44 Massey Street, Toronto, ON

Niagara, Toronto · MLS® C13077402

$2,500,000
For Sale
Listed 168 days agoNo offer date statedSitting longer than typical
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2+1Bedrooms
2Bathrooms
0Parking
1500-2000Sq ft

About this home

In short

  • A purposeful blend of architectural history & modern housing.
  • 44 Massey St. & Rodney The Tree have been featured in several news articles & videos (please google it).
  • Steps to Trinity Bellwoods park and arguably in the coolest part of town.
  • Exceptional mechanical systems including independent HVAC units, endless water heater, radiant floor warming, exterior snow melt system & irrigation systems.

A purposeful blend of architectural history & modern housing. 44 Massey St. & Rodney The Tree have been featured in several news articles & videos (please google it). Located on one of the last small residential streets of downtown Toronto with excellent value growth potential. Tirelessly designed, built & decorated by Beurklian. Design group for multifamily or single family usage. Steps to Trinity Bellwoods park and arguably in the coolest part of town. This house emphasizes simplicity in materials, attention to detail & minimalist design to maximize the use & feel. Diligent design, computer modelling & green building practices make this home an excellent work of light, volume & space. Oversized windows, abundant skylighting & custom built doorways open the space & increase daylighting. Detailed interior design, custom built concrete sinks, Australian wall hung toilets & dual showers provide a sense of luxury & cleanliness. Exceptional mechanical systems including independent HVAC units, endless water heater, radiant floor warming, exterior snow melt system & irrigation systems. Future expansion capabilities include rough-ins for future rooftop terrace, backup generator, PV solar system, natural gas patio heaters, holiday lighting, heated exterior wet bar, etc. All furniture, plants, decorations, chattels & fixtures can be included in the price to be completely turnkey. Own a cool little spot in a cool little area, with Toronto's coolest little tree. *For Additional Property Details Click The Brochure Icon Below*

Key facts

Property type
Semi-Detached, 3-Storey
MLS®
C13077402
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
1500-2000 sq ft
Lot
15.09 × 74.08 ft
Cross streets
King St. & Strachan Ave.
Parking
0 parking
Basement
Finished, Full
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Foundation
Concrete
Roof
Green
Sewer
None
Property tax
$8,574 / 2025
Days on market
168
Listing brokerage
ICI SOURCE REAL ASSET SERVICES INC.

Rooms

KitchenMain4.30 × 3.65 m
Dining RoomMain2.75 × 4.20 m
Living RoomMain2.75 × 4.20 m
Our TakeTeam Asgarian · Broker
Worth a closer look
$1.69Mautomated estimate, from recent sales

Listed at $2,500,000, about 48% above our estimate of $1.69M (homes like it typically land between $1.59M and $1.77M). A gap this wide is more often a limit of an automated estimate than a fact about the home, so treat the figure as a starting point, not a verdict.

Longer on the market than typical. 168 days on the market, and asking 48% above where comparable closings put it.

List price
$1.59MBelow our range$2.50MAbove our range

Total price vs nearby homes. Fair value about $1.69M, learned from recent GTA sales.

The market behind the math:

168days on market so far
$4,625/moest. rent · 5 leases
2.2%gross yield on the ask
This home
Below area avgAbove area avg

Price per square foot: this home lists at $1,429/sqft against an area asking average of $846/sqft.

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 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.73M. Condition and finishes remain an in-person call.

What the listing highlights2 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Heated floors: comfort and a premium-finish signal. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit

The assigned public school is Niagara Street Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Read this with carewhy it’s an estimate, not an appraisal

There were not many closely comparable homes right in Niagara, so I widened the search to the surrounding area.

Based on 6 comparable homes that sold in Niagara over the past two years, from 11 closings there.

What sellers nearby are askingCurrently listed nearby in Niagara · asking prices
$1.32Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $1.69M, which is where my estimate comes from.

Per square foot, these ask about $1,018/sqft; this home lists at $1,429/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
2.50MThis home1.40M1.00M1.57MThis home vs active comparables

Sold price trend

Median sold price for semi-detached homes in Toronto: $1.12M in September 2026, up 2% from a year ago, on 2,409 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.

