1802-38 Avenue Road, Toronto, ON
Annex, Toronto · MLS® C13110540
About this home
With one of the most desirable layouts and breathtaking views in the building, this beautifully renovated residence at 38 Avenue Road offers an exceptional Yorkville lifestyle. This sun-filled corner suite features two balconies that capture refreshing summer breezes and spectacular city vistas. Inside, enjoy a designer kitchen appointed with premium Miele appliances, gleaming hardwood floors, and spa-inspired bathrooms designed for total relaxation. The expansive primary retreat features a custom walk-in closet and luxurious proportions rarely found in condo living. Complete with two-car parking and access to outstanding amenities, 38 Avenue Road welcomes you with one of the most dramatic and elegant entrances in Yorkville.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13110540
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1800-1999
- Cross streets
- Avenue Rd and Bloor St W
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $3,008/mo
- Exposure
- North East
- Property tax
- $12,691 / 2025
- Days on market
- 72
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Rooms
closet · window floor to ceiling · hardwood floor
fireplace · b/i bookcase
b/i appliances · eat-in kitchen · bay window
coffered ceiling(s) · window floor to ceiling · hardwood floor
5 pc ensuite · walk-in closet(s) · w/o to balcony
Listed at $2,598,888, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Annex lately, sellers have been getting about 95% of asking and homes sell in about 36 days.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $3.22M, a bit higher. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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, listed at $2.69M
- Adjusts to $2.69M
That comparable adjusts to $2.69M; the $2.69M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Jesse Ketchum Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $2.69M, median of 5 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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 14% below the area average of $1,586/sqft.
71 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Annex, 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 22, 2026); conventional rates run a little higher.
Mortgage amount $2,079,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,095
- Property tax
- $1,058
- Condo / maintenance fees
- $3,008
- Heating
- $0
- Estimated monthly cost
- $15,160
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $51,447
- Toronto municipal land transfer tax
- $51,447
- Estimated closing costs
- $102,894
Plus your down payment of $519,778. 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
- $665,694
- Principal paid down
- $264,775
- Interest paid
- $400,919
- Balance remaining
- $1,814,335
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 KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.