42 Rykert Crescent, Toronto, ON
Leaside, Toronto · MLS® C13774530
About this home
In short
- Welcome to 42 Rykert Crescent, an exceptional opportunity in prestigious South Leaside, set onan extraordinarily rare 40 x 357 ft deep ravine lot a remarkable setting...
- The heart of the home is the newly renovated, oversized chef's kitchen, featuring two large islands, granite countertops, an expansive pantry, top-of-the-line...
- Upstairs, the expansive primary retreat features a walk-in closet and luxurious 6-piece ensuite, complemented by four additional bedrooms and beautifully renovated...
- Outside, enjoy the incredible depth and privacy of this ravine property, along with the convenience of a two-car garage and parking for up to six vehicles.
- A truly rare Leaside offering combining a spectacular ravine lot, substantial family home, extensive renovations andexceptional entertaining space - just minutes from...
Welcome to 42 Rykert Crescent, an exceptional opportunity in prestigious South Leaside, set onan extraordinarily rare 40 x 357 ft deep ravine lot a remarkable setting offering privacy, mature trees and a true retreat in the city. This impressive 5-bedroom, 6-bathroom residence offers approximately 3,390 sq. ft. above grade plus 1,648 sq. ft. of finished lower-levelspace, thoughtfully designed for both everyday family living and large-scale entertaining. The heart of the home is the newly renovated, oversized chef's kitchen, featuring two large islands, granite countertops, an expansive pantry, top-of-the-line appliances and extensive custom cabinetry and built-ins. The generous principal rooms include an elegant dining room, spacious living room with fireplace and built-ins, breakfast area and private main-floor office. Upstairs, the expansive primary retreat features a walk-in closet and luxurious 6-piece ensuite, complemented by four additional bedrooms and beautifully renovated bathrooms.The newly finished lower level extends the living space with a large recreation room with fireplace and built-ins, gym and additional bedroom. Outside, enjoy the incredible depth and privacy of this ravine property, along with the convenience of a two-car garage and parking for up to six vehicles. Additional features include extensive custom built-ins, hardwood flooring, central air and a security system with cameras. A truly rare Leaside offering combining a spectacular ravine lot, substantial family home, extensive renovations andexceptional entertaining space - just minutes from everything that makes Leaside one of Toronto's most sought-after neighborhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13774530
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 40 × 357 ft
- Cross streets
- Broadway Ave / Rykert Cres
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Other
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $18,109 / 2026
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
hardwood floor · closet
Hardwood Floor
hardwood floor · 4 pc bath
fireplace · built-in speakers
hardwood floor · 3 pc bath
fireplace · built-in speakers · hardwood floor
Hardwood Floor
hardwood floor · closet
centre island · pantry · hardwood floor
Hardwood Floor
walk-in closet(s) · 6 pc ensuite
Listed at $5,150,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $5.03M, typically $4.75M to $5.21M. Comparable listings on their own put this home around $4.76M, which agrees with the ask, so this is a firm read.
Second read, from the city assessment: $5.46M. 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 $5.03M, median of 5 comparables.
The market behind the math:
About 0.9 months of inventory: 7 detached homes for sale in the area against 23 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,585/sqft against an area asking average of $1,470/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. In Leaside basements rarely rent out (1 of 80 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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 $5.46M, 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
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
- 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.
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 $1,461/sqft; this home lists at $1,585/sqft. Size is part of the price story, not just the sticker.
The 5 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 11, 2026); conventional rates run a little higher.
Mortgage amount $4,120,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $22,211
- Property tax
- $1,509
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $23,720
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $115,225
- Toronto municipal land transfer tax
- $149,725
- Estimated closing costs
- $264,950
Plus your down payment of $1,030,000. 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
- $1,332,683
- Principal paid down
- $518,534
- Interest paid
- $814,149
- Balance remaining
- $3,601,466
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
About the suite: in Leaside basements rarely rent out (1 of 80 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 18 whole-home leases in Leaside signed at a median of $8,760 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $10,601. 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 ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.