38 Connaught Avenue, Toronto, ON
Newtonbrook West, Toronto · MLS® C12858028
About this home
Walk to Yonge st, TTC, Shops, Tim Hortons, Custom Built Luxurious Home In Highly Sought After Location! Double Entrance Door With Iron And Murano Glass, Family Size Kitchen W/Granite Counter And B/I Appliances, Crown Molding, Pot lights, Huge Hallway 2nd Floor W/Skylight, Open Riser Stairs, Marble Flooring In Foyer,4 Bedrooms Have their Own Bathrooms And W/In Closets Perfect For Big Family, Master bedroom W /6Pc Ensuite-Double Vanity, Jacuzzi Tub, Bidet And Two Closets, Huge Backyard And Deck. Separate Entrance To The Bsmt.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C12858028
- Bedrooms
- 5
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000
- Lot
- 50 × 132 ft
- Cross streets
- Yonge/Drewry/Finch
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,613 / 2026
- Days on market
- 137
- Listing brokerage
- REAL WORLD REALTY INC.
Rooms
marble floor · double doors · crown moulding
hardwood floor · overlooks backyard · w/o to deck
laminate · walk-in closet(s) · 6 pc ensuite
hardwood floor · combined w/dining · crown moulding
hardwood floor · window · crown moulding
hardwood floor · fireplace · crown moulding
3 pc ensuite · walk-up · double doors
laminate · walk-in closet(s) · 4 pc ensuite
hardwood floor · combined w/living · pot lights
laminate · walk-in closet(s) · 4 pc ensuite
hardwood floor · centre island · granite counters
laminate · walk-in closet(s) · 4 pc ensuite
Listed at $2,499,800, this home is about 24% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Newtonbrook West lately, sellers have been getting about 97% of asking and homes sell in about 32 days.
Based on 91 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 91 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.89M, 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, sold for $2.45M
- Bedrooms −$30K
- Bathrooms +$15K
- Adjusts to $2.44M
That comparable adjusts to $2.44M; the $3.28M estimate above is the median of all 91 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is R J Lang Elementary and Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Yonge Street / Connaught Avenue is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $3.28M, median of 91 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Primary suite: a key comfort and resale feature.
- Income potential
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 15% below the area average of $688/sqft.
136 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Newtonbrook West, 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: Yonge Street / Connaught Avenue, about 149 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 22, 2026); conventional rates run a little higher.
Mortgage amount $1,999,840 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,672
- Property tax
- $968
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,640
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,970
- Toronto municipal land transfer tax
- $48,970
- Estimated closing costs
- $97,940
Plus your down payment of $499,960. 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
- $640,313
- Principal paid down
- $254,680
- Interest paid
- $385,633
- Balance remaining
- $1,745,160
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 REAL WORLD REALTY INC.. MLS®/PropTx.