347 Elmwood Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13124856
About this home
Welcome To This Stunning Custom-Built Residence Offering Exceptional Craftsmanship, Elegant Design, And Thoughtfully Curated Living Spaces Throughout. This Beautiful Home Showcases A Grand Foyer With Custom Millwork, Wainscoting, And A Striking Skylight Feature That Fills The Home With Natural Light.The Main Level Features Spacious Principal Rooms With Hardwood Flooring, Refined Finishes, And An Ideal Layout For Both Everyday Living And Entertaining. The Chef's Kitchen Seamlessly Connects To The Family And Dining Areas, Creating A Warm And Inviting Atmosphere.Upstairs, Generously Sized Bedrooms Offer Comfort And Privacy, Including A Luxurious Primary Retreat With A Spa-Inspired Ensuite And Ample Closet Space.The Fully Finished Lower Level Is Designed For Lifestyle And Entertainment, Featuring A Custom Home Theatre, Dedicated Gym Area, Modern Bathroom, And Versatile Recreation Space.Step Outside To A Private Backyard Oasis Complete With A Large Deck And Expansive Green Space - Perfect For Outdoor Dining, Relaxation, And Family Enjoyment.Located In A Highly Desirable Neighbourhood Close To Top Schools, Parks, And Amenities, This Exceptional Property Offers The Perfect Blend Of Luxury, Functionality, And Location
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13124856
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 57.58 × 132.08 ft
- Cross streets
- Bayview/Sheppard
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $17,163 / 2025
- Days on market
- 70
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES NANCY SAEDI
Rooms
pantry · large window · breakfast area
7 pc ensuite · walk-in closet(s) · gas fireplace
vaulted ceiling(s) · hardwood floor · b/i shelves
w/o to yard · fireplace · b/i shelves
hardwood floor · 3 pc ensuite · large closet
5 pc ensuite · walk-in closet(s) · hardwood floor
large window · wainscoting · vaulted ceiling(s)
hardwood floor · large closet · hardwood floor
Heated Floor
heated floor · 3 pc ensuite · wall sconce lighting
coffered ceiling(s) · hardwood floor · wainscoting
fireplace · wet bar
Listed at $2,880,000, this home is about 19% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Willowdale East lately, sellers have been getting about 96% of asking and homes sell in about 41 days.
Based on 89 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 89 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.85M, 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, sold for $2.45M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $2.40M
That comparable adjusts to $2.40M; the $3.56M estimate above is the median of all 89 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.
Its public catchment (Hollywood 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 $3.56M, median of 89 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. 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 7 active listings nearby.
See all comparable homesThis home lists 18% below the area average of $831/sqft.
69 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & 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.
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 $2,304,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,295
- Property tax
- $1,430
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,725
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $58,475
- Toronto municipal land transfer tax
- $58,475
- Estimated closing costs
- $116,950
Plus your down payment of $576,000. 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
- $737,700
- Principal paid down
- $293,415
- Interest paid
- $444,285
- Balance remaining
- $2,010,585
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 ROYAL LEPAGE REAL ESTATE SERVICES NANCY SAEDI. MLS®/PropTx.