56 Grangemill Crescent, Toronto, ON
Banbury-Don Mills, Toronto · MLS® C13770690
About this home
In short
- A Fresh Start at 56 Grangemill.
- A bright and spacious living and dining area with vaulted ceiling adds architectural character and an airy feel, while the eat-in kitchen and three bedrooms provide a...
- Set on a mature lot with a private backyard, carport and private drive.
- Ideally located close to excellent schools, parks and ravine trails, shopping, transit, major highways and all the amenities of Don Mills.
- A great opportunity for buyers, downsizers, renovators or builders looking for a home with plenty of potential in a well-established neighbourhood. some photos have...
New Look. New Price. A Fresh Start at 56 Grangemill! First time offered in over 60 years, this classic 3-bedroom bungalow has recently undergone a thoughtful refresh and is ready for its next owner. Freshly painted inside and out, with wallpaper and broadloom removed and new kitchen flooring, the home is brighter, cleaner and ready to enjoy while you plan what comes next. A bright and spacious living and dining area with vaulted ceiling adds architectural character and an airy feel, while the eat-in kitchen and three bedrooms provide a comfortable main-floor layout. The full lower level offers plenty of additional living space and possibilities. Move in, update over time, or bring your contractor and your vision! Set on a mature lot with a private backyard, carport and private drive. Ideally located close to excellent schools, parks and ravine trails, shopping, transit, major highways and all the amenities of Don Mills. A great opportunity for buyers, downsizers, renovators or builders looking for a home with plenty of potential in a well-established neighbourhood. ***some photos have been digitally altered with furniture added***
Key facts
- Property type
- Detached, Sidesplit
- MLS®
- C13770690
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 1100-1500 sq ft
- Lot
- 51 × 118.46 ft
- Cross streets
- York Mills and Leslie
- Parking
- 1 garage · 3 parking (carport)
- Basement
- Crawl Space, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,808 / 2026
- Listing brokerage
- SAGE REAL ESTATE LIMITED
Rooms
concrete floor · fireplace · above grade window
eat-in kitchen · galley kitchen · w/o to garage
hardwood floor · combined w/dining · w/o to garden
Concrete Floor
mirrored closet · hardwood floor · tile floor
hardwood floor · closet · window
concrete floor · combined w/workshop · combined w/laundry
hardwood floor · closet · window
hardwood floor · mirrored closet · window
hardwood floor · combined w/living · vaulted ceiling(s)
Listed at $1,595,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.52M, typically $1.32M to $1.67M. Comparable closings on their own put this home around $1.35M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
Second read, from the city assessment: $1.49M. 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 $1.52M, median of 39 comparables.
The market behind the math:
About 3.4 months of inventory: 24 detached homes for sale in the area against 21 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,227/sqft against an area asking average of $1,151/sqft. Size and $/sqft both feed the estimate above.
- 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.
How this estimate is builtthe short version
I take the 39 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 $1.49M, a close match.
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
- 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (York Mills Collegiate Institute) 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
There were not many closely comparable homes right in Banbury-Don Mills, so I widened the search to the surrounding area.
Based on 39 comparable homes that sold in Banbury-Don Mills over the past two years, from 162 closings there.
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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 $1.35M, which is where my estimate comes from.
Per square foot, these ask about $1,202/sqft; this home lists at $1,227/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Banbury-Don Mills, 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: 10 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 $1,276,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,879
- Property tax
- $734
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,613
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,375
- Toronto municipal land transfer tax
- $28,375
- Estimated closing costs
- $56,750
Plus your down payment of $319,000. 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
- $412,744
- Principal paid down
- $160,594
- Interest paid
- $252,149
- Balance remaining
- $1,115,406
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 45 whole-home leases in Banbury-Don Mills signed at a median of $4,006 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,627. 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 SAGE REAL ESTATE LIMITED. MLS®/PropTx.