188 Alfred Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13153610
About this home
***A MUST-SEE PROPERTY*** Spectacular Luxury Custom-built Masterpiece Family Home. Only 4 years Old. On a Prime 50 ft in Famous Willowdale East* 5 Brooms with 5 Ensuites, Luxury Foyer with 20 ft Ceiling, Hardwood floors, Spectacular Kitchen with Breakfast Area, Central Island, Granite Counter tops & Back splash, Stainless Steel Appliances, Pantry room with Dishwasher & Sink, Walk out to Concrete Deck with a Nine ft Ceiling Storage Under. Former Family Room with Fireplace, Elegant dining and Living Rooms.Two laundry Rooms , one second floor and one in the basement.radiant heating all first and bsmt floors.electrical heating floor in Master Ensuite. Central vacuum--additional retractable vacuum under kitchen sink.Two furnaces and two air conditioners. Speakers at the all first main floor ceiling and basement.Water sprinkler system. 2 bedrooms in basement--full size kitchen with rough-in in basement--10' ceiling bsmt. Fully landscaped back yard with mature trees*
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13153610
- Bedrooms
- 7 (5 + 2)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000
- Lot
- 50 × 113.75 ft
- Cross streets
- Sheppard and Yonge
- Parking
- 2 garage · 4 parking (built-in)
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $19,098 / 2025
- Days on market
- 63
- Listing brokerage
- ARCREALTY INC.
Rooms
porcelain floor · 4 pc bath
porcelain floor · double closet
porcelain floor · walk-out · above grade window
hardwood floor · 4 pc ensuite · closet
porcelain floor · centre island · stainless steel appl
hardwood floor · formal rm · closed fireplace
porcelain floor · walk through
hardwood floor · open concept · combined w/living
hardwood floor · 4 pc ensuite · closet
Porcelain Floor
porcelain floor · breakfast area
hardwood floor · 4 pc ensuite · closet
W/O To Deck
hardwood floor · open concept · combined w/dining
porcelain floor · 4 pc bath
hardwood floor · 7 pc ensuite · walk-in closet(s)
Listed at $3,499,000, 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 96% of asking and homes sell in about 39 days.
Based on 60 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 60 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $3.23M, a close match.
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 +$60K
- Bathrooms +$30K
- Adjusts to $2.54M
That comparable adjusts to $2.54M; the $3.19M estimate above is the median of all 60 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.
On schools, this address is zoned for Hollywood Public School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Total price vs nearby homes. Fair value about $3.19M, median of 60 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.
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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 7% above the area average of $769/sqft.
62 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 $2,799,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,938
- Property tax
- $1,592
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $16,529
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $73,950
- Toronto municipal land transfer tax
- $78,940
- Estimated closing costs
- $152,890
Plus your down payment of $699,800. 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
- $896,254
- Principal paid down
- $356,479
- Interest paid
- $539,775
- Balance remaining
- $2,442,721
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 ARCREALTY INC.. MLS®/PropTx.