22 Heathview Avenue, Toronto, ON
Bayview Village, Toronto · MLS® C13683552
About this home
Fully Renovated 6-Bedroom Bungalow on a Private Ravine Lot! Fully renovated throughout since June 2026, this bright and spacious 6-bedroom bungalow offers exceptional living space, quality finishes, and a spectacular ravine setting. Featuring 4 spacious bedrooms on the main floor, top-of-the-line engineered hardwood flooring throughout all levels, all-new windows, and a custom kitchen and bathrooms with beautiful Quartz countertops. Pot lighting and two wood-burning fireplaces add warmth and ambiance throughout the home. The ground level offers 2 additional spacious bedrooms, an open games room and a large recreation room with a walkout to your private backyard oasis, complete with a fully fenced Gunite in ground pool overlooking a beautiful forested ravine. All situated on a private 60' x 155' ravine lot, offering the perfect combination of space, privacy and nature. A truly exceptional home that has been completely transformed and is ready to enjoy!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13683552
- Bedrooms
- 6
- Bathrooms
- 3
- Size
- 3000-3500
- Lot
- 60.05 × 145.19 ft
- Cross streets
- E of Bayview Ave, S of Finch
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $13,128 / 2026
- Listing brokerage
- RE/MAX REALTY SPECIALISTS INC.
Listed at $2,988,000, and my independent estimate is tracking about 10% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal.
In Bayview Village lately, sellers get about 95% of asking; homes sell in ~37 days.
Total price vs nearby homes. Fair value about $3.33M, median of 8 comparables.
- 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.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 8 most comparable recent listings 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 listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $2.58M, lower than the comparables and worth a second look.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
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
Below comparable homes on total price, yet the price per square foot ($919/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 8 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 4% below the area average of $954/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & 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.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $2,390,400 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,887
- Property tax
- $1,094
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,981
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $61,175
- Toronto municipal land transfer tax
- $61,175
- Estimated closing costs
- $122,350
Plus your down payment of $597,600. 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
- $773,215
- Principal paid down
- $300,850
- Interest paid
- $472,365
- Balance remaining
- $2,089,550
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 RE/MAX REALTY SPECIALISTS INC.. MLS®/PropTx.