18 Mullet Road, Toronto, ON
Newtonbrook East, Toronto · MLS® C13222236
About this home
Exceptionally Convenient Location in North York! Bright and spacious home, ideally located inone of North York's most sought-after neighborhoods-just steps from Yonge Street and Finch Avenue. Fully renovated 2002, This home offers modern comfort, excellent functionality, and outstanding income potential. The main living area features soaring 21-foot ceilings, creating an open, airy atmosphere filled with natural light from large, strategically placed windows. The open-concept layout seamlessly connects the kitchen, dining, and living spaces, making it perfect for both everyday living and entertaining. This home offers an exceptional combination of space, brightness, and versatility. The gourmet kitchen is equipped with S/S appliances and ample cabinetry, while all bedrooms are generously sized and sunlit throughout the day. A separate entrance leads to a finished basement-ideal for an in-law suite, home office, or rental unit with strong income potential. Its prime location puts you within walking distance of Finch Subway Station, Yonge Street, top-rated schools, parks, and a wide selection of shops and restaurants. Multiple parking spaces on the property add further convenience, making this home an excellent choice for large families, investors, or professionals seeking both comfort and long-term value in the heart of in the heart of North York. Whether you're looking for a spacious family home, an income-generating investment, or a combination of both, this property truly checks all the boxes.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13222236
- Bedrooms
- 10 (7 + 3)
- Bathrooms
- 4
- Size
- 2500-3000
- Lot
- 58 × 120 ft
- Cross streets
- Yonge St. & Cummer Ave.
- Parking
- 1 garage · 10 parking (attached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,090 / 2025
- Days on market
- 46
- Listing brokerage
- REMAX YC REALTY
Rooms
hardwood floor · large window · open concept
hardwood floor · large closet · large window
ceramic floor · mirrored closet · above grade window
hardwood floor · combined w/living · large window
ceramic floor · mirrored closet · above grade window
hardwood floor · large closet · large window
hardwood floor · large closet · large window
hardwood floor · cathedral ceiling(s) · large window
hardwood floor · 5 pc ensuite · large window
hardwood floor · large closet · large window
hardwood floor · combined w/kitchen · open concept
tile floor · stainless steel appl · large window
Listed at $2,690,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 51 similar homes nearby, adjusted for size, beds, and baths.Median of 51 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.80M, 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 $2.59M
- Bedrooms +$150K
- Bathrooms −$15K
- Adjusts to $2.72M
That comparable adjusts to $2.72M; the $2.47M estimate above is the median of all 51 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 (Cummer Valley Middle 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. Cummer Ave at Yonge St is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.47M, median of 51 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.
- 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Income potential
- Value driver
- Worth verifying
This home lists 10% above the area average of $892/sqft.
45 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Newtonbrook East, 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: Cummer Ave at Yonge St, about 182 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 $2,152,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,484
- Property tax
- $841
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,325
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $53,725
- Toronto municipal land transfer tax
- $53,725
- Estimated closing costs
- $107,450
Plus your down payment of $538,000. 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
- $689,032
- Principal paid down
- $274,058
- Interest paid
- $414,975
- Balance remaining
- $1,877,942
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 REMAX YC REALTY. MLS®/PropTx.