78 Spring Garden Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13440832
About this home
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
- 4 (3 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- 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
- 40
- 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 $1,999,000, this home is about 31% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($1,142/sqft) is below the area, so you are paying for extra space rather than a premium.
In Willowdale East lately, sellers have been getting about 97% of asking and homes sell in about 34 days.
There were not many closely comparable homes right in Willowdale East, so I widened the search to the surrounding area.
Based on 40 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 40 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.80M, 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 $1.51M
- Adjusts to $1.51M
That comparable adjusts to $1.51M; the $1.52M estimate above is the median of all 40 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.
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.
Total price vs nearby homes. Fair value about $1.52M, median of 40 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.
- 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
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 15% below the area average of $1,347/sqft.
39 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 $1,599,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,534
- Property tax
- $946
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,480
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Toronto municipal land transfer tax
- $36,455
- Estimated closing costs
- $72,910
Plus your down payment of $399,800. 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
- $512,035
- Principal paid down
- $203,658
- Interest paid
- $308,377
- Balance remaining
- $1,395,542
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 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 CONDOS PLUS CORPORATION. MLS®/PropTx.