39 Heathview Avenue, Toronto, ON
Bayview Village, Toronto · MLS® C13571346
About this home
In short
- Welcome To An Exceptional Opportunity In The Prestigious Bayview Village Community.
- Situated On A Rare Premium 51 X 130 Ft Lot, This 3-Bedroom, 3-Bathroom Residence Offers Endless Potential To Renovate, Expand, Or Build A Stunning Custom Dream Home...
- Enjoy The Perfect Balance Of Luxury Neighborhood Living And Urban Convenience Just Minutes To Bayview Village Shopping Centre, Top-Rated Schools, Parks, Subway...
Welcome To An Exceptional Opportunity In The Prestigious Bayview Village Community! Situated On A Rare Premium 51 X 130 Ft Lot, This 3-Bedroom, 3-Bathroom Residence Offers Endless Potential To Renovate, Expand, Or Build A Stunning Custom Dream Home Among New Multi-Million-Dollar Properties On One Of North York's Most Desirable Streets. Whether You Are An End-User, Investor, Or Builder, This Is The Kind Of Property Buyers Wait Years For. Enjoy The Perfect Balance Of Luxury Neighborhood Living And Urban Convenience Just Minutes To Bayview Village Shopping Centre, Top-Rated Schools, Parks, Subway Transit, Fine Dining, Grocery Stores, And Quick Access To The DVP And Hwy 401. Surrounded By Mature Trees, Prestigious Homes, And Exciting Redevelopment In The Area, This Property Presents An Extraordinary Opportunity To Secure Prime Real Estate In One Of Toronto's Most Sought-After Communities. Rarely Offered And Full Of Future Potential, This Is A Property That Truly Stands Out.
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- C13571346
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 51.5 × 130 ft
- Cross streets
- Bayview & Finch
- Parking
- 1.5 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Other
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $9,342 / 2025
- Days on market
- 57
- Listing brokerage
- RIGHT AT HOME REALTY
Listed at $1,550,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.51M, typically $1.36M to $1.74M. Comparable closings on their own put this home around $1.41M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
Second read, from the city assessment: $1.46M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.51M, median of 39 comparables.
The market behind the math:
About 0.8 months of inventory: 5 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,192/sqft against an area asking average of $1,278/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 39 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), 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 $1.46M, 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
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.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Bayview Village, so I widened the search to the surrounding area.
Based on 39 comparable homes that sold in Bayview Village over the past two years, from 107 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,206/sqft; this home lists at $1,192/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Bayview Village, 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 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $1,240,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,685
- Property tax
- $779
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,463
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,475
- Toronto municipal land transfer tax
- $27,475
- Estimated closing costs
- $54,950
Plus your down payment of $310,000. 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
- $401,099
- Principal paid down
- $156,064
- Interest paid
- $245,035
- Balance remaining
- $1,083,936
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
The suite is real income here: basements rent in Bayview Village (20 of 136 recent detached leases were basement units, around $2,000 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,000 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 31 whole-home leases in Bayview Village signed at a median of $4,828 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,328. 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 RIGHT AT HOME REALTY. MLS®/PropTx.