59 Otonabee Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13452324
About this home
Welcome to Willowdale living at its finest. Cherished and impeccably maintained by the same owner for over 50 years, this charming, solid brick detached bungalow exudes true pride of ownership. Freshly painted throughout and sitting on a generous lot with a massive backyard, this clean and bright property is the perfect canvas for builders, investors, or end-users looking to create their dream home on a rapidly redeveloping, high-demand street surrounded by multi-million dollar custom builds.The main level features a large eat-in kitchen, a bright and spacious living/dining room, and three well-appointed bedrooms. A lovely, sun-filled enclosed front porch greets you upon arrival, offering the perfect space for a cozy sunroom, a functional mudroom, or a peaceful morning coffee spot. Downstairs, a highly desirable separate entrance leads to a versatile basement living area with incredible potential for an in-law suite or rental income, complete with a full kitchen and 4-piece bathroom. Nestled in a fast-evolving, premier North York neighborhood, this home offers an unbeatable lifestyle of absolute convenience. It is just a short walk to top-rated schools, beautiful local parks, and TTC transit with quick, direct access to Finch Station. You are also just minutes from the vibrant Yonge and Steeles corridor, which is home to Centerpoint Mall, 24-hour grocers like Khorak Supermarket, and an endless array of world-class dining options. Whether you choose to move right in, renovate to your taste, or build a brand-new custom masterpiece, this rare and cherished Willowdale property is the one you do not want to miss.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13452324
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 40 × 122 ft
- Cross streets
- Yonge St & Steeles Ave
- Parking
- 1 garage · 4 parking (detached)
- Basement
- Development Potential, Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,781 / 2026
- Days on market
- 31
- Listing brokerage
- ROYAL LEPAGE CITIZEN REALTY
Rooms
ceramic floor · combined w/kitchen · window
hardwood floor · picture window · combined w/dining
hardwood floor · combined w/living
concrete floor · brick fireplace · above grade window
Enclosed
4 pc bath · ceramic floor · window
4 pc bath · ceramic floor · above grade window
ceramic floor · above grade window
ceramic floor · above grade window · enclosed
hardwood floor · closet
ceramic floor · ceramic backsplash · eat-in kitchen
hardwood floor · double closet
Concrete Floor
hardwood floor · double closet
Listed at $1,198,888, this home is about 4% 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 ($922/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Newtonbrook East, so I widened the search to the surrounding area.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.61M, higher 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 $1.20M
- Adjusts to $1.20M
That comparable adjusts to $1.20M; the $1.16M estimate above is the median of all 13 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 (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Willowdale Ave at Otonabee Ave is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.16M, median of 13 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Income potential
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 5% below the area average of $974/sqft.
30 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Newtonbrook East, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Willowdale Ave at Otonabee Ave, about 149 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
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 $959,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,118
- Property tax
- $648
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,767
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,453
- Toronto municipal land transfer tax
- $20,453
- Estimated closing costs
- $40,906
Plus your down payment of $239,778. 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
- $307,090
- Principal paid down
- $122,143
- Interest paid
- $184,947
- Balance remaining
- $836,967
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 ROYAL LEPAGE CITIZEN REALTY. MLS®/PropTx.