494 Atlas Avenue, Toronto, ON
Humewood-Cedarvale, Toronto · MLS® C13508666
About this home
Welcome to 494 Atlas Avenue a designer custom-built masterpiece! Steps from Allen Road and Eglinton, this home offers over 4,200 sq.ft. of total living space, including 2,834 sq. ft. above grade with contemporary design and luxurious finishes throughout. The main and second floors feature soaring ceilings that create a sense of openness and light. With 4+1 spacious bedrooms and 5 bathrooms, this home seamlessly blends sophisticated design with everyday functionality. The open-concept main floor, framed by oversized windows, flows into a sleek kitchen with premium appliances, custom cabinetry, and a waterfall island, leading naturally into the inviting living and dining areas. A modern glass-railed staircase ascends to the second floor, where generously sized bedrooms offer ample closet space. The primary suite is a true sanctuary, complete with a spa-inspired bathroom and a large walk-in closet. The fully finished lower level provides nearly 1,400 sq. ft. of additional living space, including a guest/in-law bedroom, a recreation room with fireplace, and a laundry room. Step outside to your private backyard retreat fully fenced and surrounded by mature cedars. A large deck, pergola, and natural gas BBQ hookup make this an ideal space for year-round entertaining and relaxation. Located in one of Toronto's most desirable communities, you'll be just steps from Eglinton Avenue, shops, restaurants, top-rated schools, and scenic Cedarvale Park. Commuters will appreciate the close proximity to Eglinton West/Cedarvale LRT and the upcoming Forest Hill Station. This is a rare opportunity to own a truly special home in a high-demand neighbourhood.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13508666
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000
- Lot
- 29.5 × 100 ft
- Cross streets
- Allen & Eglinton
- Parking
- 1 parking
- Driveway
- Private
- Basement
- Finished, Apartment, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Membrane, Rolled, Flat
- Sewer
- Sewer
- Property tax
- $13,347 / 2025
- Days on market
- 16
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
window · tile floor
window · broadloom · closet
hardwood floor · his and hers closets · 5 pc ensuite
window · broadloom · pot lights
hardwood floor · w/o to deck · fireplace
hardwood floor · 3 pc ensuite · closet
hardwood floor · pot lights · combined w/living
hardwood floor · window · closet
hardwood floor · pot lights · combined w/dining
hardwood floor · window · closet
hardwood floor · eat-in kitchen · pot lights
Listed at $2,499,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Humewood-Cedarvale, so I widened the search to the surrounding area.
Based on 14 similar homes nearby, adjusted for size, beds, and baths.Median of 14 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.93M, higher 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 $1.80M
- Adjusts to $1.80M
That comparable adjusts to $1.80M; the $2.15M estimate above is the median of all 14 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 J R Wilcox Community School. 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. Eglinton Ave West at Marlee Ave is about a 4-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.15M, median of 14 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- 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 19% below the area average of $1,122/sqft.
15 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Humewood-Cedarvale, 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: Eglinton Ave West at Marlee Ave, about 327 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 $1,999,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,668
- Property tax
- $1,112
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,781
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,950
- Toronto municipal land transfer tax
- $48,950
- Estimated closing costs
- $97,900
Plus your down payment of $499,800. 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
- $640,108
- Principal paid down
- $254,599
- Interest paid
- $385,510
- Balance remaining
- $1,744,601
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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.