401-407 Walmer Road, Toronto, ON
Casa Loma, Toronto · MLS® C13501836
About this home
Suites in this intimate boutique building are rarely offered for sale. A beautifully renovated corner residence offering approximately 2,100 square feet of elegant living space and breathtaking panoramic views of the downtown Toronto skyline in Forest Hill. Bathed in natural light, this exceptional suite enjoys south, north, and east exposures, with ever-changing vistas over the treetop of the Nordheimer Ravine. A welcoming foyer leads to expensive principal rooms, including generous living and dining areas. The renovated white kitchen features shaker cabinetry, Corian countertops, a bright breakfast area with unobstrcuted eastern views. The oversized primary suite with sitting areas, a walk-in closet, a renovated 3-piece ensuite, and a balcony. The second bedroom, currently used as a den, with wall-to-wall closets, wood floor has unobstructed east views. Additional features include a separate laundry room with washer, dryer, laundry sink, and second refrigerator, one underground parking space, and a locker. Residents enjoy an exercise room, sauna, visitor parking, barbecues permitted on balconies and pets permitted as per by-laws. This exclusive seven storey building with only 14 suites is a rare find in the city. Ideally located within walking distance to Forest Hill Village, Winston Churchill Park, TTC, grocery stores, restaurants, shops, synagogues, and churches. A truly special opportunity to enjoy a spacious, quiet condominium surrounded by nature, with spectacular ravine and skyline views in one of the city's most desirable neighbourhoods.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- C13501836
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 2000-2249
- Cross streets
- St.Clair/Spadina Road
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Baseboard
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $3,586/mo
- Exposure
- South
- Property tax
- $7,650 / 2026
- Days on market
- 18
- Listing brokerage
- ROYAL LEPAGE/J & D DIVISION
Rooms
combined w/living · hardwood floor
breakfast area · renovated
w/w closet · pot lights · hardwood floor
3 pc ensuite · walk-in closet(s) · w/o to balcony
w/w closet · ceiling fan(s) · hardwood floor
electric fireplace · w/o to balcony · south view
w/o to balcony · double closet · hardwood floor
Listed at $2,395,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. 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 26 similar homes nearby, adjusted for size, beds, and baths.Median of 26 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.47M, lower than the comparables and worth a second look. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $1.38M
- Bathrooms −$15K
- Adjusts to $1.36M
That comparable adjusts to $1.36M; the $2.58M estimate above is the median of all 26 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.
The assigned public school is Oakwood Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. St Clair Ave West at Spadina Rd West Side 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 $2.58M, median of 26 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Primary suite: a key comfort and resale feature.
- Worth verifying
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 20% below the area average of $1,406/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Casa Loma, 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: St Clair Ave West at Spadina Rd West Side, about 138 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,916,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,224
- Property tax
- $638
- Condo / maintenance fees
- $3,586
- Heating
- $0
- Estimated monthly cost
- $14,448
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $46,350
- Toronto municipal land transfer tax
- $46,350
- Estimated closing costs
- $92,700
Plus your down payment of $479,000. 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
- $613,469
- Principal paid down
- $244,003
- Interest paid
- $369,466
- Balance remaining
- $1,671,997
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 ROYAL LEPAGE/J & D DIVISION. MLS®/PropTx.