47 Terrace Avenue, Toronto, ON
Willowdale West, Toronto · MLS® C13513328
About this home
***Welcome to 47 Terrace Avenue -- This "STUNNING" custom-designed residence offers a luxurious, approximately 3600Sf(1st/2nd floor) + fully finished walk-out basement as per Mpac(total over 5000Sf living area as per Mpac), seamlessly blending elegance and modern interior for your family's life style, meticulously maintained(SUPER CLEAN & SPARKLING) by its owner. Discover a spacious-grand foyer featuring soaring ceilings and open concept living area (ABUNDANT NATURAL SUN LIGHT) is a showcase of elegance with coffered ceilings and wainscoting, flowing perfectly to a dining room, featuring rich hardwood floors and direct access to the dream kitchen, equipped with all built-in appliance, a centre Island, a breakfast area and a walkout to a private deck perfect for outdoor entertaining. The inviting family room offers a warm stone fireplace, creating a cozy space for relaxation. This main floor office provides a home office space. Upstairs hallway is illuminated by natural light from a skylight. The primary suite is a private retreat with his/hers closets and a luxurious 6-piece ensuite. The additional bedrooms offer own ensuites/semi ensuite and spacious room sizes, featuring rich hardwood floors. The lower levels offers stunning additional space for the family or adult family member place with complete privacy or potential rental income opportunity, providing a formal kitchen with S-S appliance and a walk-up , easy accessible to south exposure-pleasant backyard. Outdoors, enjoy a south exposure/private backyard, with deck and interlocking stone patio, offering an ideal setting for relaxation and entertainment. Close to all amenities, schools, TTC access and premier shopping, libraries, hospital and recreational centre ----- 2KITCHENS WITH 2 SETS OF APPPLIANCES, 2 LAUNDERY ROOMS WITH 2 SETS OF WASHERS/DRYERS ------ SUPER NATURAL BRIGHT & SPARKLING CLEAN CLEAN H------Pls see attached for the Lot Size(Geowarehouse----44.53 ft x 132.02 ft x 63.44 ft x 131.08ft)
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13513328
- Bedrooms
- 7 (4 + 3)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000
- Lot
- 60 × 131 ft
- Cross streets
- Just E.Bathurst St/S.Finch Ave W
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Other
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $12,450 / 2025
- Days on market
- 15
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
3 pc ensuite · laminate · window
hardwood floor · coffered ceiling(s) · pot lights
laminate · window · closet
semi ensuite · pot lights · walk-in closet(s)
hardwood floor · moulded ceiling · french doors
stainless steel appl · granite counters · centre island
gas fireplace · hardwood floor · pot lights
semi ensuite · hardwood floor · moulded ceiling
walk-up · open concept · laminate
open concept · pot lights · laminate
6 pc ensuite · pot lights · his and hers closets
hardwood floor · moulded ceiling · pot lights
combined w/kitchen · w/o to sundeck · open concept
laundry sink · separate room
5 pc ensuite · hardwood floor · pot lights
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Willowdale Middle 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Bathurst St at Horsham Ave is about a 1-minute walk away.
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.
- Walk-out basement: natural light and strong in-law or income potential.
- 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.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Income potential
- 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 3 closest active listings nearby.
See all comparable homesThis home lists 37% below the area average of $783/sqft.
14 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Willowdale West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Bathurst St at Horsham Ave, about 107 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 $1,670,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,914
- Property tax
- $1,038
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,951
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $38,675
- Toronto municipal land transfer tax
- $38,675
- Estimated closing costs
- $77,350
Plus your down payment of $417,600. 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
- $534,832
- Principal paid down
- $212,726
- Interest paid
- $322,107
- Balance remaining
- $1,457,674
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.