120 Homewood Avenue, Toronto, ON
Newtonbrook West, Toronto · MLS® C13771716
About this home
In short
- Exquisite & Masterfully Custom Built.
- Showcasing A Stunning Over 4200 Sqft (1st/2nd Flrs) Plus Professionally Fin.
- Very High Ceilings On All Floors, Extensive Use Panelled Wall & Built-Ins, Mirror Accent, Hardwood & Marble Floors, Coffered/Vaulted Ceilings, Modern Led Pot Lights &...
- 3 Fireplaces & 3 Skylights & 2 Laundry Rms.
- Gourmet Kitchen W/Quality Cabinets & High-End S/S Appliances.
Exquisite & Masterfully Custom Built! Showcasing A Stunning Over 4200 Sqft (1st/2nd Flrs) Plus Professionally Fin. W/O Bsmt Of Luxury Living W/Designer Upgrades Throughout. Spent Lavishly On Detail & Material! Very High Ceilings On All Floors, Extensive Use Panelled Wall & Built-Ins, Mirror Accent, Hardwood & Marble Floors, Coffered/Vaulted Ceilings, Modern Led Pot Lights & Roplits, Layers Of Moulding, High-End Custom Blinds, Mahogany Library & Main Dr. 3 Fireplaces & 3 Skylights & 2 Laundry Rms. Solid Tall Doors! Breathtaking Master: Fireplace & 7Pc Ensuit & W/I Closets W/Custom Organizers!!. Gourmet Kitchen W/Quality Cabinets & High-End S/S Appliances. Prof Fin W/O Heated Flr Bsmnt: Wet Bar, H/Theater& Projector, Bdrm&3Pc Bath. Great Location Steps To Yonge St. & All Amenities! ****Enjoy the Virtual Tour!****
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13771716
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 131.92 ft
- Cross streets
- Yonge and Steeles
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private Double
- Basement
- Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $17,517 / 2025
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
heated floor · 3 pc bath · above grade window
hardwood floor · b/i shelves · gas fireplace
hardwood floor · 3 pc ensuite · walk-in closet(s)
heated floor · gas fireplace · wet bar
bay window · 7 pc ensuite · walk-in closet(s)
breakfast area · stainless steel appl · w/o to deck
hardwood floor · panelled · gas fireplace
hardwood floor · panelled · coffered ceiling(s)
b/i bookcase · panelled · vaulted ceiling(s)
hardwood floor · 4 pc ensuite · balcony
hardwood floor · 4 pc ensuite · walk-in closet(s)
Listed at $1,999,000. My estimate lands at $3.56M, so the ask sits about 44% below what comparable listings suggest. In this market a gap that wide is usually a strategic ask, or a listing whose details need a closer look; do not read it as a straight deal. 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: $3.78M. 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 $3.56M, median of 5 comparables.
The market behind the math:
Price per square foot: this home lists at $470/sqft against an area asking average of $1,136/sqft. Size and $/sqft both feed the estimate above.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 5 most comparable recent listings 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 listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $3.78M, a close match.
What the listing highlights3 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Jesse Ketchum Junior and Senior Public 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.
There were not many closely comparable homes right in Newtonbrook West, so I widened the search to the surrounding area.
Based on 5 comparable homes nearby.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $814/sqft; this home lists at $470/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Newtonbrook West, 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 $1,599,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,621
- Property tax
- $1,460
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,081
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Toronto municipal land transfer tax
- $36,455
- Estimated closing costs
- $72,910
Plus your down payment of $399,800. 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
- $517,288
- Principal paid down
- $201,272
- Interest paid
- $316,016
- Balance remaining
- $1,397,928
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.