309 Lonsdale Road, Toronto, ON

Casa Loma, Toronto · MLS® C13237090

$2,999,000
For Sale
Listed 44 days ago
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4Bedrooms
4Bathrooms
2Garage · 3 parking
3000-3500Sq Ft

About this home

A Forest Hill Gem - and it checks every box! This is the one. Welcome to 309 Lonsdale Road, a masterfully renovated Forest Hill residence where refined elegance and modern family living come together. Nestled in the heart of one of Toronto's most coveted neighbourhoods this exceptional three-storey detached home offers a versatile main floor designed for both lively entertaining and relaxed everyday moments. The crown jewel is the stunning third-floor primary suite - a full floor private sanctuary featuring 14 ft ceilings, a spacious sitting area with fireplace, a spa-inspired ensuite with its own fireplace, and mahogany French doors leading to a sun-filled south-facing terrace flooded with natural light. Two generous bedrooms and a fireplace-anchored den - that converts beautifully into a third bedroom - complete the second floor. The elegance continues in the basement with its 9.5 ft ceilings, sleek modern rain shower and theatre room/additional bedroom - perfect for entertaining or hosting guests. The carriage house style double-car garage provides secure parking and ample storage, with real potential for a future garden suite or additional living space. Stroll to the Village and enjoy Forest Hill's finest cafés, boutiques, and green space, all while being steps from Toronto's top-ranked schools including BSS, UCC, and St. Michael's. A rare opportunity to own a beautifully updated home in an address that speaks for itself.

Key facts

Property type
Detached, 3-Storey
MLS®
C13237090
Bedrooms
4 (3 + 1)
Bathrooms
4 (1 half)
Size
3000-3500
Lot
24.93 × 124.11 ft
Cross streets
Spadina Rd & Lonsdale
Parking
2 garage · 3 parking (detached)
Driveway
Mutual
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Stone
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$11,279 / 2026
Days on market
44
Listing brokerage
FOREST HILL REAL ESTATE INC.

Rooms

LaundryBasement2.51 × 2.73 m

Laundry Sink

Bedroom 2Second5.18 × 4.50 m

hardwood floor · closet

Bedroom 3Second5.36 × 3.38 m

hardwood floor · closet

Family RoomMain6.25 × 4.37 m

gas fireplace · french doors · open concept

BedroomBasement4.57 × 3.96 m

hardwood floor · double closet

Dining RoomMain7.65 × 3.96 m

combined w/living · hardwood floor · crown moulding

Living RoomMain7.65 × 3.96 m

combined w/dining · hardwood floor · gas fireplace

BathroomBasement2.79 × 2.77 m

3 Pc Bath

FoyerMain1.83 × 1.83 m
RecreationBasement8.31 × 4.57 m

hardwood floor · gas fireplace · 4 pc bath

Powder RoomMain1.63 × 1.52 m
SittingSecond4.42 × 3.96 m

fireplace · hardwood floor · bay window

KitchenMain4.98 × 4.37 m

renovated · hardwood floor

Primary BedroomThird9.27 × 4.50 m

5 pc ensuite · walk-out · combined w/sitting

Moe’s TakeTeam Asgarian · Broker
Worth a personal read

This home is a bit unique, so there are not enough closely comparable homes nearby for me to trust an automatic number, and I would rather give you a real one than a wrong one. Tell me you are interested and I will pull the most comparable recent sales and send you a straight answer on price, usually the same day.

On location, this is a very walkable address with everyday errands close by. Spadina Rd at Lonsdale Rd is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

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.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
  • Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city.
  • Value driver
  • Worth verifying
Comparable listingsCurrently listed nearby in Casa Loma · asking prices
$3.43Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

241 Poplar Plains Street$3.65M231 Macpherson Avenue$2.75M177A Lyndhurst Avenue$3.90M

The 3 closest active listings nearby.

See all comparable homes
3.00MThis home3.65M2.75M3.90MThis home vs active comparables
Live market pulseActive comparables in Casa Loma · median list $3.90M
$923this home / sqft
5active listings nearby
44days on market

This home lists 35% below the area average of $1,416/sqft.

43 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Casa Loma, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

80/ 100

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: Spadina Rd at Lonsdale Rd, about 149 m away

20+ transit stops4 grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

High Park-Swansea
$4.99M
Lawrence Park South
$2.14M
Bedford Park-Nortown
$2.90M
Downsview-Roding-CFB
$1.06M
Wexford-Maryvale
$865K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Holy Rosary
89%
Holy RosaryCatholic · Elementary · 0.5 km awayHigher-rated than most nearby · 89% meet the provincial standard
Forest Hill Junior and Senior Public SchoolEQAO results not published
Forest Hill Collegiate InstituteEQAO results not published

Affordability & Mortgage

Affordability
$13,668/mo
$552KIncome needed
5.4×Price ÷ income
$3,154Weekly cost
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $13,668Property tax $940Total carry $14,608

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$12,803per month

Mortgage amount $2,399,200 · 4.14% over 25 years

$599,800Down payment (20.0%)
$2,399,200Loan before insurance
$0CMHC premium
$13,743Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$12,803
Property tax
$940
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$13,743

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$61,450
Toronto municipal land transfer tax
$61,450
Estimated closing costs
$122,900

Plus your down payment of $599,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$15,550/monthPayment at the qualifying rate

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

$1,441,706Total interest paid
$3,840,906Total of all payments
Principal $2,399,200 Interest $1,441,706
YearPrincipalInterestBalance
1$56,205$97,431$2,342,995
2$58,556$95,080$2,284,439
3$61,005$92,631$2,223,434
4$63,557$90,079$2,159,877
5$66,216$87,421$2,093,661
6$68,985$84,651$2,024,676
7$71,871$81,766$1,952,805
8$74,877$78,759$1,877,928
9$78,009$75,627$1,799,919
10$81,272$72,364$1,718,647
11$84,671$68,965$1,633,976
12$88,213$65,423$1,545,763
13$91,903$61,733$1,453,860
14$95,747$57,889$1,358,113
15$99,752$53,884$1,258,361
16$103,925$49,712$1,154,436
17$108,272$45,365$1,046,165
18$112,800$40,836$933,364
19$117,519$36,118$815,845
20$122,434$31,202$693,411
21$127,556$26,081$565,856
22$132,891$20,745$432,965
23$138,450$15,187$294,515
24$144,241$9,395$150,274
25$150,274$3,362$0

At the end of your 5-year term

Total paid over the term
$768,181
Principal paid down
$305,539
Interest paid
$462,643
Balance remaining
$2,093,661

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.

Let's connect

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

Rental yield
Estimate$6,300/mo
$75,600Gross annual rent
1.8%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

2.5%
Gross yield
− Property tax $11,279− Insurance $1,400− Vacancy & upkeep $8,316Net operating income $54,605

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FOREST HILL REAL ESTATE INC.. MLS®/PropTx.

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