6 Heathcote Avenue, Toronto, ON
St. Andrew-Windfields, Toronto · MLS® C12834942
About this home
Exceptional development opportunity at Bayview & York Mills, one of Toronto's most prestigious and sought-after luxury corridors. This fully assembled 33,949 sq ft (0.78 acre) corner site with approved zoning for a 6-storey, 60-unit boutique condominium designed by Zahedi Design Studio. The concept features elegant, well-proportioned suites, 81 parking spaces, and over 10,000 sq ft of indoor and outdoor amenities, combining modern sophistication with timeless architecture. Zoning approval was granted in February 2025, allowing the next developer to move directly into the Site Plan and Building Permit stages, saving years of entitlement time. Every element surrounding this address reflects luxury and convenience: top-ranked public and private schools, premier golf and tennis clubs, Bayview Village Shopping Centre, Yorkdale Mall, and quick access to Highway 401, Yonge Street, and the city's finest dining and shopping. Bayview Royale stands as one of the most exclusive and desirable opportunities in York Mills, Bridle Path, St. Andrew, and Bayview Village, offering a lifestyle this area has never seen before, perfect for discerning homeowners seeking to downsize from large estates while maintaining their standard of luxury, comfort, and privacy. This visionary project promises to attract strong demand from those who value refined design, boutique living, and the prestige of one of Toronto's most established neighbourhoods.
Key facts
- Property type
- Other, Other
- MLS®
- C12834942
- Lot
- 59.55 × 151 ft
- Cross streets
- Bayview Ave & Heathcote Ave
- Days on market
- 137
- Listing brokerage
- THE AGENCY
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairOn schools, this address is zoned for York Mills 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Bayview Ave at Heathcote Ave is about a 1-minute walk away.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
St. Andrew-Windfields, Toronto, ON
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Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Bayview Ave at Heathcote Ave, about 46 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 $14,310,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $76,366
- Property tax
- $11,180
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $87,546
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $433,675
- Toronto municipal land transfer tax
- $929,195
- Estimated closing costs
- $1,362,870
Plus your down payment of $3,577,600. 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
- $4,581,936
- Principal paid down
- $1,822,433
- Interest paid
- $2,759,504
- Balance remaining
- $12,487,967
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 THE AGENCY. MLS®/PropTx.