Basement-41 Athabaska Avenue, Toronto, ON

Newtonbrook East, Toronto · MLS® C13471226

$1,695/mo
For Lease
Listed 32 days ago
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1Bedrooms
1Bathrooms
1Parking
700Sq Ft

About this home

Beautifully renovated 1+Den basement apartment with a private separate entrance and bright open-concept layout.If needed can be leased furnished for extra $150/ months,Ideal for a young couple, small family, newcomers, or professionals seeking a comfortable and move-in-ready home. Features a spacious full-size kitchen with built-in microwave hood fan, ample cabinetry, generous storage space, private laundry, and one parking spot. Located in a highly desirable Newtonbrook East neighbourhood, just minutes from Yonge Street and Steeles Avenue. Enjoy convenient access to TTC transit, shopping, restaurants, grocery stores, parks, community centres, and everyday amenities. Families will appreciate the area's excellent local schools and welcoming community atmosphere with mature tree-lined streets. Tenant responsible for 30% of utilities (hydro, gas, and water). A fantastic opportunity to live in a prime North York location.

Key facts

Property type
Detached, 1 1/2 Storey
MLS®
C13471226
Bedrooms
1
Bathrooms
1
Size
700 sq ft
Lot
46.09 × 122.72 ft
Cross streets
Yonge/Steeles
Parking
1 parking
Driveway
Available
Basement
Apartment, Separate Entrance
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete Block
Roof
Shingles
Sewer
Sewer
Days on market
32
Listing brokerage
SUTTON GROUP-ADMIRAL REALTY INC.
Moe’s TakeTeam Asgarian · Broker
In line
$1,583/moest. value

Listed at $1,695/mo, this rental is within the range of comparable rentals, on the higher side. The number above is my independent estimate of value, not the asking price.

In Newtonbrook East lately, landlords have been getting about 98% of asking and homes lease in about 30 days.

There were not many closely comparable homes right in Newtonbrook East, so I widened the search to the surrounding area.

Based on 11 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 11 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.

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, leased for $1,150/mo
  • Adjusts to $1,150/mo

That comparable adjusts to $1,150/mo; the $1,583/mo estimate above is the median of all 11 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.

Its public catchment (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

List price
$1,458/moBelow market$1,950/moAbove market

Total price vs nearby homes. Fair value about $1,583/mo, median of 11 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
  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Comparable listingsCurrently listed nearby in Newtonbrook East · asking prices
$1,487avg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Lower-58 Finch Avenue$1,595UPPER-29 Whitman Street$1,800Bsmt-15 Nevada Avenue$1,490Bsmt-218 Finch Avenue$1,450B1-949 Willowdale Avenue$1,100

The 5 closest of 8 active listings nearby.

See all comparable homes
1,695This home1,5951,8001,4901,4501,100This home vs active comparables
Live market pulseActive comparables in Newtonbrook East · median list $2K
19active listings nearby
32days on market
97leased nearby · 90 days
$4Kmedian leased price
98%of asking, on average

31 days longer than the Toronto average (1 days).

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Newtonbrook East, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Willowdale West
$11K
Bayview Village
$3K
Downsview-Roding-CFB
$3K
Tam O'Shanter-Sullivan
$2K
Briar Hill-Belgravia
$3K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Cummer Valley Middle School
79%
Cummer Valley Middle SchoolPublic · Elementary · 1.5 km awayAbove the GTA average · 79% meet the provincial standard
Avondale Secondary Alternative SchoolEQAO results not published

Affordability & Mortgage

Affordability
$8/mo
$4KIncome needed
0.4×Price ÷ income
$2Weekly cost
20% down4.79%25-yr amortization

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.

88%mortgage
Mortgage $8Property tax $1Total carry $9

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$7per month

Mortgage amount $1,356 · 4.14% over 25 years

$339Down payment (20.0%)
$1,356Loan before insurance
$0CMHC premium
$8Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7
Property tax
$1
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8
Toronto municipal land transfer tax
$8
Estimated closing costs
$17

Plus your down payment of $339. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$9/monthPayment at the qualifying rate

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

$815Total interest paid
$2,171Total of all payments
Principal $1,356 Interest $815
YearPrincipalInterestBalance
1$32$55$1,324
2$33$54$1,291
3$34$52$1,257
4$36$51$1,221
5$37$49$1,183
6$39$48$1,144
7$41$46$1,104
8$42$45$1,061
9$44$43$1,017
10$46$41$971
11$48$39$924
12$50$37$874
13$52$35$822
14$54$33$768
15$56$30$711
16$59$28$652
17$61$26$591
18$64$23$528
19$66$20$461
20$69$18$392
21$72$15$320
22$75$12$245
23$78$9$166
24$82$5$85
25$85$2$0

At the end of your 5-year term

Total paid over the term
$434
Principal paid down
$173
Interest paid
$261
Balance remaining
$1,183

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.

Let's connect

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.

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