108 Abitibi Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13024186
About this home
In short
- 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...
- 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...
- 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.
- 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...
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
- 5+2 (7 total)
- Bathrooms
- 8 (1 half)
- Size
- 3500-5000 sq ft
- 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
- 178
- 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. 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 $2.88M, if it sells. A realistic range is $2.70M to $3.25M.
Independent value check: $2.67M. Without looking at the asking price, our model values the home itself about 11% below the ask (homes like it typically land between $2.50M and $2.80M).
Why $2.67M. 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 $17,118 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 strongly5+2 bedrooms and 8 baths, against 4+1 and 3 typically.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Longer on the market than typical. 178 days on the market against about 39 for homes like it here, and asking 12% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.88M, from 22 recent closings in this pocket.
The market behind the math:
About 1 months of inventory: 7 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 $706/sqft against an area asking average of $777/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment. 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 $2.46M. Condition and finishes remain an in-person call.
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 22 comparable homes that sold in Newtonbrook East over the past two years, from 145 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $731/sqft; this home lists at $706/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 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 $2,399,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $13,266
- Property tax
- $1,427
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $14,692
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
- $795,935
- Principal paid down
- $293,138
- Interest paid
- $502,797
- Balance remaining
- $2,106,062
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 9 whole-home leases in Newtonbrook East signed at a median of $6,600 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,950. 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 NU STREAM REALTY (TORONTO) INC.. MLS®/PropTx.