492 Ruth Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13541602
About this home
In short
- Welcome to 492 Ruth Avenue, an exceptional residence ideally located near Bayview Avenue and Cummer Avenue in the prestigious Newtonbrook East community of North York.
- Set on a premium 60 x 143 ft rectangular lot, this remarkable home offers approximately 4,897 sq ft of elegant above-grade living space, complemented by a...
- This expansive two-storey home features 5+2 bedrooms and 7 bathrooms, with soaring 9-foot ceilings, a triple attached garage, and a beautifully landscaped exterior...
- The interior is richly appointed with gleaming hardwood floors throughout the principal rooms, and a refined blend of marble, parquet, and ceramic finishes.
- Additional features include a high-efficiency furnace (2019), central air conditioning (2016), electronic air cleaner, central vacuum, alarm system, intercom, and...
Welcome to 492 Ruth Avenue, an exceptional residence ideally located near Bayview Avenue and Cummer Avenue in the prestigious Newtonbrook East community of North York. Set on a premium 60 x 143 ft rectangular lot, this remarkable home offers approximately 4,897 sq ft of elegant above-grade living space, complemented by a professionally finished 2,200 sq ft walk-up basement. Designed for both comfort and sophistication, the property showcases outstanding craftsmanship and timeless architectural details throughout. This expansive two-storey home features 5+2 bedrooms and 7 bathrooms, with soaring 9-foot ceilings, a triple attached garage, and a beautifully landscaped exterior complete with an interlocking driveway and walkway. The bright kitchen includes a convenient walk-out, perfect for seamless indoor-outdoor living and entertaining. The interior is richly appointed with gleaming hardwood floors throughout the principal rooms, and a refined blend of marble, parquet, and ceramic finishes. Elegant details include skylights, wainscoting, cornice mouldings, and extensive oak craftsmanship. Three gas fireplaces with custom mantels enhance the living, family, and recreation rooms. The lower level offers a private retreat, featuring a spacious recreation area, a large spa, and a private sauna-ideal for relaxation and entertaining. Additional features include a high-efficiency furnace (2019), central air conditioning (2016), electronic air cleaner, central vacuum, alarm system, intercom, and automatic garage door openers. Perfectly situated near top-rated schools, parks, shopping, fine dining, and offering easy access to major highways and public transit, this home delivers an exceptional lifestyle in one of Toronto's most sought-after neighborhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13541602
- Bedrooms
- 5+2 (7 total)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 60 × 143 ft
- Cross streets
- Bayview & Cummer
- Parking
- 3 garage · 9 parking (attached)
- Driveway
- Private Double
- Basement
- Other, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $14,365 / 2025
- Days on market
- 99
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
semi ensuite · 5 pc bath · parquet
marble fireplace · french doors · b/i bookcase
ceramic floor · w/o to deck
w/o to balcony · 6 pc ensuite · b/i vanity
b/i shelves · pot lights · hardwood floor
semi ensuite · double closet · parquet
cathedral ceiling(s) · sunken room · marble fireplace
combined w/living · bow window · hardwood floor
4 pc ensuite · parquet · double closet
Listed at $2,688,000. Going by how homes in Newtonbrook East and the wider GTA have actually closed against their asking prices (about 96%, 22 local closings in 90 days), the likely sale price is near $2.58M, if it sells. A realistic range is $2.42M to $2.91M.
Independent value check: $2.37M. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $2.22M and $2.48M).
Why $2.37M. The typical detached home sold in Newtonbrook East over the past year went for about $1.38M (86 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $14,365 a year; the typical home sold here pays about $8,800.
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises it strongly5+2 bedrooms and 7 baths, against 4+1 and 3 typically.
- ▲ Raises it slightly3 garage and 9 total parking spaces, against 2 and 6 typically.
Longer on the market than typical. 99 days on the market against about 39 for homes like it here, and asking 14% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.58M, from 22 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 10 detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $632/sqft against an area asking average of $795/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.13M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($632/sqft) is below the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 22 comparable homes that sold in Newtonbrook East over the past two years, from 145 closings there.
For sale
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $720/sqft; this home lists at $632/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Newtonbrook East: $1.25M in September 2026, down 17% from a year ago, on 69 closings in 8 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.43M | 5 |
| March 2026 | $1.40M | 11 |
| April 2026 | $2.25M | 7 |
| May 2026 | $1.38M | 15 |
| June 2026 | $1.31M | 7 |
| July 2026 | $1.30M | 7 |
| August 2026 | $1.28M | 9 |
| September 2026 | $1.25M | 8 |
Neighbourhood & location
Newtonbrook East, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $2,150,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,890
- Property tax
- $1,197
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,087
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $53,675
- Toronto municipal land transfer tax
- $53,675
- Estimated closing costs
- $107,350
Plus your down payment of $537,600. 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
- $713,396
- Principal paid down
- $262,739
- Interest paid
- $450,657
- Balance remaining
- $1,887,661
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 numbersThe last 9 whole-home leases in Newtonbrook East signed at a median of $6,600 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,756. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.