108 Abitibi Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13024186
About this home
Welcome to a Masterpiece of Modern Luxury - Never Lived In. Nestled in the heart of the prestigious Newtonbrook East, this brand-new, professionally designed custom estate offers over 6,000 sq. ft. of total living space (4,000+ above grade) on a premium 50x122 ft lot.From the moment you enter the grand foyer, you are captivated by soaring 12-foot ceilings and a dramatic open-concept layout defined by clean lines and floor-to-ceiling windows. The interior is a study in elegance, featuring bespoke waffle ceilings in the family room, designer pot lights throughout, and a stunning luxury glass wine closet that serves as a centerpiece for the formal living area.The gourmet main kitchen is a Chef's Dream, equipped with elite high-end appliances, complemented by a secondary prep kitchen and a third kitchen in the lower level. Bathed in natural light from dual oversized skylights, the home offers five massive bedrooms above grade, each serving as a private sanctuary. The walk-up lower level is an entertainer's paradise or a perfect multi-generational retreat, boasting radiant floor heating, soaring ceilings, and two additional bedrooms ideal for a nanny or in-law suite. Step outside to a quiet, serene neighborhood just moments from the vibrant Yonge & Steeles corridor, top-tier schools, and luxury amenities. Built with the highest-quality materials and unparalleled attention to detail, this brand new home offers the rare opportunity to be the first to experience the ultimate blend of luxury, comfort, and convenience.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13024186
- Bedrooms
- 7 (5 + 2)
- Bathrooms
- 8 (1 half)
- Size
- 3500-5000
- Lot
- 50 × 122.5 ft
- Cross streets
- Steeles E/Willowdale
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $17,118 / 2025
- Days on market
- 93
- Listing brokerage
- NU STREAM REALTY (TORONTO) INC.
Rooms
3 pc ensuite · heated floor · porcelain floor
window · hardwood floor · b/i bar
centre island · breakfast area · porcelain floor
fireplace · window · hardwood floor
centre island · heated floor · porcelain floor
3 pc ensuite · coffered ceiling(s) · b/i desk
3 pc ensuite · coffered ceiling(s) · b/i desk
fireplace · pot lights · hardwood floor
b/i shelves · coffered ceiling(s) · walk-in closet(s)
fireplace · heated floor · walk-out
pantry · double sink · porcelain floor
mirrored walls · led lighting · porcelain floor
3 pc ensuite · walk-in closet(s) · b/i desk
b/i shelves · coffered ceiling(s) · walk-in closet(s)
window · heated floor · porcelain floor
b/i bookcase · moulded ceiling · window
Listed at $2,999,000, and my independent estimate is about 14% above what comparable homes suggest.
In Newtonbrook East lately, sellers get about 96% of asking; homes sell in ~30 days.
Total price vs nearby homes. Fair value about $2.62M, median of 16 comparables.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 16 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $2.79M, a close match.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
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 ($706/sqft) is below 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 16 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 15% below the area average of $833/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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $2,399,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,803
- Property tax
- $1,427
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $14,230
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $61,450
- Toronto municipal land transfer tax
- $61,450
- Estimated closing costs
- $122,900
Plus your down payment of $599,800. 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
- $768,181
- Principal paid down
- $305,539
- Interest paid
- $462,643
- Balance remaining
- $2,093,661
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 NU STREAM REALTY (TORONTO) INC.. MLS®/PropTx.