198 Waterloo Avenue, Toronto, ON
Bathurst Manor, Toronto · MLS® C13705538
About this home
In short
- Charming and well-maintained bungalow located on a quiet street in a desirable central location.
- This inviting home has newly renovated kitchen and updated flooring.
- The finished basement features a separate private entrance and an abundance of natural light through large above-grade windows.
- 200-amp circuit breakers and a large double driveway
Charming and well-maintained bungalow located on a quiet street in a desirable central location. This inviting home has newly renovated kitchen and updated flooring. The finished basement features a separate private entrance and an abundance of natural light through large above-grade windows. Enjoy a generous recreation room with wet bar, plus a large bedroom with ample closet space and a comfortable sitting area. The basement also includes a separate laundry and furnace room and additional storage. 200-amp circuit breakers and a large double driveway
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13705538
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 52.21 × 115 ft
- Cross streets
- Sheppard/Wilmington
- Parking
- 1 garage · 2 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,936 / 2026
- Days on market
- 18
- Listing brokerage
- INTERNATIONAL REALTY FIRM, INC.
Rooms
Vinyl Floor
vinyl floor · mirrored closet
vinyl floor · south view · large window
tile floor · above grade window
wet bar · tile floor · above grade window
Vinyl Floor
tile floor · 3 pc bath · above grade window
tile floor · above grade window
vinyl floor · south view · large window
Vinyl Floor
Listed at $1,198,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.28M, typically $1.11M to $1.44M. Comparable closings on their own put this home around $1.46M, so the seller is asking less than the comparables suggest: either they want a quick, clean sale or something about the home is not in the comparables. Worth seeing before you offer.
Second read, from the city assessment: $1.45M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.28M, median of 61 comparables.
The market behind the math:
About 1.4 months of inventory: 7 detached homes for sale in the area against 15 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $685/sqft against an area asking average of $958/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 61 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), 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 $1.45M, 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (William Lyon Mackenzie Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 61 comparable homes that sold in Bathurst Manor over the past two years, from 111 closings there.
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 $1.46M, which is where my estimate comes from.
Per square foot, these ask about $987/sqft; this home lists at $685/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesNeighbourhood & location
Bathurst Manor, 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: 5 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 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $958,400 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,167
- Property tax
- $578
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,745
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,435
- Toronto municipal land transfer tax
- $20,435
- Estimated closing costs
- $40,870
Plus your down payment of $239,600. 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
- $310,011
- Principal paid down
- $120,622
- Interest paid
- $189,388
- Balance remaining
- $837,778
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 numbersThe last 26 whole-home leases in Bathurst Manor signed at a median of $4,603 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,639. 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 INTERNATIONAL REALTY FIRM, INC.. MLS®/PropTx.