40 Summerhill Gardens, Toronto, ON
Rosedale-Moore Park, Toronto · MLS® C13779840
About this home
In short
- 40 Summerhill Gardens, an exceptional offering in the prestigious Summerhill & Yonge neighbourhood - where refined design meets the serenity of ravine living.
- A warm gas fireplace anchors the living space, while the open-concept layout flows effortlessly through the living, dining, and family areas.
- A standout home office, framed by a picturesque ravine backdrop, creates an inspiring work-from-home environment.
- Outdoors, a spacious deck provides a tranquil setting for entertaining or unwinding, surrounded by lush ravine views.
- With parking for three vehicles, including a private garage, and just steps to transit, upscale shops, and acclaimed dining, this residence offers a rare blend of...
40 Summerhill Gardens, an exceptional offering in the prestigious Summerhill & Yonge neighbourhood - where refined design meets the serenity of ravine living. This architecturally striking residence offers approximately 4,000 square feet above grade, thoughtfully designed to deliver both elegance and functionality across every level. The main floor unfolds with seamless sophistication, featuring expansive principal rooms ideal for both everyday living and upscale entertaining. A warm gas fireplace anchors the living space, while the open-concept layout flows effortlessly through the living, dining, and family areas. The chef-inspired kitchen is appointed with premium stainless steel appliances, sleek finishes, and ample workspace, perfectly suited for hosting or quiet family meals. Designed with privacy and versatility in mind, the home's 3+2 bedroom, 5 bathroom layout spans multiple levels, offering well-defined spaces for relaxation, work, and recreation. A standout home office, framed by a picturesque ravine backdrop, creates an inspiring work-from-home environment. The primary suite is a true retreat, complete with a spa-like 6-piece ensuite and generous proportions. Additional features include a fully customized home gym, a stylish and functional mudroom, and beautifully appointed secondary bedrooms. Outdoors, a spacious deck provides a tranquil setting for entertaining or unwinding, surrounded by lush ravine views. With parking for three vehicles, including a private garage, and just steps to transit, upscale shops, and acclaimed dining, this residence offers a rare blend of urban convenience and natural beauty-an extraordinary opportunity in one of Toronto's most sought-after enclaves.
Key facts
- Property type
- Semi-Detached, 3-Storey
- MLS®
- C13779840
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 5 (2 half)
- Size
- 3500-5000 sq ft
- Lot
- 24.7 × 102 ft
- Cross streets
- Summerhill and Yonge
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $17,693 / 2025
- Days on market
- 15
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
2 Pc Bath
hardwood floor · centre island · combined w/family
3 pc bath · tile floor
double closet · mirrored walls · halogen lighting
broadloom · 6 pc ensuite · overlooks ravine
hardwood floor · crown moulding · halogen lighting
broadloom · w/o to balcony · window
4 pc bath · skylight · stone floor
hardwood floor · bay window · combined w/dining
combined w/laundry · stone floor · side door
broadloom · b/i bookcase · picture window
broadloom · double closet · window
hardwood floor · w/o to ravine · fireplace
broadloom · b/i bookcase · window
Listed at $3,895,000. Going by how homes in Rosedale-Moore Park and the wider GTA have actually closed against their asking prices (about 98%, 5 local closings in 90 days), the likely sale price is near $3.81M, if it sells. A realistic range is $3.57M to $4.30M.
Independent value check: $3.80M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $3.56M and $3.99M).
Why $3.80M. The typical semi-detached home sold in Rosedale-Moore Park over the past year went for about $2.79M (24 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $17,693 a year; the typical home sold here pays about $14,100.
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises it3+2 bedrooms and 5 baths, against 3+1 and 4 typically.
Total price vs nearby homes. Likely closing about $3.81M, from 5 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 5 semi-detached homes for sale in the area against 5 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $916/sqft against an area asking average of $1,465/sqft.
- 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
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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $3.40M. 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (Deer Park 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 Rosedale-Moore Park, so I widened the search to the surrounding area.
Based on 3 homes sold on this street over the past two years, plus 2 nearby in Rosedale-Moore Park, from 45 closings in Rosedale-Moore Park.
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $3.80M, which is where my estimate comes from.
Per square foot, these ask about $1,465/sqft; this home lists at $916/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesNeighbourhood & location
Rosedale-Moore Park, 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 September 30, 2026); conventional rates run a little higher.
Mortgage amount $3,116,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17,229
- Property tax
- $1,474
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $18,703
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $83,850
- Toronto municipal land transfer tax
- $92,800
- Estimated closing costs
- $176,650
Plus your down payment of $779,000. 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
- $1,033,734
- Principal paid down
- $380,718
- Interest paid
- $653,016
- Balance remaining
- $2,735,282
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 5 whole-home leases in Rosedale-Moore Park signed at a median of $10,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $13,600. 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 CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.