309 Hillcrest Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13111510
About this home
In short
- Welcome to 309 Hillcrest Ave.
- 4+2 Bedrooms, 4 Bathrooms, 2 Kitchens, and An Ideal Family Friendly Layout with Exceptional Renovation Or Remodelling Potential.
- Hardwood and Laminate Flooring Run Throughout Both The Main and Upper Levels.
- Upstairs, The Generous Primary Retreat Offers A Walk-In Closet and 4-Pc Ensuite, While The Additional Bedrooms Share A Spacious 5-Pc Bathroom.
- The Finished Walkout Basement Apartment Provides Excellent Flexibility and Income Potential, Complete With A Recreation Room, Great Room/Bedroom, Den, Kitchen, and...
Welcome to 309 Hillcrest Ave! A Bright and Spacious Custom-Built Residence On A Premium 50' X 130' South-Facing Lot (6,545 Sq. Ft.) Located On One of The Most Desirable Streets In the Heart Of Willowdale East. This Well-Designed Home Features Approximately 3,000 Sq. Ft. Above Grade! 4+2 Bedrooms, 4 Bathrooms, 2 Kitchens, and An Ideal Family Friendly Layout with Exceptional Renovation Or Remodelling Potential. A Rare Highlight Is The Two Separate Driveways with Access from Both Hillcrest Ave and Wilfred Ave.The Main Floor Showcases Expansive Living, Dining, And Family Rooms with A Walkout to A Private Patio and Family Sized Backyard. The Sun-Filled Kitchen Includes A Breakfast Area, While The Dramatic Central Skylight and Open-Riser Oak Staircase Bring Warmth and Natural Light Throughout The Home. Hardwood and Laminate Flooring Run Throughout Both The Main and Upper Levels.Upstairs, The Generous Primary Retreat Offers A Walk-In Closet and 4-Pc Ensuite, While The Additional Bedrooms Share A Spacious 5-Pc Bathroom.The Finished Walkout Basement Apartment Provides Excellent Flexibility and Income Potential, Complete With A Recreation Room, Great Room/Bedroom, Den, Kitchen, and 4-Pc Bath. Ideally Situated Just Minutes From Bayview & Sheppard, Bayview Village, TTC Subway, Hwy 401, Parks, Library, Community Centre, and Top-Ranked Schools Including Earl Haig Secondary School, Hollywood Public School, and Bayview Middle School. A Rare Opportunity To Renovate, Remodel Your Dream Home In One Of the Best Pockets of Willowdale East!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13111510
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 50 × 130.63 ft
- Cross streets
- Sheppard / Willowdale Ave
- Parking
- 2 garage · 8 parking (built-in)
- Basement
- Finished, Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $12,623 / 2025
- Days on market
- 123
- Listing brokerage
- RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Rooms
4 pc bath · fireplace · above grade window
4 pc ensuite · closet · hardwood floor
hardwood floor · closet · overlooks backyard
broadloom · track lighting · window
hardwood floor · window · open concept
ceramic floor · w/o to yard
hardwood floor · track lighting · overlooks backyard
laminate · led lighting · open concept
laminate · led lighting
laminate · led lighting · w/o to patio
5 pc bath · overlooks backyard · hardwood floor
above grade window · laminate · led lighting
hardwood floor · led lighting · open concept
hardwood floor · closet · window
Listed at $2,388,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $2.35M, typically $2.12M to $2.67M. Comparable closings on their own put this home around $2.25M, which agrees with the ask, so this is a firm read.
Second read, from the city assessment: $2.06M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $2.35M, median of 51 comparables.
The market behind the math:
About 0.9 months of inventory: 11 detached homes for sale in the area against 37 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $868/sqft against an area asking average of $876/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Willowdale East: 32 of the 231 detached leases here lately were basement units, around $2,150 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. 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
I take the 51 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), 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 $2.06M, a bit lower.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Hollywood Public School, 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.
Based on 51 comparable homes that sold in Willowdale East over the past two years, from 214 closings there.
For sale
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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 $757/sqft; this home lists at $868/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Willowdale 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 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $1,910,400 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,299
- Property tax
- $1,052
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,351
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $46,175
- Toronto municipal land transfer tax
- $46,175
- Estimated closing costs
- $92,350
Plus your down payment of $477,600. 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
- $617,951
- Principal paid down
- $240,439
- Interest paid
- $377,512
- Balance remaining
- $1,669,961
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 Willowdale East (32 of 231 recent detached leases were basement units, around $2,150 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,150 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 31 whole-home leases in Willowdale East signed at a median of $6,370 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,102. 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 RE/MAX REALTRON BIJAN BARATI REAL ESTATE. MLS®/PropTx.