81 Maxome Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13005014
About this home
Location! Location! Location! Welcome to a rare offering in the highly sought-after Newtonbrook East community. Situated on an exceptional premium 50 ft x 146 ft wide and deep lot, this property is surrounded by multi-million dollar custom homes and backs onto a serene ravine, offering both privacy and natural beauty. This fully renovated, move-in ready home showcases quality upgrades throughout, including a brand new modern kitchen, new flooring, fresh paint, and a recently replaced roof (June 2022). The home features 3 spacious bedrooms filled with natural light, creating a warm and inviting living environment. The walk-out basement with a separate entrance and large above-grade windows offers incredible flexibility, complete with a laundry rough-in-perfect for an in-law suite or generating stable rental income. Enjoy a large backyard ideal for entertaining or family living, along with ample driveway parking. Located in a prime, convenient neighborhood, just steps to transit, parks, and top-ranking public, Catholic, and private schools. Minutes to Hwy 401 & 404, shopping centers, restaurants, grocery stores, medical centers, and more. A versatile property offering comfort today and exceptional future redevelopment potential in one of North York's most desirable areas.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13005014
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 50.05 × 146.35 ft
- Cross streets
- Bayview Ave / Finch Ave E
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Available
- Basement
- Partial Basement, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,797 / 2025
- Days on market
- 93
- Listing brokerage
- PROMPTON REAL ESTATE SERVICES CORP.
Rooms
laminate · large window · overlooks family
laminate · fireplace · overlooks dining
laminate · closet · large window
laminate · large window · combined w/kitchen
laminate · closet · large window
laminate · combined w/laundry
laminate · large closet · large window
laminate · large window · overlooks frontyard
Listed at $1,295,000, this home is about 15% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($996/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Newtonbrook East, so I widened the search to the surrounding area.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.62M, higher 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, listed at $900K
- Bedrooms −$30K
- Adjusts to $870K
That comparable adjusts to $870K; the $1.13M estimate above is the median of all 11 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its 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. Cummer Ave at Maxome Ave is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $1.13M, median of 11 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.
- Walk-out basement: natural light and strong in-law or income potential.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Income potential
- Worth verifying
- Value driver
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 homesThis home lists 3% above the area average of $966/sqft.
92 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
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: Cummer Ave at Maxome Ave, about 238 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 $1,036,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,528
- Property tax
- $650
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,178
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,375
- Toronto municipal land transfer tax
- $22,375
- Estimated closing costs
- $44,750
Plus your down payment of $259,000. 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
- $331,709
- Principal paid down
- $131,935
- Interest paid
- $199,774
- Balance remaining
- $904,065
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 PROMPTON REAL ESTATE SERVICES CORP.. MLS®/PropTx.