42 Mansfield Avenue, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13673246
About this home
Incredibly rare opportunity, corner lot fourplex in the heart of Trinity-Bellwoods with plentiful outdoor space just 200 m south of College St. 4,288 sqft in total (unit sizes range from 1,250 to 815 sqft). All four units are large, bright, windows along 2 street frontages, separately metered, en-suite laundry with exterior entrances to each unit. 2 units just finished top to bottom renovations, while one unit is recently renovated with excellent tenants. Incredible cash flowing opportunity.The property is very well maintained and tastefully updated. Extensive list of updates. This property is a must see and tremendous value.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- C13673246
- Bedrooms
- 7
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 32.56 × 67.92 ft
- Cross streets
- College St/ Bathurst Street
- Parking
- 1 parking
- Basement
- Unfinished
- Heating
- Radiant
- A/C
- Window Unit(s)
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $13,026 / 2025
- Listing brokerage
- KELLER WILLIAMS REALTY CENTRES
Rooms
large window · ceiling fan(s)
ceiling fan(s) · closet
stainless steel appl · ceiling fan(s)
ceiling fan(s) · closet
Listed at $2,275,000, and my independent estimate is within the range of comparable homes, on the higher side.
In Trinity-Bellwoods lately, sellers get about 101% of asking; homes sell in ~29 days · prices down 2% YoY.
Total price vs nearby homes. Fair value about $2.03M, median of 32 comparables.
How this estimate is builtthe short version
I take the 32 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), 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 $2.25M, a bit higher.
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
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Schools & getting aroundcatchment and transit
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.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Trinity-Bellwoods, so I widened the search to the surrounding area.
Based on 32 comparable homes that recently sold nearby.
Price 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 4.04% via Ratehub.ca (as of August 13, 2026); conventional rates run a little higher.
Mortgage amount $1,820,000 · 4.19% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,762
- Property tax
- $1,086
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,847
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,350
- Toronto municipal land transfer tax
- $43,350
- Estimated closing costs
- $86,700
Plus your down payment of $455,000. 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
- $585,717
- Principal paid down
- $230,416
- Interest paid
- $355,300
- Balance remaining
- $1,589,584
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 KELLER WILLIAMS REALTY CENTRES. MLS®/PropTx.