59 Hi Mount Drive, Toronto, ON
Bayview Village, Toronto · MLS® C13166678
About this home
***Muskoka In The City***Rare opportunity to own a custom-built estate on approximately 2.265 acres, situated on a premium 3-sided ravine lot with breathtaking views of mature trees and the Don River***Gated property offering close to 8,000 sq ft of living space, combining privacy, nature, and luxury***Grand 2-storey foyer with 19-ft ceiling***Main floor features 10-ft ceilings, hardwood flooring, wrought iron railings, solid doors, and detailed wainscotting throughout***Lifetime Roof***Gourmet kitchen with granite countertops***Multiple walk-outs to 2 large decks, 4 solariums, and balcony overlooking the ravine***Well-appointed home with 3 fireplaces, media room, and exceptional finishes including intricate wood trims and mouldings***Lower level designed for entertaining, featuring wet bar, wine cellar, family spa,media room, cedar closet, and a custom-designed cigar room***5 spacious bedrooms, all with ensuite bathrooms***Private grounds include a basketball court and beautifully landscaped surroundings***Located in the highly sought-after Earl Haig Secondary School zone***Minutes to Bayview Village, subway, and all amenities***A unique offering combining Muskoka-like setting with city convenience***
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13166678
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 6 (1 half)
- Size
- 5,000 sq ft
- Lot
- 243.75 × 404.72 ft
- Cross streets
- Bayview & Sheppard
- Parking
- 3 garage (attached)
- Driveway
- Front Yard Parking
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone
- Foundation
- Unknown
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $41,045 / 2026
- Days on market
- 113
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
4 pc ensuite · hardwood floor · double closet
fireplace · cedar closet(s) · bow window
built-in speakers · broadloom · pot lights
4 pc ensuite · hardwood floor · double closet
fireplace · combined w/solarium · hardwood floor
4 pc bath · wet bar · whirlpool
hardwood floor · bay window · wainscoting
fireplace · combined w/solarium · moulded ceiling
6 pc ensuite · combined w/solarium · walk-in closet(s)
4 pc ensuite · hardwood floor · his and hers closets
b/i bookcase · wood trim · bay window
granite counters · breakfast area · b/i appliances
Listed at $8,500,000. My estimate lands at $4.03M, so the ask sits about 111% above what comparable sales suggest. A gap that wide can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look at what justifies it before you offer. Treat the figure as a starting point: tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
A price cut is the likelier next move. 113 days on the market against about 36 for homes like it here, and asking 111% 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: $7.19M. That is about 79% above 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 $4.03M, median of 21 comparables.
The market behind the math:
About 0.9 months of inventory: 6 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 $1,700/sqft against an area asking average of $934/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. Basements do rent in Bayview Village: 20 of the 136 detached leases here lately were basement units, around $2,000 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.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
How this estimate is builtthe short version
I take the 21 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 $7.19M, higher 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- 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
- 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
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Earl Haig Secondary 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.
Based on 21 comparable homes that sold in Bayview Village over the past two years, from 107 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $4.03M, which is where my estimate comes from.
Per square foot, these ask about $985/sqft; this home lists at $1,700/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Bayview Village, 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 $6,800,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $36,660
- Property tax
- $3,420
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $40,080
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $198,975
- Toronto municipal land transfer tax
- $333,975
- Estimated closing costs
- $532,950
Plus your down payment of $1,700,000. 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
- $2,199,574
- Principal paid down
- $855,833
- Interest paid
- $1,343,741
- Balance remaining
- $5,944,167
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 Bayview Village (20 of 136 recent detached leases were basement units, around $2,000 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,000 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 9 whole-home leases in Bayview Village signed at a median of $7,350 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,968. 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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.