207 Ellerslie Avenue, Toronto, ON
Willowdale West, Toronto · MLS® C13128410
About this home
In short
- Exceptional custom luxury home featuring 4+1 bedrooms and 7 bathrooms on a rare 50 x 300 ft lot in prestigious Willowdale West, just steps from Yonge Street.
- This masterpiece offers approximately 10-ft ceilings on the main, second, and basement levels, highlighted by a stunning 14-ft(approx.) ceiling in the office.
- The main floor features chevron-pattern hardwood flooring, a grand foyer with electrically heated tile, and an open-concept living space filled with natural light.
- The basement is enhanced with hydronic heated floors, a nanny's suite with separate entrance and ensuite bathroom, and spacious recreation areas.
- Walk out to a two-tier wooden patio overlooking a sparkling pool in an oasis-like private backyard - perfect for family gatherings and entertaining.
Exceptional custom luxury home featuring 4+1 bedrooms and 7 bathrooms on a rare 50 x 300 ft lot in prestigious Willowdale West, just steps from Yonge Street. This masterpiece offers approximately 10-ft ceilings on the main, second, and basement levels, highlighted by a stunning 14-ft(approx.) ceiling in the office. The main floor features chevron-pattern hardwood flooring, a grand foyer with electrically heated tile, and an open-concept living space filled with natural light. The chef-inspired kitchen is equipped with premium Wolf appliances, a Sub-Zero refrigerator, a striking quartz waterfall island, and fully customized cabinetry.The luxurious primary suite includes a walk-in closet with custom built-ins and a skylight, along with a spa-inspired ensuite. Each of the three additional bedrooms features its own private ensuite and built-in closet, offering exceptional comfort and privacy. The basement is enhanced with hydronic heated floors, a nanny's suite with separate entrance and ensuite bathroom, and spacious recreation areas. Walk out to a two-tier wooden patio overlooking a sparkling pool in an oasis-like private backyard - perfect for family gatherings and entertaining.Additional features include an HRV system and two separate furnace systems for optimal climate control. Conveniently located with easy access to Hwy 401, TTC transit, and nearby subway stations. Just 4 minutes to Claude Watson School for the Arts and close to top-ranked schools, parks, shopping, and urban amenities. Exceptional craftsmanship and meticulous attention to detail are evident throughout this remarkable home. The photos shown were taken before staging was removed. now the property is not staged.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13128410
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 300 ft
- Cross streets
- Yonge and Sheppard Ave west
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private Double
- Basement
- Separate Entrance, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $8,943 / 2025
- Days on market
- 120
- Listing brokerage
- BAY STREET INTEGRITY REALTY INC.
Rooms
tile floor · large window · open concept
5 pc ensuite · soaking tub · large window
4 pc ensuite · bidet
walk-up · heated floor
hardwood floor · laundry sink
hardwood floor · walk-out · fireplace
hardwood floor · 3 pc ensuite · b/i closet
hardwood floor · gas fireplace · picture window
hardwood floor · b/i appliances · centre island
hardwood floor · 3 pc ensuite · b/i closet
3 Pc Ensuite
3 pc ensuite · walk-out · double closet
hardwood floor · b/i bookcase · large window
5 pc ensuite · walk-in closet(s) · picture window
3 pc ensuite · bidet
Heated Floor
2 pc bath · b/i closet
open concept · b/i appliances · pot lights
3 pc ensuite · bidet
hardwood floor · 3 pc ensuite · b/i closet
3 pc bath · bidet
hardwood floor · bay window · overlooks pool
Listed at $3,790,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $3.53M, typically $3.21M to $3.73M. Comparable closings on their own put this home around $2.93M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
A price cut is the likelier next move. 120 days on the market against about 42 for homes like it here, and asking 7% above where comparable closings put it. That is leverage for a buyer: offer with it in mind rather than waiting for the cut, since a reduction brings new eyes with it.
Second read, from the city assessment: $1.57M. That is about 47% below the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $3.53M, median of 10 comparables.
The market behind the math:
About 1.3 months of inventory: 9 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $892/sqft against an area asking average of $763/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Willowdale West: 27 of the 154 detached leases here lately were basement units, around $1,850 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.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
How this estimate is builtthe short version
I take the 10 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 $1.57M, lower than the comparables and worth a second look.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Willowdale Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 10 comparable homes that sold in Willowdale West over the past two years, from 124 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $820/sqft; this home lists at $892/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Willowdale West, 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 $3,032,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,346
- Property tax
- $745
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,091
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $81,225
- Toronto municipal land transfer tax
- $89,125
- Estimated closing costs
- $170,350
Plus your down payment of $758,000. 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
- $980,751
- Principal paid down
- $381,601
- Interest paid
- $599,150
- Balance remaining
- $2,650,399
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 West (27 of 154 recent detached leases were basement units, around $1,850 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,850 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 12 whole-home leases in Willowdale West signed at a median of $4,612 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,152. 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 BAY STREET INTEGRITY REALTY INC.. MLS®/PropTx.