16 Chipping Road, Toronto, ON
Banbury-Don Mills, Toronto · MLS® C13228078
About this home
Designed And Built With Uncompromising Craftsmanship, This Exceptional Custom Residence Showcases Remarkable Attention To Detail And Premium Finishes Throughout. Set On A Beautifully Landscaped Lot, The Property Is Framed By Mature Trees, Lush Gardens, Elegant Stone Walkways, And A Newly Completed Driveway That Creates Outstanding Curb Appeal. Inside, Expansive Windows Flood The Home With Natural Light, Highlighting The Rich Quarter-Sawn White Oak Flooring And Thoughtfully Designed Living Spaces. Soaring Ceilings, Radiant Heated Floors, And An Intelligently Planned Layout Provide Both Comfort And Sophistication For Everyday Living. Two Separate Laundry Rooms Add Convenience For Busy Families. At The Heart Of The Home Is A Spectacular Chef-Inspired Kitchen Featuring Top-Tier Miele Appliances, Custom Cabinetry, And Exceptional Workspace For Cooking And Entertaining. Stunning Bifold Doors Seamlessly Connect The Interior To A Beautiful Cedar Deck And Private Backyard Retreat, Creating The Perfect Setting For Indoor-Outdoor Living. The Lower Level Offers A Fully Legal Two-Bedroom Walkout Suite, Ideal For Extended Family, A Nanny, Guests, Or Valuable Rental Income Potential. This Versatile Space Provides Privacy, Comfort, And Independent Access. Ideally Located In A Highly Sought-After Neighbourhood, This Home Is Just Moments From Premier Shopping And Dining At Shops At Don Mills, As Well As The Renowned Donalda Golf & Country Club. Enjoy Easy Access To Tennis Facilities, Scenic Walking Trails, Parks, And Some Of The Area's Most Respected Schools, Making This An Exceptional Opportunity For Families Seeking Luxury, Convenience, And Lifestyle In One Remarkable Package.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13228078
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000
- Lot
- 60 × 100 ft
- Cross streets
- Lawrence Ave E/Don Mills Rd
- Parking
- 1 garage · 5 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $12,563 / 2026
- Days on market
- 50
- Listing brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Rooms
fireplace · overlooks backyard · hardwood floor
double closet · tile floor · overlooks frontyard
hardwood floor · closet organizers · large window
walk-out · hardwood floor · overlooks backyard
stainless steel appl · renovated · breakfast area
balcony · walk-in closet(s) · 5 pc ensuite
closet · overlooks backyard · hardwood floor
fireplace · window floor to ceiling · hardwood floor
hardwood floor · open concept · overlooks frontyard
Listed at $3,000,000, this home is about 29% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Banbury-Don Mills lately, sellers have been getting about 96% of asking and homes sell in about 26 days.
Based on 92 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 92 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.35M, 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 $2.02M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $2.06M
That comparable adjusts to $2.06M; the $2.33M estimate above is the median of all 92 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.
The assigned public school is Don Mills Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Chipping Road is about a 2-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $2.33M, median of 92 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Heated floors: comfort and a premium-finish signal.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Lifestyle
- Worth verifying
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 16% above the area average of $940/sqft.
49 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Banbury-Don Mills, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA 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.
Almost all errands require a car — groceries and transit are a drive away.
🚉 Nearest transit: Chipping Road, about 151 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 22, 2026); conventional rates run a little higher.
Mortgage amount $2,400,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,807
- Property tax
- $1,047
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,854
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $61,475
- Toronto municipal land transfer tax
- $61,475
- Estimated closing costs
- $122,950
Plus your down payment of $600,000. 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
- $768,437
- Principal paid down
- $305,641
- Interest paid
- $462,797
- Balance remaining
- $2,094,359
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 REALTRON BARRY COHEN HOMES INC.. MLS®/PropTx.