284 Fairlawn Avenue, Toronto, ON
Lawrence Park North, Toronto · MLS® C13076612
About this home
Exceptional Opportunity in Lawrence Park North! Presenting a detached two-bedroom, two-bathroom residence situated in the heart of Toronto. This property represents a prime canvas for customization, ideal for investors, builders, first-time purchasers, or urban professionals seeking to create their ideal home. Featuring a deep 151-foot lot, mutual drive with a single car garage, finished basement, and abundant space for renovation, expansion, or redevelopment, this home offers remarkable flexibility. Located just steps from Avenue Road, residents will benefit from immediate access to some of Toronto's premier amenities, boutique shops, dining establishments, entertainment venues, and renowned educational institutions such as John Wanless Jr. Public School and St. Philips Preschool. Do not miss the opportunity to acquire a detached residence in one of the city's most sought-after neighbourhoods. Realize the potential and craft your masterpiece. Main floor and basement fireplaces are take "as is".
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13076612
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 25.71 × 151 ft
- Cross streets
- Avenue Rd./Lawrence Ave. W
- Parking
- 1 garage (detached)
- Driveway
- Mutual
- Basement
- Full, Finished
- Heating
- Water
- A/C
- None
- Exterior
- Brick
- Foundation
- Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,152 / 2025
- Days on market
- 80
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
hardwood floor · large window · fireplace
closet · above grade window
hardwood floor · combined w/living
hardwood floor · window
hardwood floor · closet
b/i shelves · closet · pot lights
separate room · b/i shelves
walk-in closet(s) · closet · hardwood floor
Listed at $1,595,000, and my independent estimate is about 29% above what comparable homes suggest.
In Lawrence Park North lately, sellers get about 95% of asking; homes sell in ~32 days.
Total price vs nearby homes. Fair value about $1.24M, median of 15 comparables.
How this estimate is builtthe short version
I take the 15 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 $1.49M, a bit higher.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Lawrence Park Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Fairlawn Avenue is about a 4-minute walk away.
Read this with carewhy it’s an estimate, not an appraisal
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.
There were not many closely comparable homes right in Lawrence Park North, so I widened the search to the surrounding area.
Based on 15 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 homes79 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Lawrence Park North, 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 OpenStreetMap contributors.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Fairlawn Avenue, about 350 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
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 $1,276,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,809
- Property tax
- $679
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,489
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,375
- Toronto municipal land transfer tax
- $28,375
- Estimated closing costs
- $56,750
Plus your down payment of $319,000. 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
- $408,553
- Principal paid down
- $162,499
- Interest paid
- $246,054
- Balance remaining
- $1,113,501
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
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 RE/MAX WEST REALTY INC.. MLS®/PropTx.