23 Terrace Avenue, Toronto, ON
Willowdale West, Toronto · MLS® C13091916
About this home
This Elegant and Truly Exceptional Custom Residence with All Bells & Whistles and A Rare Blend of Luxury, Comfort, and Modern Living Exceeds Every Expectation!! This Beauty Is Situated On A Southern Sun-Filled Premium Lot & In A Convenient and Coveted Location In Willowdale West! It Features: Impeccable Modern Interior Design with Superior Craftsmanship, and a Striking Timeless Pre-Cast Exterior Facade! Sleek Custom Millwork Throughout! High Ceiling: 10 Ft(in Main), 10 Ft(2nd), 12.5 Ft Rec Rm), 14 Ft(Office), 15 Ft(Foyer), Creating an Airy & Grand Atmosphere! Premium Quality Hardwood Flooring, Elegant LED Pot Lights, Coffered Ceiling, 4 Gas Fireplaces, Custom-Crafted Designer Wall Units, Open Rising Staircase with Ambient Night Lights, Glass Railing and Skylight Above, Seamless & Functional Flowing Layout with Entry to the Living and Dining Room Featuring Gas Fireplace, Wall Sconces and Show-Stopping Decorative Wine Rack, Chef Inspired Kitchen with Exquisite Countertop & Backsplash, Top-Of-The-Line State-Of-The-Art Appliances & Walk Out to A Spacious Family Sized Deck, and a Patio and Fully Fenced Backyard. Large Open Concept Family Room with an Eye-Catching Artful Wall Unit. An Office with a Sophisticated & Refined Design! Stylish Powder Rm! Breathtaking Primary Bedroom Retreat, Luxurious Spa-Like 7-Pc Heated Floor Ensuite with Automatic Toilet, B/I Make Up Desk, and Opulent Boudoir Walk-In Closets with Skylight Above! Other 3 Bedrooms with Own Ensuite, Convenient 2nd Floor Laundry Rm! Large Mudroom with Custom Closet Organizers, Pet Wash & Effortless Direct Access to Garage, Main Flr, Basement and Side Door! Professionally Finished Walk-Out Basement Includes Above Grade Windows, Large Recreation Room, Gas Fireplace, Entertainer's Delight Exciting Wet Bar, 3-Pc Bath, Nanny Rm & 3-Pc Ensuite, 2nd Laundry. Beautifully Interlocked Driveway&Patio in Backyard!The Steps in Front of Basement Walk-Out have Snow Melting with their own Switch. ** SNOW MELTING FOR DRIVEWAY **
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13091916
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 7 (1 half)
- Size
- 3000-3500
- Lot
- 40 × 131 ft
- Cross streets
- Yonge St /Bathurst St/ Finch Ave
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Available, Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Other
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $16,356 / 2025
- Days on market
- 76
- Listing brokerage
- RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Rooms
4 pc ensuite · hardwood floor · walk-in closet(s)
7 pc ensuite · walk-in closet(s) · wet bar
hardwood floor · led lighting · open concept
gas fireplace · hardwood floor · led lighting
heated floor · gas fireplace · w/o to patio
3 pc ensuite · above grade window · heated floor
3 pc ensuite · closet organizers · led lighting
gas fireplace · b/i shelves · overlooks backyard
3 pc bath · heated floor · wet bar
w/o to deck · pantry · centre island
3 pc ensuite · walk-in closet(s) · hardwood floor
hardwood floor · b/i bookcase · glass doors
Listed at $3,198,800, this home is about 19% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Willowdale West lately, sellers have been getting about 98% of asking and homes sell in about 30 days.
Based on 93 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 93 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.80M, a close match.
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, sold for $2.10M
- Bathrooms +$30K
- Adjusts to $2.13M
That comparable adjusts to $2.13M; the $2.68M estimate above is the median of all 93 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Willowdale Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Bathurst Street at Horsham Avenue is about a 3-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $2.68M, median of 93 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.
- Walk-out basement: natural light and strong in-law or income potential.
- Heated floors: comfort and a premium-finish signal.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Income potential
- Lifestyle
- Worth verifying
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 20% above the area average of $822/sqft.
75 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Willowdale West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA 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.
Almost all errands require a car — groceries and transit are a drive away.
🚉 Nearest transit: Bathurst Street at Horsham Avenue, about 200 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 22, 2026); conventional rates run a little higher.
Mortgage amount $2,559,040 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $13,656
- Property tax
- $1,363
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,019
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $66,445
- Toronto municipal land transfer tax
- $68,433
- Estimated closing costs
- $134,878
Plus your down payment of $639,760. 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
- $819,359
- Principal paid down
- $325,894
- Interest paid
- $493,465
- Balance remaining
- $2,233,146
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 RE/MAX REALTRON BIJAN BARATI REAL ESTATE. MLS®/PropTx.