38 Devondale Avenue, Toronto, ON
Newtonbrook West, Toronto · MLS® C13813174
About this home
In short
- A True Masterpiece of Luxury and Elegance This exquisite 5+2 bedroom, 6-bathroom residence showcases bespoke upgrades throughout and sits on a premium 62 x 120 ft lot...
- Featuring soaring 10-foot ceilings on the main floor, rich hardwood flooring, and a thoughtfully designed layout, this home is perfect for growing or extended families.
- The custom-designed kitchen boasts quartz countertops, stainless steel appliances, a walk-in pantry, and a built-in coffee station ideal for both daily living and...
- Direct backyard access to the 22km Finch Corridor Recreational Trail offers year-round walking and biking adventures for the whole family.
- Conveniently close to Yonge/Finch transit, TTC/subway, Hwy 401, and schools.
A True Masterpiece of Luxury and Elegance This exquisite 5+2 bedroom, 6-bathroom residence showcases bespoke upgrades throughout and sits on a premium 62 x 120 ft lot in one of Toronto most coveted neighborhoods. Ideally located just minutes from Yonge Street, Bathurst, Finch Station, top-rated schools, and the Edithvale Community Centre. Featuring soaring 10-foot ceilings on the main floor, rich hardwood flooring, and a thoughtfully designed layout, this home is perfect for growing or extended families. The unique second-floor plan offers exceptional privacy for each bedroom. The custom-designed kitchen boasts quartz countertops, stainless steel appliances, a walk-in pantry, and a built-in coffee station ideal for both daily living and entertaining. Enjoy cozy evenings by the gas fireplace and natural light from the skylight above the staircase. Step out onto the spacious deck with a gas BBQ hook-upperfect for outdoor gatherings. Direct backyard access to the 22km Finch Corridor Recreational Trail offers year-round walking and biking adventures for the whole family. Conveniently close to Yonge/Finch transit, TTC/subway, Hwy 401, and schools.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13813174
- Bedrooms
- 5+2 (7 total)
- Bathrooms
- 6 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 62.01 × 120 ft
- Cross streets
- Bathurst St / Finch Ave
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private, Available, Covered, Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Stone
- Foundation
- Concrete, Brick
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $9,978 / 2025
- Days on market
- 7
- Listing brokerage
- RE/MAX ULTIMATE ESTATES
Rooms
vinyl floor · closet · window
quartz counter · pantry · b/i oven
coffered ceiling(s) · w/o to deck · fireplace
pot lights · hardwood floor · combined w/living
open concept · hardwood floor · large window
3 pc ensuite · walk-in closet(s) · large window
hardwood floor · semi ensuite · window
hardwood floor · semi ensuite · window
hardwood floor · large window · french doors
vinyl floor · combined w/laundry · walk-out
3 pc ensuite · large closet · window
6 pc ensuite · walk-in closet(s) · juliette balcony
Listed at $2,488,800. 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 $2.43M, if it sells. A realistic range is $2.28M to $2.74M.
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 usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Total price vs nearby homes. Likely closing about $2.43M, from 18 recent closings in this pocket.
The market behind the math:
About 1.5 months of inventory: 9 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 $766/sqft against an area asking average of $668/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. Basements do rent in Newtonbrook West: 45 of the 201 detached leases here lately were basement units, around $1,825 a month. That makes the suite real income. 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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.74M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Northview Heights Secondary 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 18 comparable homes that sold in Newtonbrook West over the past two years, from 139 closings there.
For sale
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For saleNothing 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 $1.90M, which is where my estimate comes from.
Per square foot, these ask about $608/sqft; this home lists at $766/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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 $1,991,040 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,009
- Property tax
- $832
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,840
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,695
- Toronto municipal land transfer tax
- $48,695
- Estimated closing costs
- $97,390
Plus your down payment of $497,760. 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
- $660,528
- Principal paid down
- $243,268
- Interest paid
- $417,260
- Balance remaining
- $1,747,772
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
The suite is real income here: basements rent in Newtonbrook West (45 of 201 recent detached leases were basement units, around $1,825 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,825 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 Newtonbrook West signed at a median of $5,527 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,602. 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 ULTIMATE ESTATES. MLS®/PropTx.