178 Blythwood Road, Toronto, ON
Lawrence Park South, Toronto · MLS® C12629186
About this home
Exceptional opportunity to secure a prime 70 by 200 foot lot in prestigious Lawrence Park South. This property comes with unanimous Committee of Adjustment approval for a spectacular luxury residence offering approximately 7,842 square feet of total living space, including a 5,234 square foot above grade plan and a 2,608 square foot walkout lower level. The approved exterior footprint and front elevation are in place, giving buyers a head start on the building process. Should you prefer a smaller home on the property, the house can easily be scaled back to accommodate your families needs.The listing is strictly for the land. Construction of the home is at the buyer's expense.Our preferred builder for this site is Andon Fine Homes, one of Toronto's most respected names in luxury residential construction. Their homes in Forest Hill, Lytton Park, and Lawrence Park have become quiet neighbourhood landmarks, known for impeccable craftsmanship, refined architecture, and a level of detail that tends to make guests whisper wow under their breath. Buyers have the rare opportunity to collaborate directly with Andon to create a fully customized interior within the approved exterior design. It is a chance to shape a true Andon home exactly to your preferences.Set in an architecturally significant, family friendly neighbourhood, the property backs onto a ravine with mature trees and a calm, private setting while still offering easy access to the conveniences of Yonge Street. Nearby top rated schools include John Wanless Jr PS, Lawrence Park Collegiate, Havergal, Crescent, and Toronto French School. Fine dining, boutique shopping, and quick routes to downtown or Highway 401 complete the location's appeal.A rare offering in one of Toronto's most desirable neighbourhoods. Work with Andon's experienced team to create a bespoke estate that truly fits the setting.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C12629186
- Bedrooms
- 5
- Bathrooms
- 5
- Size
- 5,000 sq ft
- Lot
- 70 × 200 ft
- Cross streets
- Mt Pleasant/Blythwood
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Other
- Basement
- Other
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $15,934 / 2025
- Days on market
- 217
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Listed at $3,800,000, this home is about 31% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Lawrence Park South, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $3.30M, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $6.40M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $6.35M
That comparable adjusts to $6.35M; the $5.52M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On schools, this address is zoned for Lawrence Park Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, this is a very walkable address with everyday errands close by. Mt Pleasant Rd at Blythwood Rd is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $5.52M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homes216 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Lawrence Park South, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Mt Pleasant Rd at Blythwood Rd, about 72 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $3,040,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,223
- Property tax
- $1,328
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,550
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $81,475
- Toronto municipal land transfer tax
- $89,475
- Estimated closing costs
- $170,950
Plus your down payment of $760,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $973,354
- Principal paid down
- $387,145
- Interest paid
- $586,209
- Balance remaining
- $2,652,855
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS®/PropTx.