1507-40 Godstone Road, Toronto, ON
Don Valley Village, Toronto · MLS® C13249940
About this home
Welcome to Suite 1507 at 40 Godstone Road. A beautifully renovated, oversized one-bedroom residence offering exceptional space, value and natural light in a convenient north-Toronto location; overlooking peaceful green space and steps to Fairview mall. This bright and inviting suite offers comfort, convenience and functionality with generous room proportions and expansive views. The renovated eat-in kitchen offers excellent storage, great counter space, and modern appliances. A separate dining area adds versatility for entertaining, while the expansive living room (approx. 12' x17') provides rare scale for a one-bedroom condo, comfortably fitting full-sized furniture with ease; and ample room for a home-office with media storage. The bedroom is generously sized with a walk-in closet offering excellent storage, and the renovated bathroom features fresh, contemporary finishes for a fully move-in-ready experience. A true highlight is the oversized private balcony (approx. 20' x 6'), extending the living space outdoors. With open treed views and tranquil park outlooks, it offers a quiet retreat for morning coffee or evening relaxation. Ideally situated in a well-established and highly convenient neighbourhood, the building is nestled in a nice neighbourhood nearby parkland and schools, creating a calm residential setting while remaining close to city amenities. Just minutes to CF Fairview Mall, enjoy a wide range of shopping, dining, and amenities steps away. Commuters benefit from quick access to the Don Valley Parkway and Highway 401, along with nearby transit connections across the city. This suite delivers impressive space, thoughtful upgrades, and outstanding location value. Bright, clean, functional, and move-in ready, it combines excellent comfort with in a highly connected Toronto community.
Key facts
- Property type
- Other, Apartment
- MLS®
- C13249940
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700 sq ft
- Cross streets
- Don Mills & Sheppard; Steps to Cadillac Fairview Mall
- Parking
- 1 garage (built-in)
- Basement
- None
- Heating
- Radiant
- A/C
- None, Other, Wall Unit(s), Window Unit(s)
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Days on market
- 47
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
walk-in closet(s) · picture window · wood
eat-in kitchen · double sink · laminate
4 pc bath · b/i vanity · tile floor
open concept · overlook patio · w/o to balcony
open concept · separate room · wood
wood · closet · 4 pc bath
Listed at $1,900/mo, this rental is about 15% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.
In Don Valley Village lately, landlords have been getting about 98% of asking and homes lease in about 31 days.
Based on 50 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 50 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
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, leased for $1,450/mo
- Adjusts to $1,450/mo
That comparable adjusts to $1,450/mo; the $2,240/mo estimate above is the median of all 50 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
Total price vs nearby homes. Fair value about $2,240/mo, median of 50 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Don Valley Village, Toronto, ON
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) →
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,520 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8
- Property tax
- $1
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10
- Toronto municipal land transfer tax
- $10
- Estimated closing costs
- $19
Plus your down payment of $380. 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
- $487
- Principal paid down
- $194
- Interest paid
- $293
- Balance remaining
- $1,326
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.