245 Patricia Avenue, Toronto, ON
Newtonbrook West, Toronto · MLS® C13810314
About this home
In short
- Welcome to 245 Patricia Avenue.
- A newly built, truly one of a kind luxury residence in the heart of North York.
- This exceptional home offers a rare and highly versatile layout featuring two fully independent living units under one roof, plus a walk up basement and an impressive...
- Inside, you'll find modern, open concept living areas, sophisticated finishes, and contemporary architectural details that create a refined yet comfortable atmosphere.
Welcome to 245 Patricia Avenue. A newly built, truly one of a kind luxury residence in the heart of North York. This exceptional home offers a rare and highly versatile layout featuring two fully independent living units under one roof, plus a walk up basement and an impressive 4 car indoor garage.A designer home that seamlessly balances elegance with practicality, it showcases thoughtful planning and meticulous attention to detail. Every inch has been crafted for functionality, with abundant storage integrated throughout.Perfect for multi generational living, investors, or anyone seeking flexible living arrangements, this residence blends style, privacy, and utility in a single remarkable package.Inside, you'll find modern, open concept living areas, sophisticated finishes, and contemporary architectural details that create a refined yet comfortable atmosphere. Ideally situated in one of Toronto's most desirable neighbourhoods, the property offers close proximity to top rated schools, parks, shopping, dining, and convenient transit options along a vibrant corridor. Built-in 2023. A rare offering that combines luxury, innovative design, quality craftsmanship, and everyday practicality.A must see property.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13810314
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 8 (2 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 132 ft
- Cross streets
- Yonge St/Finch Ave
- Parking
- 4 garage · 8 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $17,000 / 2025
- Days on market
- 8
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
porcelain floor · picture window · combined w/dining
porcelain floor · breakfast area · open concept
hardwood floor · 3 pc bath · closet organizers
hardwood floor · open concept · walk-out
hardwood floor · 6 pc ensuite · walk-in closet(s)
porcelain floor · electric fireplace · walk-out
hardwood floor · 4 pc ensuite · closet organizers
hardwood floor · 5 pc ensuite · large closet
porcelain floor · large window
hardwood floor · open concept · access to garage
hardwood floor · open concept · overlooks frontyard
porcelain floor · pantry · open stairs
porcelain floor · 3 pc bath · walk-out
hardwood floor · 3 pc ensuite · closet
Listed at $3,288,000. Going by how homes in Newtonbrook West and the wider GTA have actually closed against their asking prices (about 98%, 18 local closings in 90 days), the likely sale price is near $3.22M, if it sells. A realistic range is $3.01M to $3.62M.
Independent value check: $2.82M. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $2.64M and $2.95M).
Why $2.82M. The typical detached home sold in Newtonbrook West over the past year went for about $1.19M (79 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $17,000 a year; the typical home sold here pays about $7,100.
- ▲ Raises it stronglyIt is 3,500 to 5,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it strongly5+1 bedrooms and 8 baths, against 3+1 and 3 typically.
- ▲ Raises it slightly4 garage and 8 total parking spaces, against 2 and 5 typically.
Total price vs nearby homes. Likely closing about $3.22M, from 18 recent closings in this pocket.
The market behind the math:
About 2.7 months of inventory: 16 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $774/sqft against an area asking average of $665/sqft.
- 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
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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.46M. Condition and finishes remain an in-person call.
What the listing highlights2 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
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is R J Lang Elementary and Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full 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 18 comparable homes that sold in Newtonbrook West over the past two years, from 139 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 $659/sqft; this home lists at $774/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 4.34% via Ratehub.ca (as of September 30, 2026); conventional rates run a little higher.
Mortgage amount $2,630,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,544
- Property tax
- $1,417
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,961
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $68,675
- Toronto municipal land transfer tax
- $71,555
- Estimated closing costs
- $140,230
Plus your down payment of $657,600. 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
- $872,636
- Principal paid down
- $321,386
- Interest paid
- $551,250
- Balance remaining
- $2,309,014
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 8 whole-home leases in Newtonbrook West signed at a median of $7,904 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,231. 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.