Basement Unit 1-123 Steeles Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C12883134
About this home
Location, Location, Location! This bright, clean, and well-maintained one-bedroom walk-out basement unit is located in a quiet residential home, just one minute from TTC access, offering exceptional convenience for daily commuting. The unit features a direct, separate entrance from the ground-level front door, providing added privacy and ease of access. Fully furnished and move-in ready, this space is ideal for young professionals or students seeking a comfortable, peaceful, and practical living environment. The thoughtfully designed layout includes access to a shared kitchen and washroom, both of which are kept exceptionally clean and well organized. The home offers a calm and respectful atmosphere, making it a great fit for tenants who value cleanliness, privacy, and a quiet lifestyle-perfect for studying, working from home, or relaxing after a busy day. Situated in a safe and highly convenient neighbourhood, residents enjoy close proximity to shops, restaurants, grocery stores, and daily amenities. With public transit just steps away, commuting throughout the city is seamless and stress-free. Whether you are a student or a working professional, this walk-out basement offers outstanding comfort, privacy, and location. FEMALE TENANT ONLY!!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C12883134
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 1500-2000
- Lot
- 50 × 122.5 ft
- Cross streets
- STEELES AVE E /WILLOWDALE AVE
- Parking
- 1 garage (built-in)
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 125
- Listing brokerage
- EXP REALTY
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent leases and give you a straight answer on what it will really take.
Ask Moe if this price is fairIts public catchment (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Steeles Ave East at Walkway to Whitman St is about a 1-minute walk away.
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.
- Walk-out basement: natural light and strong in-law or income potential.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing.
- Income potential
- 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 homes124 days longer than the Toronto average (1 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Newtonbrook East, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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: Steeles Ave East at Walkway to Whitman St, about 62 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
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 $560 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3
- Property tax
- $0
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4
- Toronto municipal land transfer tax
- $4
- Estimated closing costs
- $7
Plus your down payment of $140. 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
- $179
- Principal paid down
- $71
- Interest paid
- $108
- Balance remaining
- $489
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. Listing courtesy of EXP REALTY. MLS®/PropTx.