12 Lace Fernway Way, Toronto, ON
Don Valley Village, Toronto · MLS® C13112734
About this home
Welcome to The Fernways, one of North York's most sought-after family-friendly communities! This beautifully updated townhouse offers the perfect blend of comfort, convenience, and modern upgrades. Located steps from top-rated junior, middle, and high schools, as well as Seneca College, this home is ideal for families, students, and professionals alike. Linus Park, Peanut Plaza, No Frills, restaurants, shopping, and everyday amenities are all nearby. Public transit is easily accessible with a nearby bus stop offering direct routes to Finch Station, along with quick access to Don Mills Subway Station and Highways 401 & 404 for seamless commuting across the city. This move-in-ready home has been extensively upgraded over the years. Brand-name Magic Windows were installed in 2022 and include a transferable warranty. The main living area was stylishly renovated in 2024, creating a bright and modern living space. A brand-new HVAC system with smart thermostat was installed in 2024 for enhanced comfort and energy efficiency, along with a new washer added the same year. The kitchen was upgraded in 2022 with custom pantry cabinets and drawers, providing excellent storage and functionality. The entire home has been freshly painted and enhanced with modern pot lights throughout, adding warmth and elegance to every room. The garage also features several upgrades, including a new garage door and opener installed in 2022, durable epoxy flooring, and additional storage shelving for improved organization. The condo corporation replaced the roof shingles in 2023, offering long-term durability and peace of mind. Plenty of visitor parking is conveniently located just outside the townhouse. Monthly maintenance fees include high-speed internet, cable TV, and water, making this property an exceptional value in a highly desirable North York neighbourhood. A rare opportunity to own a beautifully upgraded home in a prime location!
Key facts
- Property type
- Condo Townhouse, 2-Storey
- MLS®
- C13112734
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1400-1599
- Cross streets
- Finch Ave E And Don Mills Rd
- Parking
- 1 garage · 2 parking (attached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Aluminum Siding
- Maintenance
- $470/mo
- Exposure
- West
- Property tax
- $3,023 / 2026
- Days on market
- 67
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
tile floor · pot lights · laundry sink
laminate · pot lights · large window
laminate · pot lights · closet
laminate · pot lights · wood trim
laminate · pot lights · wood trim
laminate · walk-out · pot lights
laminate · pot lights · closet
tile floor · pot lights · backsplash
Listed at $850,000, this home is about 8% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($567/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $618K, a bit lower.
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 $829K
- Bedrooms −$30K
- Adjusts to $799K
That comparable adjusts to $799K; the $784K estimate above is the median of all 10 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 (Don Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Finch Ave East at Trudy Rd East Side is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $784K, median of 10 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.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 3% above the area average of $548/sqft.
63 days longer than the Toronto average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Don Valley Village, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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 Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Finch Ave East at Trudy Rd East Side, about 125 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $680,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,629
- Property tax
- $252
- Condo / maintenance fees
- $470
- Heating
- $0
- Estimated monthly cost
- $4,351
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,475
- Toronto municipal land transfer tax
- $13,475
- Estimated closing costs
- $26,950
Plus your down payment of $170,000. 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
- $217,724
- Principal paid down
- $86,598
- Interest paid
- $131,126
- Balance remaining
- $593,402
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 RIGHT AT HOME REALTY. MLS®/PropTx.