228 Pemberton Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13453646
About this home
Situated in the heart of Newtonbrook East, this charming, well-cared-for family home rests on a premium 60 x 146 ft lot within a neighbourhood defined by luxury custom residences. Offering a rare combination of lot size, location, and future potential, this property is ideal for those looking to renovate, rebuild, or invest.The existing home showcases classic character and a functional layout, ready for updates or transformation. The deep backyard provides a private setting with ample space to design your ideal outdoor retreat-whether for entertaining, relaxation, or adding features such as a pool. A long private driveway accommodates multiple vehicles with ease.Zoned R5+, the property offers flexibility for redevelopment, including single-family, duplex, triplex, or fourplex options (buyer to verify all permitted uses). The home is currently rentable, presenting an opportunity to generate income while planning your next steps. Conveniently located near top-rated public, Catholic, and private schools, as well as Finch Subway Station and the future Finch West LRT. Enjoy quick access to Highways 401 and 404, nearby parks, shopping destinations, dining options, and major healthcare facilities.A prime opportunity to secure a substantial lot in one of North York's most desirable and evolving communities. Being sold as is where is, no guarantees or warranties.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- C13453646
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 2000-2500
- Lot
- 60 × 146 ft
- Cross streets
- Finch & Bayview
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Full, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $9,682 / 2025
- Days on market
- 31
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
broadloom · picture window · electric fireplace
picture window · broadloom · formal rm
broadloom · overlooks backyard · picture window
broadloom · large window · closet
4 pc bath · window · large closet
broadloom · window
3 pc bath · vinyl floor · window
broadloom · his and hers closets · window
broadloom · walk-in closet(s) · overlooks backyard
eat-in kitchen · large window · vinyl floor
4 pc bath · window · vinyl floor
Listed at $1,488,000, this home is tracking about 32% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.74M, a bit lower.
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 $1.50M
- Bedrooms −$30K
- Adjusts to $1.47M
That comparable adjusts to $1.47M; the $2.17M estimate above is the median of all 10 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 (Earl Haig Secondary 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. Finch Ave East at Maxome Ave is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $2.17M, median of 10 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- 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 34% below the area average of $1,000/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
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: Finch Ave East at Maxome Ave, about 131 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 $1,190,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,352
- Property tax
- $807
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,159
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,235
- Toronto municipal land transfer tax
- $26,235
- Estimated closing costs
- $52,470
Plus your down payment of $297,600. 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
- $381,145
- Principal paid down
- $151,598
- Interest paid
- $229,547
- Balance remaining
- $1,038,802
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 REAL ESTATE HOMEWARD. MLS®/PropTx.