B-35 Spruce Street, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C13210892
About this home
In short
- Tucked away in an exclusive Cabbage town enclave, this beautifully renovated freehold executive townhome offers a rare blend of privacy, luxury, and urban convenience.
- One of only six sought-after "Spruce Lane Townhomes," this spacious 3-bedroom, 2.5-bath residence is located on a quiet private interlocked laneway, perfect for...
- The main floor features rich dark hardwood flooring, an open-concept living and dining area with gas fireplace, and a renovated chef-inspired kitchen with walkout to...
- The second level offers a bright and spacious bedroom as well as an open concept bedroom(easily be converted back to a 3rd private bedroom) and a large bathroom.
- Ideally located steps to transit, parks, Riverdale Farm, shopping, cafés, and restaurants.
Tucked away in an exclusive Cabbage town enclave, this beautifully renovated freehold executive townhome offers a rare blend of privacy, luxury, and urban convenience. One of only six sought-after "Spruce Lane Townhomes," this spacious 3-bedroom, 2.5-bath residence is located on a quiet private interlocked laneway, perfect for families and professionals alike. The main floor features rich dark hardwood flooring, an open-concept living and dining area with gas fireplace, and a renovated chef-inspired kitchen with walkout to a charming private backyard complete with a deck perfect for BBQ area and entertaining. The second level offers a bright and spacious bedroom as well as an open concept bedroom(easily be converted back to a 3rd private bedroom) and a large bathroom. The third-floor primary retreat includes a private balcony, custom built-in closets, and a spa-like ensuite with shower, soaker tub, and double sinks. Lower level features a mudroom, laundry room with extra storage, powder room, and direct access to the oversized private garage. Ideally located steps to transit, parks, Riverdale Farm, shopping, cafés, and restaurants. A true Gem in a vibrant Toronto community.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- C13210892
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- < .50 ac
- Cross streets
- Gerrard & Parliament
- Parking
- 1 garage (attached)
- Basement
- Partial Basement
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,802 / 2025
- Days on market
- 106
- Listing brokerage
- NEW ERA REAL ESTATE
Rooms
Open Concept
combined w/dining · hardwood floor
hardwood floor · combined w/dining · fireplace
separate room · w/o to deck
south view · closet
his and hers closets · ensuite bath · hardwood floor
Listed at $1,379,999 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.48M, typically $1.34M to $1.50M. Comparable closings on their own put this home around $1.72M, so the seller is asking less than the comparables suggest: either they want a quick, clean sale or something about the home is not in the comparables. Worth seeing before you offer.
Second read, from the city assessment: $1.55M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.48M, median of 5 comparables.
The market behind the math:
About 2 months of inventory: 6 townhouse homes for sale in the area against 9 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $789/sqft against an area asking average of $1,006/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 5 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 $1.55M, a close match.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- 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
The assigned public school is Sprucecourt Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
This listing did not confirm square footage, so I compared on beds, baths, and location instead of size. Confirm the size to sharpen this.
There were not many closely comparable homes right in Cabbagetown-South St. James Town, so I widened the search to the surrounding area.
Based on 3 homes sold on this street over the past two years, plus 2 nearby in Cabbagetown-South St. James Town, from 41 closings in Cabbagetown-South St. James Town.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.72M, which is where my estimate comes from.
Per square foot, these ask about $1,082/sqft; this home lists at $789/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Cabbagetown-South St. James Town, 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
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 $1,103,999 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,952
- Property tax
- $567
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,519
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,075
- Toronto municipal land transfer tax
- $24,075
- Estimated closing costs
- $48,150
Plus your down payment of $276,000. 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
- $357,107
- Principal paid down
- $138,947
- Interest paid
- $218,160
- Balance remaining
- $965,052
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 numbersThe last 5 whole-home leases in Cabbagetown-South St. James Town signed at a median of $4,720 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,035. 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 NEW ERA REAL ESTATE. MLS®/PropTx.