Month by month
MonthMedian soldClosings
October 2025$1.08M252
November 2025$1.03M207
December 2025$967K117
January 2026$997K100
February 2026$1.09M151
March 2026$1.18M180
April 2026$1.18M242
May 2026$1.18M282
June 2026$1.21M262
July 2026$999K237
August 2026$970K166
September 2026$1.12M213

Neighbourhood & location

Niagara, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

University
$1.75M
Annex
$2.07M
Wychwood
$1.14M
Corso Italia-Davenport
$899K
Junction Area
$1.16M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Niagara Street Junior Public School
82%
Niagara Street Junior Public SchoolPublic · Elementary · 0.4 km awayAbove the GTA average · 82% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Givins/Shaw Junior Public School · Public elementary0.5 km · 81% at standard
Charles G Fraser Junior Public School · Public elementary0.7 km · 74% at standard
Msgr Fraser College (Southwest) · Catholic secondary0.7 km
St Mary Catholic School · Catholic elementary0.7 km · 64% at standard
The Grove Community School · Public elementary1.2 km
Alexander Muir/Gladstone Ave Junior and Senior Public School · Public elementary1.3 km · 73% at standard
ALPHA Alternative Junior School · Public elementary1.3 km
Oasis Alternative Secondary School · Public secondary1.3 km
Ossington/Old Orchard Junior Public School · Public elementary1.3 km · 88% at standard
St Francis of Assisi Catholic School · Catholic elementary1.4 km · 80% at standard
City School · Public secondary1.6 km · 58% at standard
The Waterfront School · Public elementary1.6 km · 74% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$11,394/mo
$458KIncome needed
5.5×Price ÷ income
$2,629Weekly cost
$97,950Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $11,394Property tax $714Total carry $12,109

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$11,058per month

Mortgage amount $2,000,000 · 4.49% over 25 years

$500,000Down payment (20.0%)
$2,000,000Loan before insurance
$0CMHC premium
$11,773Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$11,058
Property tax
$715
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$11,773

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$48,975
Toronto municipal land transfer tax
$48,975
Estimated closing costs
$97,950

Plus your down payment of $500,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$13,384/monthPayment at the qualifying rate

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

$1,317,503Total interest paid
$3,317,503Total of all payments
Principal $2,000,000 Interest $1,317,503
YearPrincipalInterestBalance
1$44,631$88,069$1,955,369
2$46,658$86,042$1,908,711
3$48,776$83,924$1,859,934
4$50,991$81,709$1,808,943
5$53,306$79,394$1,755,637
6$55,727$76,974$1,699,910
7$58,257$74,443$1,641,654
8$60,902$71,798$1,580,752
9$63,667$69,033$1,517,085
10$66,558$66,142$1,450,527
11$69,580$63,120$1,380,947
12$72,739$59,961$1,308,208
13$76,042$56,659$1,232,167
14$79,494$53,206$1,152,672
15$83,104$49,597$1,069,569
16$86,877$45,823$982,692
17$90,821$41,879$891,871
18$94,945$37,755$796,926
19$99,256$33,444$697,670
20$103,762$28,938$593,907
21$108,474$24,226$485,434
22$113,399$19,301$372,035
23$118,548$14,152$253,487
24$123,930$8,770$129,557
25$129,557$3,143$0

At the end of your 5-year term

Total paid over the term
$663,501
Principal paid down
$244,363
Interest paid
$419,138
Balance remaining
$1,755,637

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.

Let's connect

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

Rental yield
From 5 whole-home leases in Niagara$4,625/mo
$55,500Gross annual rent
1.6%Cap rate after taxes and upkeep
$3,820 to $5,180Typical rent range

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 5 whole-home leases in Niagara signed at a median of $4,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,625. 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.

2.2%
Gross yield
− Property tax $8,574− Insurance $1,400− Vacancy & upkeep $6,105Net operating income $39,421

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ICI SOURCE REAL ASSET SERVICES INC.. MLS®/PropTx.

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