55 Hemford Crescent, Toronto, ON
Banbury-Don Mills, Toronto · MLS® C13503630
About this home
A spectacular opportunity in one of Toronto's most prestigious neighbourhoods. Live in this beautifully updated, charming home or undertake a major renovation, or design and build your dream residence on an extraordinary 15,000+ sq. ft. lot backing directly onto the scenic Don Mills Spur Line Trail. (Please see artist renderings attached.) Nestled on a quiet, highly sought-after crescent surrounded by multi-million dollar homes, this exceptional property offers endless possibilities. The existing home has been tastefully updated and features the rare advantage of a double-car garage plus parking for up to six vehicles. The expansive backyard rivals the area's finest parks, creating an incredibly private setting for family living and outdoor entertaining. Inside, the spacious living and dining rooms are ideal for hosting, while large picture windows fill the home with natural light and frame beautiful views of the lush gardens. Enjoy an outstanding family-friendly lifestyle just moments from top-rated schools, Bond Park (baseball, tennis, soccer), the Don Mills Spur Line Trail (for riding or walking), the public library, and the vibrant Shops at Don Mills. Boutique shopping, Metro, IndigoSpirit, Shoppers Drug Mart, VIP Cineplex, and an exceptional selection of casual and fine dining are all within easy reach. A truly rare offering to secure one of the area's largest lots in a premier location, combining exceptional lifestyle, natural surroundings, and outstanding future potential.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13503630
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 41.74 × 192.17 ft
- Cross streets
- Don Mills/Lawrence
- Parking
- 2 garage · 8 parking (detached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,113 / 2026
- Days on market
- 23
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
porcelain floor · led lighting · open concept
broadloom · above grade window · walk-in closet(s)
overlooks backyard · hardwood floor · double closet
w/o to garden · fireplace · overlooks backyard
broadloom · led lighting · above grade window
B/I Shelves
hardwood floor · overlooks frontyard · closet organizers
open concept · hardwood floor · crown moulding
hardwood floor · overlooks backyard · closet
overlooks frontyard · stainless steel appl · led lighting
porcelain floor · above grade window
Listed at $2,178,000, and my independent estimate is about 30% above what comparable homes suggest.
In Banbury-Don Mills lately, sellers get about 96% of asking; homes sell in ~28 days.
Total price vs nearby homes. Fair value about $1.67M, median of 8 comparables.
- 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 8 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.95M, a bit higher.
What the listing highlights1 point 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
Schools & getting aroundcatchment and transit
The assigned public school is Don Mills Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 8 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 35% above the area average of $1,240/sqft.
22 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Banbury-Don Mills, 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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,742,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,298
- Property tax
- $843
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,141
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $40,925
- Toronto municipal land transfer tax
- $40,925
- Estimated closing costs
- $81,850
Plus your down payment of $435,600. 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
- $557,886
- Principal paid down
- $221,895
- Interest paid
- $335,991
- Balance remaining
- $1,520,505
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 SIGNATURE REALTY. MLS®/PropTx.