162 Byng Avenue, Toronto, ON
Willowdale East, Toronto · MLS® C13748276
About this home
In short
- Experience exceptional space, style and functionality in this fully renovated 5+1 bedroom detached home, ideally situated in the prime Willowdale East location.
- Over $200,000 invested in extensive upgrades, including a brand-new designer kitchen, beautifully renovated washrooms, engineered hardwood flooring, a new staircase...
- The main floor features a bright open-concept layout with spacious living, dining and family areas, ideal for both everyday living and entertaining.
- The walk-out basement features three bedrooms, a full kitchen, washroom and separate laundry, and has been rented with stable monthly income.
Experience exceptional space, style and functionality in this fully renovated 5+1 bedroom detached home, ideally situated in the prime Willowdale East location. Over $200,000 invested in extensive upgrades, including a brand-new designer kitchen, beautifully renovated washrooms, engineered hardwood flooring, a new staircase, fresh paint and contemporary finishes throughout. The main floor features a bright open-concept layout with spacious living, dining and family areas, ideal for both everyday living and entertaining. The rare and highly functional floor plan offers five bedrooms on the upper level and excellent flexibility for a growing or multi-generational family. The walk-out basement features three bedrooms, a full kitchen, washroom and separate laundry, and has been rented with stable monthly income. Conveniently located near top schools, parks, transit, shopping, restaurants and everyday amenities. A turnkey home combining modern finishes, exceptional space, a prime location and added rental value.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13748276
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 45.5 × 120 ft
- Cross streets
- Willowdale/Finch
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $12,925 / 2025
- Days on market
- 6
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
hardwood floor · semi ensuite
hardwood floor · pot lights · crown moulding
hardwood floor · semi ensuite
hardwood floor · 5 pc ensuite · walk-in closet(s)
granite floor · eat-in kitchen · w/o to garden
hardwood floor · closet
tile floor · above grade window · w/o to yard
above grade window · closet
hardwood floor · closet
Above Grade Window
hardwood floor · fireplace · overlooks garden
hardwood floor · bay window · pot lights
Above Grade Window
hardwood floor · window
Listed at $2,580,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $2.55M, typically $2.18M to $2.90M. Comparable closings on their own put this home around $2.49M, which agrees with the ask, so this is a firm read.
Second read, from the city assessment: $2.11M. That is about 15% below the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $2.55M, median of 114 comparables.
The market behind the math:
About 2.1 months of inventory: 26 detached homes for sale in the area against 37 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $794/sqft against an area asking average of $820/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. Basements do rent in Willowdale East: 32 of the 231 detached leases here lately were basement units, around $2,150 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 114 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 $2.11M, a bit lower.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- 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
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Earl Haig Secondary School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 114 comparable homes that sold in Willowdale East over the past two years, from 214 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $746/sqft; this home lists at $794/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Willowdale 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
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 September 11, 2026); conventional rates run a little higher.
Mortgage amount $2,064,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,127
- Property tax
- $1,077
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,204
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $50,975
- Toronto municipal land transfer tax
- $50,975
- Estimated closing costs
- $101,950
Plus your down payment of $516,000. 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
- $667,635
- Principal paid down
- $259,770
- Interest paid
- $407,865
- Balance remaining
- $1,804,230
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 Willowdale East (32 of 231 recent detached leases were basement units, around $2,150 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,150 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 49 whole-home leases in Willowdale East signed at a median of $7,771 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,113. 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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.