2302-8 Hillcrest Avenue, Toronto, ON

Willowdale East, Toronto · MLS® C13518278

$539,000
For Sale
Listed 20 days ago
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1Bedrooms
1Bathrooms
1Garage
500-599Sq Ft

About this home

Spacious One-Bedroom Suite with Parking and Stunning Views This large one-bedroom suite has been freshly updated with brand-new laminate flooring, a modern kitchen countertop, and a stylish new bathroom vanity. Recently painted throughout, the space feels bright, clean, and move-in ready. Enjoy an unobstructed view overlooking Mel Lastman Square from the open-concept living and dining area with sleek wood finishes. Convenience is unmatched with direct indoor access to the mall, supermarket, and subway, plus steps to Yonge Street and TTC transit. Situated in a top school district - McKee Public School, Bayview Middle School, and Earl Haig Secondary School - this home combines comfort, location, and value.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13518278
Bedrooms
1
Bathrooms
1
Size
500-599
Cross streets
Yonge/Sheppard
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$451/mo
Exposure
West
Property tax
$2,511 / 2025
Days on market
20
Listing brokerage
RE/MAX EXCEL REALTY LTD.

Rooms

Living RoomFlat5.63 × 3.00 m

combined w/dining · hardwood floor

Dining RoomFlat5.63 × 3.00 m

combined w/living · hardwood floor

KitchenFlat2.35 × 2.72 m

Ceramic Floor

Primary BedroomFlat4.39 × 2.72 m

wood · w/o to balcony

Our TakeTeam Asgarian · Broker
Above comparables
$500Kest. value

Listed at $539,000, and my independent estimate is about 8% above what comparable homes suggest.

In Willowdale East lately, sellers get about 98% of asking; homes sell in ~35 days.

List price
$500KGreat deal$539KOverpriced

Total price vs nearby homes. Fair value about $500K, median of 3 comparables.

How this estimate is builtthe short version

I take the 3 most comparable recent sales 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 sale.

It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $476K, a close match.

What the listing highlights2 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit

On schools, this address is zoned for Earl Haig Secondary School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.

Based on 3 comparable homes that recently sold nearby.

Comparable listingsCurrently listed nearby in Willowdale East · asking prices
$518kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

4218-5 Sheppard Avenue$540k1616-4955 Yonge Street$519k611-33 Sheppard Avenue$510k401-21 Clairtrell Road$539k315-2 Clairtrell Road$480k

The 5 closest of 8 active listings nearby.

See all comparable homes
539kThis home540k519k510k539k480kThis home vs active comparables
Live market pulseActive comparables in Willowdale East · median list $510K
$981this home / sqft
43active listings nearby
20days on market
100sold nearby · 90 days
$580Kmedian sold price
98%of asking, on average

This home lists 19% above the area average of $827/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Willowdale East, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Bayview Village
$523K
Henry Farm
$627K
Flemingdon Park
$430K
Bay Street Corridor
$618K
Church-Yonge Corridor
$611K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near McKee Public School
86%
McKee Public SchoolPublic · Elementary · 0.7 km awayHigher-rated than most nearby · 86% meet the provincial standard
Avondale Elementary Alternative SchoolEQAO results not published

Affordability & Mortgage

Affordability
$2,457/mo
$112KIncome needed
4.8×Price ÷ income
$567Weekly cost
20% down4.79%25-yr amortization

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.

79%mortgage
Mortgage $2,457Property tax $209Condo fee $451Total carry $3,117

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,301per month

Mortgage amount $431,200 · 4.14% over 25 years

$107,800Down payment (20.0%)
$431,200Loan before insurance
$0CMHC premium
$2,961Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,301
Property tax
$209
Condo / maintenance fees
$451
Heating
$0
Estimated monthly cost
$2,961

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$7,255
Toronto municipal land transfer tax
$7,255
Estimated closing costs
$14,510

Plus your down payment of $107,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,795/monthPayment at the qualifying rate

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

$259,113Total interest paid
$690,313Total of all payments
Principal $431,200 Interest $259,113
YearPrincipalInterestBalance
1$10,102$17,511$421,098
2$10,524$17,088$410,574
3$10,964$16,648$399,610
4$11,423$16,190$388,187
5$11,901$15,712$376,287
6$12,398$15,214$363,888
7$12,917$14,695$350,971
8$13,457$14,155$337,514
9$14,020$13,592$323,493
10$14,607$13,006$308,887
11$15,218$12,395$293,669
12$15,854$11,758$277,815
13$16,517$11,095$261,297
14$17,208$10,404$244,089
15$17,928$9,684$226,161
16$18,678$8,935$207,483
17$19,459$8,153$188,024
18$20,273$7,339$167,750
19$21,121$6,491$146,629
20$22,005$5,608$124,624
21$22,925$4,687$101,699
22$23,884$3,728$77,815
23$24,883$2,729$52,932
24$25,924$1,689$27,008
25$27,008$604$0

At the end of your 5-year term

Total paid over the term
$138,063
Principal paid down
$54,913
Interest paid
$83,149
Balance remaining
$376,287

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.

Let's connect

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

Rental yield
Estimate$1,700/mo
$20,400Gross annual rent
1.8%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.8%
Gross yield
− Property tax $2,511− Condo fees $5,417− Insurance $600− Vacancy & upkeep $2,244Net operating income $9,628

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX EXCEL REALTY LTD.. MLS®/PropTx.

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