514-225 Davenport Road, Toronto, ON
Annex, Toronto · MLS® C13143634
About this home
Suite 514 is not a renovated condominium. It is a fully reimagined residence in a rare L-shaped building with unobstructed views on both sides: Ramsden Park and tree canopy to the north, the greenery and gardens of Yorkville to the south, light shifting across the home all day and sunsets reflecting off the surrounding facades. Yes, the street-level retail at 225 Davenport is dated, but independent from the residences above with a sweeping rooftop terrace offering BBQs, dining, lounge seating, and skyline views. Taken back to the concrete and rebuilt from the ground up, every sightline, material, and lighting moment has been intentionally resolved, reminiscent of a refined Parisian or New York residence. A rare wood-burning fireplace, finished in wine-coloured zellige tile, anchors the living space with warmth rarely found in apartment living. The kitchen centres a Calacatta Viola stone island and bespoke bar, integrated into the living environment rather than set apart. Carbon-stained oak millwork wraps the foyer, concealing doors so the bedroom wing disappears into the panelling. The original solariums were removed so the home now opens fully to light and breeze rather than seasonal enclosure. The primary suite unfolds as a sequence of spaces rather than a single bathroom, with a Calacatta Viola dressing and vanity area open to north light, and a separately enclosed shower and water closet. The second bedroom has its own Carrara marble ensuite with soaking tub. A third bedroom or den offers flexible guest, office, or family use. Walk down Hazelton Avenue into Yorkville, with city bikes at the corner, Eataly, Summerhill Market, Loblaws City Market, and Whole Foods nearby, and Rosedale and Bay subway stations each under a 10-minute walk. The pet-friendly building runs 24-hour concierge and weekday maintenance staff, with dedicated visitor parking. Maintenance fees are all-inclusive of heat, hydro, and water. See the Multimedia section for the complete experience!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13143634
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1800-1999
- Cross streets
- Davenport Rd & Avenue Rd
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $2,738/mo
- Exposure
- North South
- Property tax
- $6,184 / 2025
- Days on market
- 59
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Rooms
hardwood floor · centre island · overlooks living
hardwood floor · closet · b/i desk
hardwood floor · large window · overlooks living
3 pc ensuite · hardwood floor · b/i closet
semi ensuite · b/i desk · b/i closet
hardwood floor · fireplace · b/i bar
Listed at $2,095,000, this home is about 20% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.52M, lower than the comparables and worth a second look.
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 $2.50M
- Bathrooms −$15K
- Adjusts to $2.48M
That comparable adjusts to $2.48M; the $2.61M estimate above is the median of all 8 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 (Jesse Ketchum Junior and Senior Public 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. Avenue Rd at Davenport Rd is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.61M, median of 8 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.
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 32% below the area average of $1,618/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Annex, 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: Avenue Rd at Davenport Rd, about 48 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
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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,676,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,944
- Property tax
- $515
- Condo / maintenance fees
- $2,738
- Heating
- $0
- Estimated monthly cost
- $12,197
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $38,850
- Toronto municipal land transfer tax
- $38,850
- Estimated closing costs
- $77,700
Plus your down payment of $419,000. 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
- $536,625
- Principal paid down
- $213,439
- Interest paid
- $323,186
- Balance remaining
- $1,462,561
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 HEAPS ESTRIN TEAM. MLS®/PropTx.