553 Broadway Avenue, Toronto, ON
Leaside, Toronto · MLS® C13753904
About this home
In short
- This Leaside jewel has serious attention to detail everywhere you look.
- Ebony hardwood floors greet you on entry through the front living room and formal dining room.
- The gourmet kitchen with breakfast bar is combined with a family room which features a built-in entertainment wall, and there is also a casual dining area overlooking...
- On the second floor the primary bedroom features soaring ceilings, a Juliet balcony, 6 piece ensuite with steam shower and a generous walk-in closet.
This Leaside jewel has serious attention to detail everywhere you look. Classic finishes with design elements well integrated throughout the entire home create an elegant, serene flow from one exquisite space to the next. Ebony hardwood floors greet you on entry through the front living room and formal dining room. The gourmet kitchen with breakfast bar is combined with a family room which features a built-in entertainment wall, and there is also a casual dining area overlooking the walkout sundeck and stunning south facing landscaped yard. On the second floor the primary bedroom features soaring ceilings, a Juliet balcony, 6 piece ensuite with steam shower and a generous walk-in closet. There are also three more large bedrooms (all with ensuites) and convenient second floor laundry. The lower level is expansive and bright, with nine foot ceilings, a massive recreation room with a gas fireplace, walk-out to the yard and in-law/nanny suite optionality. As you walk through, it just feels like home. Not to be missed.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13753904
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 31 × 135 ft
- Cross streets
- Broadway/Laird
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $15,216 / 2026
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
hardwood floor · semi ensuite · double closet
hardwood floor · combined w/living · coffered ceiling(s)
juliette balcony · 6 pc ensuite · walk-in closet(s)
Concrete Floor
hardwood floor · centre island · breakfast bar
hardwood floor · open concept · w/o to deck
hardwood floor · centre island · breakfast bar
coffered ceiling(s) · 4 pc ensuite · closet organizers
broadloom · gas fireplace · wet bar
laundry sink · ceramic floor · pot lights
ceramic floor · laundry sink
Concrete Floor
hardwood floor · open concept · coffered ceiling(s)
coffered ceiling(s) · semi ensuite · closet
broadloom · 3 pc ensuite · closet
Listed at $3,550,000. My estimate lands at $2.62M, so the ask sits about 36% above what comparable sales suggest. A gap that wide can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look at what justifies it before you offer. Treat the figure as a starting point: tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Second read, from the city assessment: $3.11M. That is about 19% above 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 $2.62M, median of 109 comparables.
The market behind the math:
About 1.1 months of inventory: 9 detached homes for sale in the area against 24 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,578/sqft against an area asking average of $1,451/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 109 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 $3.11M, a bit higher.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Leaside High 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
There were not many closely comparable homes right in Leaside, so I widened the search to the surrounding area.
Based on 109 comparable homes that sold in Leaside over the past two years, from 222 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 $1,447/sqft; this home lists at $1,578/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Leaside, 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 8, 2026); conventional rates run a little higher.
Mortgage amount $2,840,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $15,311
- Property tax
- $1,268
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $16,579
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $75,225
- Toronto municipal land transfer tax
- $80,725
- Estimated closing costs
- $155,950
Plus your down payment of $710,000. 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
- $918,646
- Principal paid down
- $357,436
- Interest paid
- $561,210
- Balance remaining
- $2,482,564
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 36 whole-home leases in Leaside signed at a median of $8,257 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,107. 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 REAL ESTATE HOMEWARD. MLS®/PropTx.