78 Spring Garden Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13440832
About this home
In short
- Official Plan Designated - Mixed Use (Including Residential).
- Hardwood flooring on the main and second floors.
- Finished basement with a bedroom, 3-piece bathroom, and separate entrance to the backyard.
- Steps to Yonge & Sheppard subway stations, Sheppard Centre, and Earl Haig Secondary School.
- Property being sold "As Is, Where Is." Additional parking opportunities behind the property.
Official Plan Designated - Mixed Use (Including Residential). Beautiful property backing onto a park featuring a detached residential house and a completely separate commercial legal non-conforming office. Hardwood flooring on the main and second floors. Finished basement with a bedroom, 3-piece bathroom, and separate entrance to the backyard. Steps to Yonge & Sheppard subway stations, Sheppard Centre, and Earl Haig Secondary School. Live in, invest, or build your dream home in the future. Property being sold "As Is, Where Is." Additional parking opportunities behind the property.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- C13440832
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 50 × 123.7 ft
- Cross streets
- Yonge / Sheppard E
- Parking
- 2 parking
- Driveway
- None
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $11,349 / 2026
- Days on market
- 88
- Listing brokerage
- RE/MAX CONDOS PLUS CORPORATION
Rooms
window · hardwood floor · closet
window · ceramic floor · updated
window · hardwood floor · closet
fireplace · hardwood floor · window
window · hardwood floor · closet
above grade window · laminate
fireplace · laminate · above grade window
window · hardwood floor · separate room
Listed at $1,888,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.82M, typically $1.63M to $2.06M. Comparable closings on their own put this home around $1.67M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
A price cut is the likelier next move. 88 days on the market against about 38 for homes like it here, and asking 4% above where comparable closings put it. That is leverage for a buyer: offer with it in mind rather than waiting for the cut, since a reduction brings new eyes with it.
Second read, from the city assessment: $1.79M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.82M, median of 52 comparables.
The market behind the math:
About 0.4 months of inventory: 5 detached homes for sale in the area against 35 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,079/sqft against an area asking average of $1,269/sqft. Size and $/sqft both feed the estimate above.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- Park / green-space backing. The listing says this home backs onto or abuts a park or green space. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
How this estimate is builtthe short version
I take the 52 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.79M, a close match.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Claude Watson School for the Arts, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Based on 52 comparable homes that sold in Willowdale East over the past two years, from 212 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.67M, which is where my estimate comes from.
Per square foot, these ask about $1,269/sqft; this home lists at $1,079/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.09% via Ratehub.ca (as of September 8, 2026); conventional rates run a little higher.
Mortgage amount $1,510,400 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,143
- Property tax
- $946
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,088
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,235
- Toronto municipal land transfer tax
- $34,235
- Estimated closing costs
- $68,470
Plus your down payment of $377,600. 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
- $488,564
- Principal paid down
- $190,096
- Interest paid
- $298,469
- Balance remaining
- $1,320,304
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 49 whole-home leases in Willowdale East signed at a median of $4,032 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,437. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX CONDOS PLUS CORPORATION. MLS®/PropTx.