492 Ruth Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13541602
About this home
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
- 7 (5 + 2)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000
- 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
- 8
- 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, this home is about 17% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.53M, lower than the comparables and worth a second look.
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 $3.20M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $3.24M
That comparable adjusts to $3.24M; the $3.24M estimate above is the median of all 9 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.
Its public catchment (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Bayview Ave at Ruth Ave is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $3.24M, median of 9 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.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Worth verifying
- 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 22% below the area average of $808/sqft.
7 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
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.
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: Bayview Ave at Ruth Ave, about 106 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 $2,150,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,475
- Property tax
- $1,197
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,672
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
- $688,520
- Principal paid down
- $273,854
- Interest paid
- $414,666
- Balance remaining
- $1,876,546
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 CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.