119 Major Street, Toronto, ON
University, Toronto · MLS® C13474522
About this home
In short
- First time offered in 55 years.
- Main floor features 10-foot ceilings, living room, bedroom with ensuite and eat in kitchen.
- Second floor features 9-foot ceilings, 3 spacious bedrooms and a bathroom.
- With a little imagination, this home can offer endless possibilities for the end user, renovator or investor.
- Walk to public transit, parks, hospitals, grocery stores, schools, places of worship, trendy College St, China Town, Kensington Market, downtown Yonge St and...
Welcome to 119 Major St. First time offered in 55 years. Rare opportunity to own in one of Toronto's most vibrant and sought after neighborhoods in the heart of Toronto. This home comes with a private side entrance. Main floor features 10-foot ceilings, living room, bedroom with ensuite and eat in kitchen. Second floor features 9-foot ceilings, 3 spacious bedrooms and a bathroom. Third bedroom on second floor can easily be converted back to a kitchen making this the ideal home for a larger family, investor or multi-generational living. Basement has a kitchenette, separate laundry area, a cold room along with a basement walk out-perfect for an in-law suite or income potential. Private back yard with a 2-car block garage and a large 8x16 door with laneway access. With a little imagination, this home can offer endless possibilities for the end user, renovator or investor. Many amenities in the area. Walk to public transit, parks, hospitals, grocery stores, schools, places of worship, trendy College St, China Town, Kensington Market, downtown Yonge St and University of Toronto.
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- C13474522
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 19 × 94 ft
- Cross streets
- College St and Spadina Ave
- Parking
- 2 garage (detached)
- Basement
- Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick Front
- Foundation
- Block
- Roof
- Asphalt Shingle, Flat, Membrane
- Sewer
- Sewer
- Property tax
- $8,226 / 2026
- Days on market
- 81
- Listing brokerage
- HOMELIFE REGIONAL REALTY LTD.
Rooms
window · closet · laminate
Open Concept
window · closet · laminate
window · laminate
window · laminate
window · walk-out · vinyl floor
window · laminate
Listed at $1,389,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.40M, typically $1.11M to $1.57M. Comparable closings on their own put this home around $1.44M, which agrees with the ask, so this is a firm read.
Second read, from the city assessment: $1.66M. That is about 15% above the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $1.40M, median of 6 comparables.
The market behind the math:
Price per square foot: this home lists at $794/sqft against an area asking average of $740/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 6 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.66M, a bit higher.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is King Edward Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in University, so I widened the search to the surrounding area.
Based on 8 homes sold on this street over the past two years, from 26 closings in University.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.44M, which is where my estimate comes from.
Per square foot, these ask about $1,376/sqft; this home lists at $794/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
University, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $1,111,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,991
- Property tax
- $686
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,676
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,255
- Toronto municipal land transfer tax
- $24,255
- Estimated closing costs
- $48,510
Plus your down payment of $277,800. 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
- $359,436
- Principal paid down
- $139,853
- Interest paid
- $219,583
- Balance remaining
- $971,347
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
The suite is real income here: basements rent in University (5 of 29 recent detached leases were basement units, around $1,900 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,900 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in University signed at a median of $7,413 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,541. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE REGIONAL REALTY LTD.. MLS®/PropTx.