40 Sultana Avenue, Toronto, ON

Englemount-Lawrence, Toronto · MLS® C13813886

$3,289,000
For Sale
Listed 27 days agoNo offer date stated
Request a showing
◎ Directions
4+1Bedrooms
6Bathrooms
2Garage · 6 parking
3500-5000Sq ft

About this home

In short

  • Built by renowned Toronto custom home builder Waltscon, this 4+1-bedroom, six-bathroom residence sits on a 40-by-132-foot lot and reflects extraordinary craftsmanship...
  • The spacious foyer introduces soaring ceilings and crown moulding, establishing the home's refined yet welcoming character.
  • The bright lower level, enhanced by extra-high ceilings and above-grade windows, offers a recreation room, second kitchen with separate entrance, guest bedroom...
  • Exceptional value in family-friendly Englemount-Lawrence, close to schools, parks, shopping and transit.

Built by renowned Toronto custom home builder Waltscon, this 4+1-bedroom, six-bathroom residence sits on a 40-by-132-foot lot and reflects extraordinary craftsmanship and attention to detail. The spacious foyer introduces soaring ceilings and crown moulding, establishing the home's refined yet welcoming character. The formal living room, anchored by a gas fireplace with a traditional wood mantel, flows effortlessly into the coffered-ceiling dining room, where a wall of white oak cabinets provides generous storage. A private French-door office and main-floor powder room add flexibility. A server's pantry connects the dining room to the heart of the home: a beautifully appointed kitchen with marble countertops, top-tier appliances, two sinks, two dishwashers and an oversized white oak island with breakfast-bar seating, creating an ideal kosher kitchen. A walk-in pantry adds further convenience. The kitchen opens to a sun-filled breakfast room framed by a bay window, with seating for up to eight and views over the backyard, while the adjoining family room features a marble fireplace flanked by custom white oak cabinetry and walkouts to the elevated deck. Upstairs, four generous bedrooms are complemented by a spacious laundry room and beautifully finished bathrooms. The primary suite offers a fireplace, custom-fitted walk-in closet and luxurious six-piece marble ensuite. Bedrooms Two and Three share a five-piece semi-ensuite, while Bedroom Four enjoys its own three-piece ensuite. The bright lower level, enhanced by extra-high ceilings and above-grade windows, offers a recreation room, second kitchen with separate entrance, guest bedroom, three-piece bathroom, additional powder room, excellent storage and direct access to the two-car garage-ideal for guests or extended family. Exceptional value in family-friendly Englemount-Lawrence, close to schools, parks, shopping and transit.

Key facts

Property type
Detached, 2-Storey
MLS®
C13813886
Bedrooms
4+1 (5 total)
Bathrooms
6 (2 half)
Size
3500-5000 sq ft
Lot
40 × 132 ft
Cross streets
Sultana Ave & Bathurst St
Parking
2 garage · 6 parking (built-in)
Driveway
Private
Basement
Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$13,850 / 2026
Days on market
27
Listing brokerage
HARVEY KALLES REAL ESTATE LTD.

Rooms

LaundrySecond3.35 × 1.79 m

quartz counter · laundry sink · window

Common Room
Bedroom 2Second3.65 × 304.00 m

double closet · crown moulding · 5 pc ensuite

KitchenLower3.04 × 3.04 m

stainless steel appl · quartz counter · hardwood floor

PlayLower3.04 × 3.04 m

3 pc bath · double closet · combined w/br

Bedroom 3Second4.26 × 3.35 m

halogen lighting · double closet · hardwood floor

OfficeMain3.04 × 3.04 m

french doors · crown moulding · hardwood floor

BreakfastMain4.26 × 2.13 m

bay window · overlooks backyard · hardwood floor

Living RoomMain5.79 × 3.68 m

bay window · gas fireplace · hardwood floor

Family RoomMain4.87 × 4.60 m

w/o to deck · marble fireplace · b/i shelves

Primary BedroomSecond5.63 × 5.48 m

walk-in closet(s) · 6 pc ensuite · hardwood floor

KitchenMain5.48 × 4.26 m

centre island · marble counter · stainless steel appl

FoyerMain3.41 × 3.32 m

double closet · 2 pc bath · hardwood floor

RecreationLower7.01 × 3.96 m

crown moulding · above grade window · electric fireplace

Bedroom 4Second3.96 × 3.65 m

3 pc ensuite · crown moulding · double closet

Dining RoomMain4.87 × 4.26 m

coffered ceiling(s) · b/i shelves · hardwood floor

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is John Polanyi Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Englemount-Lawrence · asking prices
$3.19Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $814/sqft; this home lists at $774/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
3.29MThis home2.60M3.50M3.50MThis home vs active comparables

