588 Conacher Drive, Toronto, ON
Newtonbrook East, Toronto · MLS® C13763720
About this home
In short
- Welcome to 588 Conacher Dr, a luxurious custom-built residence nestled in a quiet, prestigious, and highly walkable pocket of Newtonbrook.
- Offering nearly 5,500 sq. ft. of total living space, including approximately 4,000 sq. ft. above grade and a professionally finished walk-out basement, this...
- This distinctive North York residence features 4+1 bedrooms and thoughtfully designed spaces for everyday living and entertaining.
- Upstairs, the generous primary retreat features a spacious ensuite, alongside three additional bedrooms and versatile space for a home office or study.
- Step outside to enjoy the expansive backyard and large swimming pool, creating an exceptional setting for summer entertaining, family gatherings and outdoor relaxation.
Welcome to 588 Conacher Dr, a luxurious custom-built residence nestled in a quiet, prestigious, and highly walkable pocket of Newtonbrook. Offering nearly 5,500 sq. ft. of total living space, including approximately 4,000 sq. ft. above grade and a professionally finished walk-out basement, this exceptional home showcases thoughtful design, fine craftsmanship, and premium finishes, blending modern elegance with everyday comfort and versatility. This distinctive North York residence features 4+1 bedrooms and thoughtfully designed spaces for everyday living and entertaining. Expansive windows fill the interiors with natural light, while an open-riser staircase with glass railings creates an impressive architectural focal point. Generous principal rooms provide ample space to gather, with a statement fireplace and built-in shelving adding warmth and character. The spacious kitchen features a large centre island, extensive cabinetry and a gas range, complemented by a separate dining area. Upstairs, the generous primary retreat features a spacious ensuite, alongside three additional bedrooms and versatile space for a home office or study. A balcony and mature greenery add to the home's appeal. The finished lower level extends the living space with an expansive recreation room, wet bar, additional bedroom and bathroom. Step outside to enjoy the expansive backyard and large swimming pool, creating an exceptional setting for summer entertaining, family gatherings and outdoor relaxation. A distinctive home offering contemporary style, generous proportions and room to grow.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13763720
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 51.25 × 148 ft
- Cross streets
- Bayview / Cummer
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $18,219 / 2025
- Days on market
- 36
- Listing brokerage
- SMART SOLD REALTY
Rooms
hardwood floor · gas fireplace · b/i shelves
breakfast area · pantry · w/o to yard
ceramic floor · gas fireplace · halogen lighting
5 pc ensuite · hardwood floor · closet organizers
4 pc ensuite · hardwood floor · walk-in closet(s)
4 pc ensuite · hardwood floor · closet organizers
4 pc bath · above grade window · closet organizers
hardwood floor · open concept · halogen lighting
hardwood floor · halogen lighting · closet organizers
hardwood floor · w/o to balcony
gas fireplace · b/i shelves · w/o to patio
6 pc ensuite · hardwood floor · walk-in closet(s)
Listed at $2,880,000. Going by how homes in Newtonbrook East and the wider GTA have actually closed against their asking prices (about 96%, 22 local closings in 90 days), the likely sale price is near $2.77M, if it sells. A realistic range is $2.59M to $3.12M.
Independent value check: $2.83M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $2.65M and $2.96M).
Why $2.83M. The typical detached home sold in Newtonbrook East over the past year went for about $1.38M (86 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $18,219 a year; the typical home sold here pays about $8,800.
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises it4+1 bedrooms and 5 baths, against 4+1 and 3 typically.
Total price vs nearby homes. Likely closing about $2.77M, from 22 recent closings in this pocket.
The market behind the math:
About 1.2 months of inventory: 9 detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $678/sqft against an area asking average of $780/sqft.
- 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 Newtonbrook East: 38 of the 210 detached leases here lately were basement units, around $1,800 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.54M. Condition and finishes remain an in-person call.
What the listing highlights3 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
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 22 comparable homes that sold in Newtonbrook East over the past two years, from 145 closings there.
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $781/sqft; this home lists at $678/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Newtonbrook East: $1.25M in September 2026, down 17% from a year ago, on 69 closings in 8 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.43M | 5 |
| March 2026 | $1.40M | 11 |
| April 2026 | $2.25M | 7 |
| May 2026 | $1.38M | 15 |
| June 2026 | $1.31M | 7 |
| July 2026 | $1.30M | 7 |
| August 2026 | $1.28M | 9 |
| September 2026 | $1.25M | 8 |
Neighbourhood & location
Newtonbrook 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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $2,304,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,739
- Property tax
- $1,518
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $14,257
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $58,475
- Toronto municipal land transfer tax
- $58,475
- Estimated closing costs
- $116,950
Plus your down payment of $576,000. 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
- $764,353
- Principal paid down
- $281,506
- Interest paid
- $482,846
- Balance remaining
- $2,022,494
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 Newtonbrook East (38 of 210 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 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 13 whole-home leases in Newtonbrook East signed at a median of $6,878 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,554. 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 SMART SOLD REALTY. MLS®/PropTx.