42 Millgate Crescent, Toronto, ON
Bayview Village, Toronto · MLS® C12843306
About this home
An exceptional offering in the heart of prestigious Bayview Village. Situated on a premium 47.42 x 150 ft lot and surrounded by distinguished multi-million-dollar residences, this rarely available bungalow presents an extraordinary lifestyle and investment opportunity in one of North York's most coveted enclaves. Thoughtfully reconfigured from three bedrooms to an expansive two-bedroom layout, the main level showcases refined proportions, seamless flow, and hardwood flooring throughout. The fully finished walk-out lower level offers two additional bedrooms and a second kitchen, creating elegant multi-generational living potential or a discreet income opportunity. Set within the highly ranked Elkhorn PS, Bayview MS, and Earl Haig SS district, and moments to Highway 401, DVP, TTC, upscale shopping, and lush parks, this property delivers both prestige and convenience. Whether enjoyed as a refined residence, held as a strategic investment, or reimagined into a custom architectural masterpiece, this is a rare chance to secure a substantial lot in one of Toronto's most established luxury communities.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C12843306
- Bedrooms
- 4 (2 + 2)
- Bathrooms
- 4
- Size
- 1500-2000
- Lot
- 47.42 × 150 ft
- Cross streets
- Bayview/Sheppard
- Parking
- 1 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Finished, Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
- Property tax
- $11,515 / 2025
- Days on market
- 96
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
We are proud to represent this home. Our team handles every detail, the marketing, the staging, and the showings. The best way to feel what makes it special is in person, so book a private showing and I will walk you through it myself.
Highlights
- Hardwood floors
Neighbourhood & location
Bayview Village, Toronto, ON
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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 4.09% via Ratehub.ca (as of August 31, 2026); conventional rates run a little higher.
Mortgage amount $1,904,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,265
- Property tax
- $960
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,224
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $45,975
- Toronto municipal land transfer tax
- $45,975
- Estimated closing costs
- $91,950
Plus your down payment of $476,000. 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
- $615,881
- Principal paid down
- $239,633
- Interest paid
- $376,248
- Balance remaining
- $1,664,367
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listed & marketed by Team Asgarian. MLS®/PropTx.