228 Hollywood Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13678216
About this home
Prime Willowdale East redevelopment opportunity or investment! Well-maintained 1 1/2 storey home featuring a spectacular family room addition with high ceilings, gas fireplace, and walk-out to a patio. Prime 45' x 131' lot surrounded by multi-million dollar luxury custom homes. Features 4+1 bedrooms, finished basement with separate entrance, updated stucco exterior, 100-amp breakers, and a private driveway with detached garage. Live in, rent out, or plan your dream home in one of Toronto's most desirable neighborhoods. Steps to top-ranked Earl Haig SS, Hollywood PS, TTC/Subway bus, Bayview Village, and Hwy 401. Property and all chattels/fixtures sold in "As Is, Where Is" condition.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- C13678216
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4
- Size
- 1500-2000
- Lot
- 45 × 131 ft
- Cross streets
- Willowdale/Hollywood
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,865 / 2026
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
Closet
window · laminate
Window
window · walk-in closet(s) · laminate
laminate · gas fireplace · w/o to patio
Laminate
Window
broadloom · panelled
Window
closet · window
Listed at $1,508,000, and my independent estimate is right in line with comparable homes.
In Willowdale East lately, sellers get about 97% of asking; homes sell in ~38 days.
Total price vs nearby homes. Fair value about $1.58M, median of 27 comparables.
How this estimate is builtthe short version
I take the 27 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 $1.76M, a bit higher.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Hollywood Public 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.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Willowdale Ave at Elmwood Ave is about a 2-minute walk away.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Willowdale East, so I widened the search to the surrounding area.
Based on 27 comparable homes that recently sold nearby.
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 homesThis home lists 35% below the area average of $1,332/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Willowdale East, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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 OpenStreetMap contributors.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Willowdale Ave at Elmwood Ave, about 149 m away
Within a 15-minute (1.5 km) walk.
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 4.09% via Ratehub.ca (as of August 14, 2026); conventional rates run a little higher.
Mortgage amount $1,206,400 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,504
- Property tax
- $905
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,409
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,635
- Toronto municipal land transfer tax
- $26,635
- Estimated closing costs
- $53,270
Plus your down payment of $301,600. 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
- $390,230
- Principal paid down
- $151,835
- Interest paid
- $238,395
- Balance remaining
- $1,054,565
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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.