49 Pheasant Road, Toronto, ON
Newtonbrook East, Toronto · MLS® C12894970
About this home
In short
- Magnificent Luxury Custom Built Home On 70' Wide Lot.
- Grand Foyer W/32' High Ceil.
- In law Apt with 2 bedrooms and 4 pcs Ensuite . EXTRAS 2 Furances, 2 A/C, Butler Pantry W/Wine Cooler.
Magnificent Luxury Custom Built Home On 70' Wide Lot! Very rare in the Neighborhood. Impressive Finishes. Grand Foyer W/32' High Ceil. Marble Floor & Unique Dome & Skylight. Solid 10' Mahogany Door. 10' ceiling on 3 floors. Gourmet kit with Granite Counter Top. 3 Accessible Balconies. Amazing Rec Room with Wet Bar in the basement. Fireplace with stone wall. In law Apt with 2 bedrooms and 4 pcs Ensuite . **EXTRAS** 2 Furances, 2 A/C, Butler Pantry W/Wine Cooler. Wine Celler W/Cedar Shelving In Basement. Direct Access To Garage. Side Entrance. Walk-out basement.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C12894970
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 7 (2 half)
- Size
- 3500-5000 sq ft
- Lot
- 70 × 99.75 ft
- Cross streets
- Willowdale/Cummer
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Apartment, Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $20,383 / 2025
- Days on market
- 211
- Listing brokerage
- T-ONE GROUP REALTY INC.,
Rooms
4 pc bath · above grade window · double closet
gas fireplace · w/o to garden · combined w/kitchen
centre island · granite counters · combined w/kitchen
wet bar · gas fireplace · 2 pc bath
3 pc ensuite · coffered ceiling(s) · w/o to balcony
3 pc ensuite · w/o to balcony · walk-in closet(s)
crown moulding · gas fireplace · halogen lighting
gas fireplace · w/o to deck · coffered ceiling(s)
4 pc ensuite · coffered ceiling(s) · walk-in closet(s)
coffered ceiling(s) · wainscoting · combined w/living
coffered ceiling(s) · 6 pc ensuite · walk-in closet(s)
b/i bookcase · separate room · hardwood floor
Listed at $3,590,000. Going by how homes in Newtonbrook East and the wider GTA have actually closed against their asking prices (about 96%, 22 local closings in 90 days), the likely sale price is near $3.45M, if it sells. A realistic range is $3.23M to $3.89M.
Independent value check: $2.89M. Without looking at the asking price, our model values the home itself about 19% below the ask (homes like it typically land between $2.71M and $3.03M).
Why $2.89M. The typical detached home sold in Newtonbrook East over the past year went for about $1.38M (86 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $20,383 a year; the typical home sold here pays about $8,800.
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises it strongly4+2 bedrooms and 7 baths, against 4+1 and 3 typically.
- ▼ Lowers itIts lot is 70 by 100 ft; the typical lot sold here is 50 by 125.
Longer on the market than typical. 211 days on the market against about 39 for homes like it here, and asking 24% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $3.45M, from 22 recent closings in this pocket.
The market behind the math:
About 1.8 months of inventory: 13 detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $845/sqft against an area asking average of $801/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Newtonbrook East: 38 of the 210 detached leases here lately were basement units, around $1,800 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.72M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($845/sqft) is in line with the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 22 comparable homes that sold in Newtonbrook East over the past two years, from 145 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $838/sqft; this home lists at $845/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Newtonbrook East: $1.25M in September 2026, down 17% from a year ago, on 69 closings in 8 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.43M | 5 |
| March 2026 | $1.40M | 11 |
| April 2026 | $2.25M | 7 |
| May 2026 | $1.38M | 15 |
| June 2026 | $1.31M | 7 |
| July 2026 | $1.30M | 7 |
| August 2026 | $1.28M | 9 |
| September 2026 | $1.25M | 8 |
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.
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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $2,872,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $15,880
- Property tax
- $1,699
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,578
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $76,225
- Toronto municipal land transfer tax
- $82,125
- Estimated closing costs
- $158,350
Plus your down payment of $718,000. 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
- $952,787
- Principal paid down
- $350,905
- Interest paid
- $601,881
- Balance remaining
- $2,521,095
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
The suite is real income here: basements rent in Newtonbrook East (38 of 210 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 15 whole-home leases in Newtonbrook East signed at a median of $6,878 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,725. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of T-ONE GROUP REALTY INC.,. MLS®/PropTx.