9	$450,000	$370K – $490K	32	95.9%
Aug 2025	5	$427,000	$420K – $499K	56	93.3%
Jul 2025	11	$482,500	$477K – $500K	36	96.5%
May 2025	7	$430,000	$374K – $454K	38	98.3%
Apr 2025	7	$455,000	$415K – $485K	36	95.8%
Mar 2025	11	$470,000	$454K – $508K	33	97.2%
Jan 2025	11	$490,000	$438K – $515K	48	96.5%
Dec 2024	6	$504,000	$488K – $514K	22	97.0%
Oct 2024	10	$480,000	$428K – $533K	56	98.0%
Aug 2024	8	$489,000	$454K – $525K	23	98.0%
Jul 2024	13	$545,000	$470K – $600K	37	99.0%
Jun 2024	15	$520,000	$448K – $533K	33	98.5%
May 2024	5	$555,100	$540K – $565K	22	102.7%
Apr 2024	11	$530,000	$512K – $551K	22	98.4%
Mar 2024	11	$530,000	$513K – $575K	19	100.0%
Feb 2024	6	$521,500	$486K – $535K	18	100.5%
Oct 2023	6	$483,444	$470K – $532K	17	100.0%

What people ask about Malvern

How much does a condo cost in Malvern?

Condos in Malvern sold for a median of $425,857 over the 12 months to September 2026, across at least 56 closed sales — half sold for more and half for less. That is 9.1% lower than the 12 months before it.

How long does it take to sell a condo in Malvern?

A condo in Malvern took a median of 35 days on the market over the 12 months to September 2026. Condos there closed at 97.3% of the asking price on average, with 21.4% selling over asking.

How much is rent for a condo in Malvern?

The median condo lease in Malvern closed at $2,307 a month over the 12 months to September 2026, across at least 83 leases.

Is it cheaper to rent or buy a condo in Malvern?

A condo in Malvern costs about 15.4 years of the rent on one — the median price of $425,857 against a median rent of $2,307 a month, a gross yield of 6.50%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from sales reported closed in Malvern on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.