194 Sheldrake Boulevard, Toronto, ON
Mount Pleasant East, Toronto · MLS® C13779566
About this home
In short
- Welcome To This Newly Built Custom Home In Coveted Sherwood Park, Set On An Incredible 150-Ft-Deep Open Lot Ready For Your Imagination.
- Offering High Ceilings, Large Open Spaces And Exceptional Natural Light, This Home Delivers The Perfect Combination Of Modern Luxury, Function And Space.
- The Main Floor Boasts A Beautiful Open-Concept Layout Highlighted By Elegant Coffered Ceilings, Spacious Living And Dining Areas And A Sleek Eat-In Kitchen Featuring...
- Upstairs, The Stunning Primary Retreat Offers A Spa-Inspired Ensuite With Heated Floors And Wall-To-Wall Custom Built-In Cabinetry.
- The Lower Level Is Equally Impressive With Soaring Ceilings, A Large Recreation Room With Walk-Up To The Yard, Private Nanny Suite And Plenty Of Storage.
Welcome To This Newly Built Custom Home In Coveted Sherwood Park, Set On An Incredible 150-Ft-Deep Open Lot Ready For Your Imagination! Offering High Ceilings, Large Open Spaces And Exceptional Natural Light, This Home Delivers The Perfect Combination Of Modern Luxury, Function And Space. The Main Floor Boasts A Beautiful Open-Concept Layout Highlighted By Elegant Coffered Ceilings, Spacious Living And Dining Areas And A Sleek Eat-In Kitchen Featuring Custom Cabinetry, Quartz Countertops And Matching Backsplash. The Family Room Features Custom Built-Ins, An Electric Fireplace And Walkout To The Balcony And Landscaped Yard. Upstairs, The Stunning Primary Retreat Offers A Spa-Inspired Ensuite With Heated Floors And Wall-To-Wall Custom Built-In Cabinetry. Three Additional Bedrooms Provide Generous Space And Comfort. Two Convenient Laundry Areas-One Upstairs And One In The Basement-Offer Added Flexibility And Everyday Convenience. The Lower Level Is Equally Impressive With Soaring Ceilings, A Large Recreation Room With Walk-Up To The Yard, Private Nanny Suite And Plenty Of Storage. Additional Features Include A Solid Stone And Brick Exterior, High-Efficiency Mechanicals, In-Ground Irrigation, Landscape Lighting, Extensive Custom Millwork And A Garage With Epoxy Flooring. Perfectly Situated Just Steps From Sherwood Park And Summerhill Market With Quick Access To The Restaurants, Shops, Entertainment And Transit Of Yonge And Eglinton. Walking Distance To Top-Rated Schools, Zoned For Blythwood And North Toronto And Close To Some Of Toronto's Leading Private Schools. A Rare Opportunity To Own A Beautifully Finished Custom Home On An Exceptional Lot In One Of Toronto's Most Sought-After Neighbourhoods!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13779566
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 25 × 150 ft
- Cross streets
- Yonge and Eglinton
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $13,762 / 2025
- Days on market
- 36
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Rooms
electric fireplace · w/o to balcony · b/i bookcase
walk-up · electric fireplace · vinyl floor
hardwood floor · picture window · coffered ceiling(s)
laundry sink · porcelain floor
vinyl floor · above grade window
combined w/living · picture window · pot lights
ensuite bath · double closet · hardwood floor
double closet · hardwood floor · picture window
centre island · open concept · quartz counter
ensuite bath · his and hers closets · bay window
double closet · picture window · hardwood floor
Listed at $3,199,000. Going by how homes in Mount Pleasant East and the wider GTA have actually closed against their asking prices (about 99%, 17 local closings in 90 days), the likely sale price is near $3.17M, if it sells. A realistic range is $2.97M to $3.57M.
Independent value check: $3.11M. Without looking at the asking price, our model values the home itself about 3% below the ask (homes like it typically land between $2.91M and $3.25M).
Why $3.11M. The typical detached home sold in Mount Pleasant East over the past year went for about $1.99M (70 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $13,762 a year; the typical home sold here pays about $9,800.
- ▲ Raises it strongly4+1 bedrooms and 5 baths, against 3+1 and 3 typically.
- ▲ Raises itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
Longer on the market than typical. 36 days on the market against about 21 for homes like it here, and asking 3% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $3.17M, from 17 recent closings in this pocket.
The market behind the math:
About 0.9 months of inventory: 5 detached homes for sale in the area against 17 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,422/sqft against an area asking average of $1,179/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. In Mount Pleasant East basements rarely rent out (7 of 100 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.
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 17 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.21M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- 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
- Primary suite: a key comfort and resale feature. Lifestyle
Schools & getting aroundcatchment and transit
On schools, this address is zoned for North Toronto Collegiate Institute, 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 17 comparable homes that sold in Mount Pleasant East over the past two years, from 134 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 $1,214/sqft; this home lists at $1,422/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Mount Pleasant East: $2.02M in September 2026, down 6% from a year ago, on 68 closings in 9 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 | $2.14M | 7 |
| February 2026 | $2.10M | 5 |
| March 2026 | $1.92M | 8 |
| April 2026 | $2.22M | 6 |
| May 2026 | $1.91M | 8 |
| June 2026 | $1.61M | 14 |
| July 2026 | $1.74M | 7 |
| August 2026 | $2.20M | 5 |
| September 2026 | $2.02M | 8 |
Neighbourhood & location
Mount Pleasant 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 21, 2026); conventional rates run a little higher.
Mortgage amount $2,559,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,150
- Property tax
- $1,147
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,297
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $66,450
- Toronto municipal land transfer tax
- $68,440
- Estimated closing costs
- $134,890
Plus your down payment of $639,800. 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
- $849,015
- Principal paid down
- $312,687
- Interest paid
- $536,328
- Balance remaining
- $2,246,513
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 Mount Pleasant East basements rarely rent out (7 of 100 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 32 whole-home leases in Mount Pleasant East signed at a median of $7,008 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,329. 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 HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.