229 Florence Avenue, Toronto, ON
Lansing-Westgate, Toronto · MLS® C13445540
About this home
Absolutely STUNNING Showstopper! This custom-built residence blends timeless elegance w/ modern luxury in the highly sought-after West Lansing neighbourhood of North York. Unmatched craftsmanship & lavish materials define this extraordinary home. Boasting appx 5,500 sq ft of living space (approx. 4,100 sq ft above grade), the home feat. a striking custom stone façade w/ brick sides & rear, natural stone front steps & walkout. Fully automated sensor snow-melting system covers driveway, porch, steps & side entrance, while the insulated garage provides premium functionality. The grand foyer impresses w/ dramatic 15-ft ceilings, custom millwork, built-in pantry & office w/ built-in bookcases. The main flr offers 10-ft ceilings thruout, where living & dining rms flow effortlessly, highlighted by a gas fireplace & custom wine cellar wall. The showpiece kitchen feat. top-of-the-line Miele built-in appls, oversized natural soapstone island w/ breakfast bar, spacious pantry & seamless connection to the family rm. Floor-to-ceiling picture windows fill the home w/ natural light. Walkout to large deck perfect for outdoor entertaining. Upstairs w/ 9.5-ft ceilings, the primary suite offers a private retreat complete w/ spa-inspired ensuite feat. heated flrs, custom dressing rm, mini bar & private balcony. Three additional bedrms, each w/ ensuite/semi-ensuite, provide comfort & privacy. The finished walk-up lower level offers versatility for extended family or potential rental income, w/ fully equipped second kitchen, additional ensuite bedrm, soaring 16-ft ceilings & hydronic heated flrs thruout. Additional features incl. 4-stop walnut interior elevator serving all levels, Control4 home automation, comprehensive security system & smart home w/ six night-vision colour cameras, motion sensors & glass-break detection, central vacuum, plus indoor & outdoor speakers. 2 ACs & 2 furnaces (separate for basement) complete this exceptional residence.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13445540
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 6 (2 half)
- Size
- 3500-5000
- Lot
- 41.67 × 129 ft
- Cross streets
- W.Yonge St/S.Sheppard Ave W
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Brick
- Foundation
- Other
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,494 / 2026
- Days on market
- 32
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
6 pc ensuite · b/i bar · w/o to balcony
combined w/kitchen · built-in speakers · combined w/family
semi ensuite · pot lights · hardwood floor
b/i vanity · access to garage · walk-thru
gas fireplace · built-in speakers · w/o to deck
heated floor · combined w/rec · pot lights
3 pc ensuite · moulded ceiling · walk-in closet(s)
heated floor · 3 pc ensuite · pot lights
gas fireplace · indirect lights · b/i shelves
heated floor · w/o to yard · combined w/kitchen
semi ensuite · hardwood floor · walk-in closet(s)
b/i appliances · centre island
hardwood floor · b/i bookcase · pot lights
pantry · window · walk-thru
pot lights · hardwood floor · elevator
laundry sink · separate room
laundry sink · separate room · pantry
Listed at $3,998,000, this home is about 15% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.56M, lower than the comparables and worth a second look.
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, listed at $3.59M
- Adjusts to $3.59M
That comparable adjusts to $3.59M; the $3.48M estimate above is the median of all 9 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Cameron Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Sheppard Ave West at Senlac Rd is about a 5-minute walk away.
Total price vs nearby homes. Fair value about $3.48M, median of 9 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Elevator: rare and valuable for accessibility and resale.
- Worth verifying
- Lifestyle
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 12% above the area average of $838/sqft.
31 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Lansing-Westgate, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Sheppard Ave West at Senlac Rd, about 385 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $3,198,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17,068
- Property tax
- $708
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,776
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $86,425
- Toronto municipal land transfer tax
- $96,405
- Estimated closing costs
- $182,830
Plus your down payment of $799,600. 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
- $1,024,071
- Principal paid down
- $407,317
- Interest paid
- $616,754
- Balance remaining
- $2,791,083
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.