261 Mckee Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13427324
About this home
Bright ^ Spacious Custom Bulit 4200sqft Hm on 52.39" *146.43' Big Lot *Close to Top Schools & Community Center *Crystal Chandeliers* The Hse Current Has 4 Separate Units: Owner Occupied Over 3300sqft Main Unit Which Has 4 Brs & 4 Wshrm Plus Partial Bsmt W/ Laundry ** 3 Other Separate Units W/Potential Over $5000 Income! Ground Flr Original Family Rm & Library Combined Together Are Now 2 Separate Units, Unit #1 Studio (3.95*4,27) W/3Pc Washroom, Sliding Dr To the Back Yard, Unit#3 current tenated 1 Br Apart W/Separate Laundry, 3Pc Wshrm; Bsmt Unit#2 , 3 Br Apt W/ Large Kitchen, Laundry & 4 Pc Wshrm** Great For Big Family Or Enjoy Lux Hse and Top Schl & At Meantime Has Extra Income!! Furnace 2023 and Ac 2015 & Roof 2013. Owned 2 Sets Of Hwt* 2 Skylights.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13427324
- Bedrooms
- 9 (4 + 5)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000
- Lot
- 52.39 × 146.43 ft
- Cross streets
- Bayview/Sheppard
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished, Apartment
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $15,919 / 2026
- Days on market
- 42
- Listing brokerage
- REAL ONE REALTY INC.
Rooms
semi ensuite · large closet · hardwood floor
broadloom · open concept · combined w/kitchen
above grade window · laminate · eat-in kitchen
b/i bookcase · panelled · french doors
combined w/dining · french doors · bow window
open concept · french doors
6 pc ensuite · b/i vanity · walk-in closet(s)
above grade window · b/i shelves
marble fireplace · pot lights · w/o to deck
4 pc ensuite · large closet · hardwood floor
greenhouse kitchen · illuminated ceiling · centre island
above grade window · closet · broadloom
semi ensuite · large closet · hardwood floor
Listed at $2,480,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Willowdale East, so I widened the search to the surrounding area.
Based on 11 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 11 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.56M, a bit higher.
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 $2.51M
- Bathrooms +$30K
- Adjusts to $2.54M
That comparable adjusts to $2.54M; the $2.20M estimate above is the median of all 11 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.
Its public catchment (Earl Haig Secondary School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $2.20M, median of 11 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 2 closest active listings nearby.
See all comparable homesThis home lists 35% below the area average of $901/sqft.
41 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Willowdale East, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,984,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,587
- Property tax
- $1,327
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,914
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,475
- Toronto municipal land transfer tax
- $48,475
- Estimated closing costs
- $96,950
Plus your down payment of $496,000. 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
- $635,242
- Principal paid down
- $252,663
- Interest paid
- $382,579
- Balance remaining
- $1,731,337
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 REAL ONE REALTY INC.. MLS®/PropTx.