549 Lawrence Avenue, Toronto, ON
Englemount-Lawrence, Toronto · MLS® C13492076
About this home
In short
- Attention professional end users, entrepreneurs and investors.
- Welcome to 549 Lawrence Ave W - an incredible live-work opportunity with immediate cash flow, and massive future redevelopment value. Located on a high-visibility...
- This suite is fully renovated in 2025, move-in ready for lucrative Airbnb short-term rentals, premium long-term leasing, multi-generational living, or growing family....
Attention professional end users, entrepreneurs and investors! Welcome to 549 Lawrence Ave W - an incredible live-work opportunity with immediate cash flow, and massive future redevelopment value. *Located on a high-visibility major road, this property provides an ideal live-work setting for professional offices or client-facing business, while still delivering the comfort and functionality of a well-maintained family home. *The bright, inviting, custom-designed 500 sq ft great room extension features 9-foot ceilings, expansive windows, and a walk out to a large deck overlooking a beautiful south-facing backyard. *Adding immense financial flexibility is the walk-out basement extension featuring a separate entrance, two generous bedrooms, full kitchen, open-concept living/dining area, and independent laundry. This suite is fully renovated in 2025, move-in ready for lucrative Airbnb short-term rentals, premium long-term leasing, multi-generational living, or growing family. *Beyond its immediate comfort and utility, this property, being situated within a rapidly intensifying transit-accessible corridor, holds exceptional long-term capital appreciation potential through land assembly. ** Don't miss this rare opportunity to own this versatile property. Book a private showing to explore its possibilities and unique value. *** Potential uses are for information only. Buyers should consult their own qualified professionals. ***
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13492076
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 3
- Size
- 1500-2000 sq ft
- Lot
- 50 × 96.17 ft
- Cross streets
- Bathurst/Lawrence
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out, Separate Entrance, Full
- Kitchens
- 2 (1 + 1)
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,681 / 2025
- Days on market
- 115
- Listing brokerage
- LANDPOWER REAL ESTATE LTD.
Rooms
Laminate
Hardwood Floor
Hardwood Floor
laminate · above grade window · walk-out
Laminate
Hardwood Floor
Laminate
eat-in kitchen · quartz counter · ceramic floor
picture window · walk-out · ceramic floor
large window · hardwood floor
Laminate
laminate · above grade window
Hardwood Floor
Listed at $1,899,000. Going by how homes in Englemount-Lawrence and the wider GTA have actually closed against their asking prices (about 97%, 11 local closings in 90 days), the likely sale price is near $1.84M, if it sells. A realistic range is $1.72M to $2.07M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Longer on the market than typical. 115 days on the market against about 22 for homes like it here, and asking 35% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.84M, from 11 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 5 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,085/sqft against an area asking average of $873/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Englemount-Lawrence: 23 of the 77 detached leases here lately were basement units, around $1,595 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.26M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Walk-out basement: natural light and strong in-law or income potential. 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
Schools & getting aroundcatchment and transit
The assigned public school is Ledbury Park Elementary and Middle 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 Englemount-Lawrence, so I widened the search to the surrounding area.
Based on 11 comparable homes that sold in Englemount-Lawrence over the past two years, from 90 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.63M, which is where my estimate comes from.
Per square foot, these ask about $1,107/sqft; this home lists at $1,085/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,360 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 776 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 678 |
Neighbourhood & location
Englemount-Lawrence, 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $1,519,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,400
- Property tax
- $557
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,957
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,455
- Toronto municipal land transfer tax
- $34,455
- Estimated closing costs
- $68,910
Plus your down payment of $379,800. 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
- $503,995
- Principal paid down
- $185,618
- Interest paid
- $318,377
- Balance remaining
- $1,333,582
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 Englemount-Lawrence (23 of 77 recent detached leases were basement units, around $1,595 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,595 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 16 whole-home leases in Englemount-Lawrence signed at a median of $4,391 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,992. 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 LANDPOWER REAL ESTATE LTD.. MLS®/PropTx.