316 Ellerslie Avenue, Toronto, ON
Willowdale West, Toronto · MLS® C13219082
About this home
Welcome to this beautifully Top To Bottom renovated, in the prestigious Willowdale West neighborhood. Perfectly positioned on a south-facing 35 x 144 ft lot, this home offers bright, open spaces and a thoughtfully updated design that blends elegance with everyday comfort. The main floor features an sleek stainless-steel appliances, and ample cabinetry ideal for both family living and entertaining. Sunlight fills the spacious living and dining areas through large windows, highlighting the laminate floors that flow throughout. Three well-proportioned bedrooms The fully finished basement is equally impressive, offering a bright, versatile living space with large windows and a separate entrance perfect for extended family, in-laws, or rental income potential. Here you'll find two additional bedrooms, one full bathrooms, a full kitchen, and generous open living areas. Step outside to a beautiful backyard. The south exposure ensures natural light all day, and the deep lot provides room to garden, play, or simply unwind. Located in one of North York's most sought-after communities, this property is close to schools, parks, the North York Central Library, shopping, and transit, while maintaining the tranquility of a peaceful residential street. Whether you're looking for a move-in-ready family home, a smart investment with income potential, or a rare piece of prime Willowdale land to hold and build in the future, this residence delivers it all. Don't miss the opportunity to own this bright, spacious, and impeccably updated bungalow in an unbeatable location.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13219082
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 35 × 144 ft
- Cross streets
- Sheppard/Senlac
- Parking
- 3 parking
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Other
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $4,570 / 2025
- Days on market
- 47
- Listing brokerage
- RE/MAX GOLD REALTY INC.
Rooms
Combined w/Living
Combined w/Dining
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. 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.
Ask Moe if this price is fairIts public catchment (Willowdale Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Senlac Rd at Ellerslie Ave is about a 3-minute walk away.
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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Income potential
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homes46 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Willowdale West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Senlac Rd at Ellerslie Ave, about 255 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
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 $1,188,800 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,344
- Property tax
- $381
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,725
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,195
- Toronto municipal land transfer tax
- $26,195
- Estimated closing costs
- $52,390
Plus your down payment of $297,200. 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
- $380,633
- Principal paid down
- $151,394
- Interest paid
- $229,239
- Balance remaining
- $1,037,406
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 RE/MAX GOLD REALTY INC.. MLS®/PropTx.