Neighbourhood & location

Englemount-Lawrence, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Banbury-Don Mills
$5.50M
Willowdale East
$2.29M
Leaside
$2.48M
Woodbine-Lumsden
$949K
Wexford-Maryvale
$849K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near John Polanyi Collegiate Institute
54%
John Polanyi Collegiate InstitutePublic · Secondary · 1.3 km awayBelow the GTA average · 54% meet the provincial standard
Baycrest Public SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Baycrest Public School · Public elementary0.5 km · 69% at standard
Ledbury Park Elementary and Middle School · Public elementary0.6 km · 77% at standard
Flemington Public School · Public elementary1.2 km · 36% at standard
Bannockburn Public School · Public elementary1.2 km
Our Lady of the Assumption Catholic School · Catholic elementary1.3 km · 54% at standard
Summit Heights Public School · Public elementary1.5 km · 85% at standard
Lawrence Heights Middle School · Public elementary1.5 km · 44% at standard
Faywood Arts-Based Curriculum School · Public elementary1.6 km · 70% at standard
Glen Park Public School · Public elementary1.7 km · 54% at standard
John Wanless Junior Public School · Public elementary1.8 km · 88% at standard
Armour Heights Public School · Public elementary1.9 km · 70% at standard
Lawrence Park Collegiate Institute · Public secondary2.1 km · 92% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$14,990/mo
$609KIncome needed
5.4×Price ÷ income
$3,459Weekly cost
$140,290Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

93%mortgage
Mortgage $14,990Property tax $1,154Total carry $16,144

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$14,548per month

Mortgage amount $2,631,200 · 4.49% over 25 years

$657,800Down payment (20.0%)
$2,631,200Loan before insurance
$0CMHC premium
$15,703Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$14,548
Property tax
$1,154
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$15,703

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$68,700
Toronto municipal land transfer tax
$71,590
Estimated closing costs
$140,290

Plus your down payment of $657,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$17,608/monthPayment at the qualifying rate

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

$1,733,307Total interest paid
$4,364,507Total of all payments
Principal $2,631,200 Interest $1,733,307
YearPrincipalInterestBalance
1$58,717$115,863$2,572,483
2$61,383$113,197$2,511,100
3$64,170$110,410$2,446,929
4$67,084$107,496$2,379,846
5$70,130$104,451$2,309,716
6$73,314$101,266$2,236,402
7$76,643$97,938$2,159,759
8$80,122$94,458$2,079,637
9$83,760$90,820$1,995,877
10$87,563$87,017$1,908,313
11$91,539$83,041$1,816,774
12$95,695$78,885$1,721,079
13$100,040$74,540$1,621,038
14$104,583$69,998$1,516,456
15$109,331$65,249$1,407,125
16$114,295$60,285$1,292,830
17$119,485$55,096$1,173,345
18$124,910$49,671$1,048,436
19$130,581$43,999$917,855
20$136,510$38,070$781,345
21$142,708$31,872$638,637
22$149,188$25,393$489,449
23$155,961$18,619$333,488
24$163,043$11,538$170,445
25$170,445$4,135$0

At the end of your 5-year term

Total paid over the term
$872,901
Principal paid down
$321,484
Interest paid
$551,417
Balance remaining
$2,309,716

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.

Let's connect

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

Rental yield
Estimate$7,350/mo
$88,200Gross annual rent
1.9%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

2.7%
Gross yield
− Property tax $13,850− Insurance $1,400− Vacancy & upkeep $9,702Net operating income $63,248

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.

CallRequest a showing