218A Holmes Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13138752
About this home
This property is situated in prestigious Willowdale community, this exceptional custom residence offers approximately 3600 sqft. of refined living space with timeless craftsmanship and meticulous upkeep throughout. Features include a spacious designer kitchen, solid wood doors for both interior and exterior, in-ceiling speakers on main & upper levels, 3 skylights, and impressive 10 ft ceilings on both main and basement levels. Enjoy a warm and elegant family room with gas fireplace and built-in shelving. The primary suite features a gas fireplace, 7 piece ensuite, and walk in closet with organizers, mirror, and skylight. The finished basement extends the living space with a recreation room complete with gas fireplace, wet bar/kitchenette, and nanny's suite with 3-piece ensuite. A bright walk-out basement and premium cedar roof further enhance this beautifully maintained home.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13138752
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 30.12 × 160.6 ft
- Cross streets
- Bayview and Finch
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Available
- Basement
- Finished with Walk-Out, Full, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Cedar
- Sewer
- Sewer
- Property tax
- $14,735 / 2025
- Days on market
- 68
- Listing brokerage
- HC REALTY GROUP INC.
Listed at $3,250,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
In Willowdale East lately, sellers have been getting about 97% of asking and homes sell in about 31 days.
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.
This home has a walk-out basement — extra light, usable space, and income potential that comparable-sales math tends to under-price. Read this estimate as a conservative floor for it; I can pull walk-out comparables to pin the number.
Based on 21 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 21 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.32M, a bit lower. The listing gives square footage as a wide range, so the size adjustment (and this estimate) is approximate; confirming exact size would sharpen it.
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 −$30K
- Adjusts to $2.39M
That comparable adjusts to $2.39M; the $2.68M estimate above is the median of all 21 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 (Earl Haig Secondary 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 $2.68M, median of 21 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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 7% below the area average of $826/sqft.
67 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 23, 2026); conventional rates run a little higher.
Mortgage amount $2,600,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $13,875
- Property tax
- $1,228
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,102
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $67,725
- Toronto municipal land transfer tax
- $70,225
- Estimated closing costs
- $137,950
Plus your down payment of $650,000. 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
- $832,474
- Principal paid down
- $331,111
- Interest paid
- $501,363
- Balance remaining
- $2,268,889
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 HC REALTY GROUP INC.. MLS®/PropTx.