24 Manning Avenue, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13597914
About this home
Here is a polished, high-impact version tailored around that exact opening line:Rare Trinity Bellwoods detached 4-plex with an absolutely STUNNING owner's suite! Spanning over 3,500 sq.ft. of living space just steps from Queen West and the Trinity Bellwoods Park 24 Manning Avenue offers an unmatched opportunity to reside in a premier downtown location while substantially offsetting your carrying costs. This versatile multi-unit property features a luxurious main-floor owner's suite alongside three quality tenants already in place to provide immediate, reliable income. Capital improvements offer complete peace of mind, highlighted by a newly finished basement unit and brand-new A/C units throughout. The owner's suite dazzles with historic elegance, boasting intricate plaster crown mouldings, a sunlit bay window, a spacious principal bedroom, and a seamless walkout to a tranquil urban Zen garden. Complete with a rare detached garage, you can live comfortably while building equity, or seamlessly convert this grand 2.5-storey Victorian beauty back into a massive single-family sanctuary. Historic character, prime location, and outstanding financial upside all in one package.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- C13597914
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4
- Size
- 2500-3000
- Lot
- 25 × 90.5 ft
- Cross streets
- Queen St W & Manning
- Parking
- 1 garage (detached)
- Basement
- Apartment, Separate Entrance
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,536 / 2026
- Listing brokerage
- TORONTO CENTRAL INC.
Rooms
Listed at $1,799,000, this home is about 29% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Trinity-Bellwoods lately, sellers have been getting about 104% of asking and homes sell in about 18 days.
There were not many closely comparable homes right in Trinity-Bellwoods, so I widened the search to the surrounding area.
Based on 16 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 16 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.70M, 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, sold for $2.70M
- Bathrooms −$30K
- Garage −$25K
- Adjusts to $2.65M
That comparable adjusts to $2.65M; the $2.55M estimate above is the median of all 16 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Charles G Fraser Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $2.55M, median of 16 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesPrice per square foot vs the area average.
Neighbourhood & location
Trinity-Bellwoods, 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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,439,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,680
- Property tax
- $711
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,391
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,455
- Toronto municipal land transfer tax
- $32,455
- Estimated closing costs
- $64,910
Plus your down payment of $359,800. 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
- $460,806
- Principal paid down
- $183,282
- Interest paid
- $277,524
- Balance remaining
- $1,255,918
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 TORONTO CENTRAL INC.. MLS®/PropTx.