3401-18 Erskine Avenue, Toronto, ON

Mount Pleasant West, Toronto · MLS® C13563460

$5,495/mo
For Lease
Listed 5 days ago
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3Bedrooms
3Bathrooms
1Garage
1400-1599Sq Ft

About this home

***ONE MONTH RENT FREE plus a $1,500 Move-In Bonus when you sign an 18-month lease.*** Luxury Two-Storey Sky Villa! Experience elevated executive living in this stunning 1,454 sq. ft. residence featuring 2 bedrooms + den, 3 bathrooms, and exceptional indoor-outdoor living. The open-concept living and dining area walks out to a spacious terrace, while the modern eat-in kitchen with centre island offers a walkout to a private balcony. The main floor also includes a versatile den and 3-piece bath. Upstairs, the primary retreat features a walk-in closet, 4-piece ensuite, and walkout to a second oversized terrace. The second bedroom also enjoys its own private balcony. Enjoy top-tier amenities including a fitness centre/yoga/TRX, FREE fitness and VR classes! Indoor pool with steam rooms, co-work studio with FREE WIFI & Netflix. Zen garden, Kids Zone, chef's kitchen with dining lounge and bar with BBQ terrace - Fabulous for entertaining! This building is PET Friendly and features a pet spa, pet wash, pet treadmill, outdoor snow-free pet run! Experience condo-style luxuries with white glove service, social community events, countless amenities and VIP perks - all at no additional cost! EV Charging stations, onsite car wash, bike storage and bike wash!

Key facts

Property type
Condo Apartment, 2-Storey
MLS®
C13563460
Bedrooms
3 (2 + 1)
Bathrooms
3
Size
1400-1599
Cross streets
Yonge & Eglinton
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Exposure
East
Days on market
5
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY

Rooms

Dining RoomMain6.15 × 4.09 m

laminate · combined w/living · w/o to balcony

KitchenMain2.44 × 2.06 m

quartz counter · stainless steel appl · breakfast bar

Primary BedroomSecond4.01 × 3.00 m

3 pc ensuite · mirrored closet · w/o to balcony

Bedroom 2Second3.05 × 3.00 m

laminate · mirrored closet · double closet

Moe’s TakeTeam Asgarian · Broker
Below the wider set
$6,567/moest. value

Listed at $5,495/mo, this rental is tracking about 16% below a wider set of rentals, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.

There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.

Based on 66 similar rentals nearby, adjusted for size, beds, and baths.Median of 66 comparable active listings, adjusted for size, beds, and baths.

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 $3,350/mo
  • Size difference +$1,674/mo
  • Bathrooms +$100/mo
  • Adjusts to $5,124/mo

That comparable adjusts to $5,124/mo; the $6,567/mo estimate above is the median of all 66 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are my in-person call.

On schools, this address is zoned for North Toronto Collegiate Institute, 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.

On location, this is a very walkable address with everyday errands close by. Yonge St at Castlefield Ave is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$5,495/moBelow market$6,758/moAbove market

Total price vs nearby homes. Fair value about $6,567/mo, median of 66 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.

  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
  • Primary suite: a key comfort and resale feature.
  • Open-concept layout: modern, sought-after flow.
  • Value driver
  • Weigh carefully
  • Lifestyle
Comparable listingsCurrently listed nearby · asking prices
$3,430avg asking

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

3504-609 Sherbourne Street$3,9503609-609 Sherbourne Street$3,9001803-228 Bonis Avenue$3,200235-4001 Don Mills Road$3,000PH305-1 Lee Centre Drive$3,100

The 5 closest of 8 active listings nearby.

See all comparable homes
5,495This home3,9503,9003,2003,0003,100This home vs active comparables
Live market pulseActive comparables in Mount Pleasant West · median list $3K
67active listings nearby
5days on market

4 days longer than the Toronto average (1 days).

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Mount Pleasant West, 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.

Getting around

87/ 100

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: Yonge St at Castlefield Ave, about 67 m away

20+ transit stops9 grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

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

North St. James Town
$4K
Church-Yonge Corridor
$3K
Bay Street Corridor
$3K
Bayview Village
$2K
Kensington-Chinatown
$3K

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 John Fisher Junior Public School
85%
John Fisher Junior Public SchoolPublic · Elementary · 0.1 km awayHigher-rated than most nearby · 85% meet the provincial standard
Spectrum Alternative Senior SchoolEQAO results not published

Affordability & Mortgage

Affordability
$25/mo
$5KIncome needed
1.1×Price ÷ income
$6Weekly 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.

88%mortgage
Mortgage $25Property tax $3Total carry $28

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$23per month

Mortgage amount $4,396 · 4.14% over 25 years

$1,099Down payment (20.0%)
$4,396Loan before insurance
$0CMHC premium
$27Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$23
Property tax
$3
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$27

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

One-time closing costs

Ontario land transfer tax
$27
Toronto municipal land transfer tax
$27
Estimated closing costs
$55

Plus your down payment of $1,099. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$28/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

$2,642Total interest paid
$7,038Total of all payments
Principal $4,396 Interest $2,642
YearPrincipalInterestBalance
1$103$179$4,293
2$107$174$4,186
3$112$170$4,074
4$116$165$3,957
5$121$160$3,836
6$126$155$3,710
7$132$150$3,578
8$137$144$3,441
9$143$139$3,298
10$149$133$3,149
11$155$126$2,994
12$162$120$2,832
13$168$113$2,664
14$175$106$2,488
15$183$99$2,306
16$190$91$2,115
17$198$83$1,917
18$207$75$1,710
19$215$66$1,495
20$224$57$1,271
21$234$48$1,037
22$243$38$793
23$254$28$540
24$264$17$275
25$275$6$0

At the end of your 5-year term

Total paid over the term
$1,408
Principal paid down
$560
Interest paid
$848
Balance remaining
$3,836

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.

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