16 Carney Road, Toronto, ON
Newtonbrook West, Toronto · MLS® C13819814
About this home
In short
- Nestled in a wonderfully quiet and tranquil North York neighbourhood, this serene urban retreat perfectly blends natural beauty with premier city convenience.
- Inside, the home boasts airy 9-foot main-level ceilings and a sun-drenched sunroom perfect for year-round relaxation.
- The stunning family room is a true centerpiece, featuring soaring ~12-foot ceilings and a bright skylight, while a second skylight brings abundant natural light to...
- The spacious driveway comfortably accommodates up to 3 vehicles, fully self-contained walk-out basement in-law suite with a separate entrance-perfect for immediate...
- Just a 3-minute walk away, the state-of-the-art Edithvale Community Centre acts as a premier extension of your home, offering immediate access to an indoor track...
Nestled in a wonderfully quiet and tranquil North York neighbourhood, this serene urban retreat perfectly blends natural beauty with premier city convenience. The property is beautifully positioned facing a lush park and backing onto a private wooded grove, offering exceptional privacy. Inside, the home boasts airy 9-foot main-level ceilings and a sun-drenched sunroom perfect for year-round relaxation. The stunning family room is a true centerpiece, featuring soaring ~12-foot ceilings and a bright skylight, while a second skylight brings abundant natural light to the upper-level secondary bath. The spacious driveway comfortably accommodates up to 3 vehicles, fully self-contained walk-out basement in-law suite with a separate entrance-perfect for immediate income potential or extended family living. Just a 3-minute walk away, the state-of-the-art Edithvale Community Centre acts as a premier extension of your home, offering immediate access to an indoor track, fitness facilities, and recreation for all ages. Enjoy the ultimate peaceful lifestyle while remaining mere steps from the TTC, Finch Subway Station, Schools, vibrant Yonge Street, top-tier dining, and essential shopping.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13819814
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 34.29 × 109.22 ft
- Cross streets
- Yonge & Finch
- Parking
- 1 garage · 4 parking (attached)
- Basement
- Separate Entrance, Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,995 / 2026
- Days on market
- 6
- Listing brokerage
- AIMHOME REALTY INC.
Rooms
hardwood floor · granite counters · pot lights
hardwood floor · fireplace · pot lights
walk-up · 4 pc bath
hardwood floor · gas fireplace
hardwood floor · bow window · skylight
laminate · w/o to patio · skylight
hardwood floor · his and hers closets
hardwood floor · semi ensuite · double closet
Above Grade Window
Above Grade Window
hardwood floor · 5 pc ensuite · walk-in closet(s)
Tile Floor
Listed at $1,590,000. 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 $1.56M, if it sells. A realistic range is $1.46M to $1.75M.
Independent value check: $1.35M. Without looking at the asking price, our model values the home itself about 15% below the ask (homes like it typically land between $1.27M and $1.42M).
Why $1.35M. 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 itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,995 a year; the typical home sold here pays about $7,100.
- ▲ Raises it slightly3+2 bedrooms and 4 baths, against 3+1 and 3 typically.
- ▼ Lowers it slightly1 garage and 4 total parking spaces, against 2 and 5 typically.
Total price vs nearby homes. Likely closing about $1.56M, from 18 recent closings in this pocket.
The market behind the math:
About 1.3 months of inventory: 8 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 $707/sqft against an area asking average of $757/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a separate entrance and a second kitchen. 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 $1.42M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($707/sqft) is below the area, so you are paying for extra space rather than a premium.
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.
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 $1.35M, which is where my estimate comes from.
Per square foot, these ask about $839/sqft; this home lists at $707/sqft. Size is part of the price story, not just the sticker.
The 3 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 $1,272,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,033
- Property tax
- $666
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,699
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,275
- Toronto municipal land transfer tax
- $28,275
- Estimated closing costs
- $56,550
Plus your down payment of $318,000. 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
- $421,986
- Principal paid down
- $155,415
- Interest paid
- $266,571
- Balance remaining
- $1,116,585
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 13 whole-home leases in Newtonbrook West signed at a median of $4,951 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,750. 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 AIMHOME REALTY INC.. MLS®/PropTx.