178 Blythwood Road, Toronto, ON
Lawrence Park South, Toronto · MLS® C13785818
About this home
In short
- Exceptional opportunity to secure a prime 70 by 200 foot lot in prestigious Lawrence Park South.
- This property comes with unanimous Committee of Adjustment approval for a spectacular luxury residence offering approximately 7,842 square feet of total living space...
- Set in an architecturally significant, family-friendly neighbourhood, the property backs onto a ravine with mature trees, offering a calm and private setting while...
- Fine dining, boutique shopping, and convenient access to downtown and Highway 401 further enhance the location.
Exceptional opportunity to secure a prime 70 by 200 foot lot in prestigious Lawrence Park South. This property comes with unanimous Committee of Adjustment approval for a spectacular luxury residence offering approximately 7,842 square feet of total living space, including a 5,234 square foot above-grade plan and a 2,608 square foot walkout lower level.The approved exterior footprint and front elevation are already in place, giving buyers a valuable head start on the building process. For those who prefer a smaller residence, the home can also be scaled back to better suit your family's needs and lifestyle.The listing is strictly for the land. Construction of the home is at the buyer's expense. Buyers have the opportunity to create a fully customized interior within the approved exterior design, allowing for a residence tailored entirely to their own preferences.Set in an architecturally significant, family-friendly neighbourhood, the property backs onto a ravine with mature trees, offering a calm and private setting while still providing easy access to the conveniences of Yonge Street.Nearby top-rated schools include John Wanless Jr. PS, Lawrence Park Collegiate, Havergal, Crescent, and Toronto French School. Fine dining, boutique shopping, and convenient access to downtown and Highway 401 further enhance the location.A rare opportunity to create a bespoke estate on an exceptional lot in one of Toronto's most desirable neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13785818
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 70 × 200 ft
- Cross streets
- Mt Pleasant/Blythwood
- Parking
- 2 garage · 6 parking (carport)
- Basement
- Full
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $15,934 / 2025
- Days on market
- 34
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Listed at $3,800,000. Going by how homes in Lawrence Park South and the wider GTA have actually closed against their asking prices (about 97%, 20 local closings in 90 days), the likely sale price is near $3.68M, if it sells. A realistic range is $3.45M to $4.15M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The listing describes about 7,842 sq ft, while the size on record is 1500 to 2000 sq ft.
Total price vs nearby homes. Likely closing about $3.68M, from 20 recent closings in this pocket.
The market behind the math:
About 0.9 months of inventory: 6 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $2,171/sqft against an area asking average of $1,278/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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.36M. Condition and finishes remain an in-person call.
What the listing highlights1 point 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
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Lawrence Park 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 20 comparable homes that sold in Lawrence Park South over the past two years, from 205 closings there.
Nothing 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 $2.71M, which is where my estimate comes from.
Per square foot, these ask about $1,224/sqft; this home lists at $2,171/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 Lawrence Park South: $2.31M in September 2026, down 13% from a year ago, on 97 closings in 10 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 | $2.80M | 11 |
| November 2025 | $2.33M | 6 |
| February 2026 | $3.05M | 5 |
| March 2026 | $2.51M | 5 |
| April 2026 | $2.90M | 17 |
| May 2026 | $2.87M | 20 |
| June 2026 | $2.60M | 13 |
| July 2026 | $2.69M | 6 |
| August 2026 | $1.92M | 6 |
| September 2026 | $2.31M | 8 |
Neighbourhood & location
Lawrence Park South, 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 20, 2026); conventional rates run a little higher.
Mortgage amount $3,040,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,809
- Property tax
- $1,328
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $18,137
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $81,475
- Toronto municipal land transfer tax
- $89,475
- Estimated closing costs
- $170,950
Plus your down payment of $760,000. 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
- $1,008,521
- Principal paid down
- $371,432
- Interest paid
- $637,089
- Balance remaining
- $2,668,568
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 17 whole-home leases in Lawrence Park South signed at a median of $5,708 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,989. 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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.