55 Hemford Crescent, Toronto, ON
Banbury-Don Mills, Toronto · MLS® C13812804
About this home
In short
- A spectacular opportunity in one of Toronto's most prestigious neighbourhoods.
- Live in this beautifully updated, charming home or undertake a major renovation, or design and build your dream residence on an extraordinary 15,000+ sq. ft. lot...
A spectacular opportunity in one of Toronto's most prestigious neighbourhoods. Live in this beautifully updated, charming home or undertake a major renovation, or design and build your dream residence on an extraordinary 15,000+ sq. ft. lot backing directly onto the scenic Don Mills Spur Line Trail. (Please see artist renderings attached.) Nestled on a quiet, highly sought-after crescent surrounded by multi-million dollar homes, this exceptional property offers endless possibilities. The existing home has been tastefully updated and features the rare advantage of a double-car garage plus parking for up to six vehicles. The expansive backyard rivals the area's finest parks, creating an incredibly private setting for family living and outdoor entertaining. Inside, the spacious living and dining rooms are ideal for hosting, while large picture windows fill the home with natural light and frame beautiful views of the lush gardens. Enjoy an outstanding family-friendly lifestyle just moments from top-rated schools, Bond Park (baseball, tennis, soccer), the Don Mills Spur Line Trail (for riding or walking), the public library, and the vibrant Shops at Don Mills. Boutique shopping, Metro, IndigoSpirit, Shoppers Drug Mart, VIP Cineplex, and an exceptional selection of casual and fine dining are all within easy reach. A truly rare offering to secure one of the area's largest lots in a premier location, combining exceptional lifestyle, natural surroundings, and outstanding future potential.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13812804
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 41.74 × 192.17 ft
- Cross streets
- Don Mills/Lawrence
- Parking
- 2 garage · 8 parking (detached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,113 / 2026
- Days on market
- 7
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
overlooks frontyard · stainless steel appl · led lighting
broadloom · led lighting · above grade window
porcelain floor · led lighting · open concept
open concept · hardwood floor · crown moulding
w/o to garden · fireplace · overlooks backyard
hardwood floor · overlooks backyard · closet
B/I Shelves
overlooks backyard · hardwood floor · double closet
broadloom · above grade window · walk-in closet(s)
porcelain floor · above grade window
hardwood floor · overlooks frontyard · closet organizers
Listed at $1,999,800. Going by how homes in Banbury-Don Mills and the wider GTA have actually closed against their asking prices (about 96%, 21 local closings in 90 days), the likely sale price is near $1.92M, if it sells. A realistic range is $1.80M to $2.17M.
Independent value check: $1.70M. Without looking at the asking price, our model values the home itself about 15% below the ask (homes like it typically land between $1.59M and $1.78M).
Why $1.70M. The typical detached home sold in Banbury-Don Mills over the past year went for about $2.30M (83 sales). What sets this one apart:
- ▼ Lowers it stronglyIt is 1,100 to 1,500 sq ft; the typical home sold here is 2,500 to 3,000.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $10,113 a year; the typical home sold here pays about $11,900.
- ▼ Lowers it3+1 bedrooms and 2 baths, against 4+1 and 4 typically.
- ▲ Raises it slightlyThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $1.92M, from 21 recent closings in this pocket.
The market behind the math:
About 1 months of inventory: 7 detached homes for sale in the area against 21 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,538/sqft against an area asking average of $1,328/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. In Banbury-Don Mills basements rarely rent out (7 of 155 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 21 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.67M. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Don Mills Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 21 comparable homes that sold in Banbury-Don Mills over the past two years, from 167 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 $1,315/sqft; this home lists at $1,538/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Banbury-Don Mills, 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: 11 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 $1,599,840 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,846
- Property tax
- $843
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,689
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,471
- Toronto municipal land transfer tax
- $36,471
- Estimated closing costs
- $72,942
Plus your down payment of $399,960. 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
- $530,747
- Principal paid down
- $195,471
- Interest paid
- $335,276
- Balance remaining
- $1,404,369
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 Banbury-Don Mills basements rarely rent out (7 of 155 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 48 whole-home leases in Banbury-Don Mills signed at a median of $4,191 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,928. 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 SIGNATURE REALTY. MLS®/PropTx.