49 Bowerbank Drive, Toronto, ON
Newtonbrook East, Toronto · MLS® C13653414
About this home
In short
- Exquisitely renovated,this stunning residence in the highly coveted Yonge/Finch neighbourhood delivers an exceptional blend of luxury,comfort,and lifestyle.
- Just steps to Yonge Street,transit,premier shopping,dining, and top-tier amenities,this home is perfectly positioned for families seeking both sophistication and...
- At the heart of the home lies a show-stopping chef's eat-in kitchen-a true culinary masterpiece-featuring a seamless walkout to the backyard and a spacious dining...
- Upstairs, retreat to three generously proportioned bedrooms with ample storage and a sleek,contemporary 4-piece bthrm designed with both style and functionality in mind.
- With a stunning backyard oasis,summer living will never be the same-an exceptional opportunity to own a home that beautifully blends country charm with vibrant city...
Exquisitely renovated,this stunning residence in the highly coveted Yonge/Finch neighbourhood delivers an exceptional blend of luxury,comfort,and lifestyle.Tucked away on a quiet,tree-lined street in one of Toronto's most vibrant and picturesque communities,this expansive family home backs onto a serene walking trail leading directly to the subway-offering a rare fusion of peaceful retreat and unmatched urban convenience.Just steps to Yonge Street,transit,premier shopping,dining, and top-tier amenities,this home is perfectly positioned for families seeking both sophistication and everyday ease.Set on a premium south-facing lot with no sidewalk,it boasts enhanced privacy, impressive curb appeal,and abundant natural sunlight throughout.At the heart of the home lies a show-stopping chef's eat-in kitchen-a true culinary masterpiece-featuring a seamless walkout to the backyard and a spacious dining area with its own separate walkout to an oversized deck, creating the ultimate indoor-outdoor entertaining experience.The inviting living room is anchored by large picture windows and a cozy fireplace, offering picturesque views of the beautifully landscaped front yard.The thoughtfully designed ground level includes a chic powder room, a versatile bedroom with walkout, a full bathroom with washer/dryer combo, and a flexible office space-perfect for modern family living, remote work, or multi-generational needs.Upstairs, retreat to three generously proportioned bedrooms with ample storage and a sleek,contemporary 4-piece bthrm designed with both style and functionality in mind.The fully finished lower level is a standout feature, offering incredible versatility with a bright, oversized recreation space, large windows, and a modern kitchen-ideal for in-law living, extended family, guests, or income potential.With a stunning backyard oasis,summer living will never be the same-an exceptional opportunity to own a home that beautifully blends country charm with vibrant city living.
Key facts
- Property type
- Detached, Sidesplit 4
- MLS®
- C13653414
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 50 × 120 ft
- Cross streets
- Yonge/Finch
- Parking
- 1 garage · 5 parking (built-in)
- Driveway
- Private
- Basement
- Separate Entrance, Finished, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,583 / 2025
- Days on market
- 69
- Listing brokerage
- HOUSSPRO DL REALTY
Rooms
walk-out · overlooks backyard
picture window · overlooks backyard · closet
overlooks frontyard · fireplace · picture window
window · overlooks frontyard · renovated
combined w/dining · eat-in kitchen · open concept
double closet · overlooks backyard · picture window
double closet · picture window · casement windows
walk-out · overlooks backyard · open concept
eat-in kitchen · stainless steel appl · walk-out
double closet · picture window · overlooks frontyard
Listed at $1,338,800. 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 $1.29M, if it sells. A realistic range is $1.21M to $1.45M.
Independent value check: $1.18M. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $1.11M and $1.24M).
Why $1.18M. The typical detached home sold in Newtonbrook East over the past year went for about $1.38M (86 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $6,583 a year; the typical home sold here pays about $8,800.
- ▲ Raises it4+2 bedrooms and 4 baths, against 4+1 and 3 typically.
- ▼ Lowers it slightly1 garage and 5 total parking spaces, against 2 and 6 typically.
Longer on the market than typical. 69 days on the market against about 39 for homes like it here, and asking 13% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.29M, from 22 recent closings in this pocket.
The market behind the math:
About 5.5 months of inventory: 40 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 $765/sqft against an area asking average of $831/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Newtonbrook East: 38 of the 210 detached leases here lately were basement units, around $1,800 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. A premium that comparable-sales math under-prices, so read the estimate as a floor.
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 $1.14M. Condition and finishes remain an in-person call.
What the listing highlights4 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
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 ($765/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Newtonbrook East, so I widened the search to the surrounding area.
Based on 22 comparable homes that sold in Newtonbrook East over the past two years, from 145 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.18M, which is where my estimate comes from.
Per square foot, these ask about $847/sqft; this home lists at $765/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
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 $1,071,040 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,922
- Property tax
- $549
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,471
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,251
- Toronto municipal land transfer tax
- $23,251
- Estimated closing costs
- $46,502
Plus your down payment of $267,760. 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
- $355,318
- Principal paid down
- $130,861
- Interest paid
- $224,457
- Balance remaining
- $940,179
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 Newtonbrook East (38 of 210 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 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 29 whole-home leases in Newtonbrook East signed at a median of $4,115 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,190. 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 HOUSSPRO DL REALTY. MLS®/PropTx.