38 Killdeer Crescent, Toronto, ON

Leaside, Toronto · MLS® C13830842

$3,895,000
For Sale
Listed 23 days agoNo offer date stated
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3+1Bedrooms
3Bathrooms
2Garage · 6 parking
2000-2500Sq ft

About this home

In short

  • Tucked away on one of North Leaside's most coveted streets, this exceptional ravine property offers a rare sense of space, privacy, and possibility.
  • While its street frontage is understated, the pie-shaped lot widens almost immediately from the street, unfolding into an extraordinary park-like setting surrounded...
  • A family room, with incredible vaulted ceiling, and primary bedroom overlooking the ravine make the natural setting an integral part of everyday life.
  • The recently renovated lower level, fully above grade at the rear of the home with multiple walk-outs, adds remarkable flexibility with additional living, working...
  • Moments from Serena Gundy and Sunnybrook Parks, excellent schools, and the amenities of Leaside, this is a unique opportunity where exceptional land, ravine privacy...

Tucked away on one of North Leaside's most coveted streets, this exceptional ravine property offers a rare sense of space, privacy, and possibility. While its street frontage is understated, the pie-shaped lot widens almost immediately from the street, unfolding into an extraordinary park-like setting surrounded by mature greenery and overlooking the ravine.The existing detached bungalow offers over 2,000 square feet above grade, with generous principal rooms, three bedrooms, and expansive views across the property. A family room, with incredible vaulted ceiling, and primary bedroom overlooking the ravine make the natural setting an integral part of everyday life. The recently renovated lower level, fully above grade at the rear of the home with multiple walk-outs, adds remarkable flexibility with additional living, working, and guest space. For those drawn to the ease and scale of bungalow living, the home presents an increasingly rare opportunity to enjoy a substantial footprint in one of Toronto's most established neighbourhoods. For others, the nearly 300-foot-deep lot offers an extraordinary canvas upon which to create a one-of-a-kind custom residence in a truly special setting. Moments from Serena Gundy and Sunnybrook Parks, excellent schools, and the amenities of Leaside, this is a unique opportunity where exceptional land, ravine privacy, and long-term potential come together.

Key facts

Property type
Detached, Bungalow
MLS®
C13830842
Bedrooms
3+1 (4 total)
Bathrooms
3
Size
2000-2500 sq ft
Lot
34.46 × 296.62 ft
Cross streets
Eglinton & Laird
Parking
2 garage · 6 parking (attached)
Driveway
Private
Basement
Finished with Walk-Out, Separate Entrance, Full
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Unknown
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$15,354 / 2026
Days on market
23
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM

Rooms

Bedroom 3Main3.99 × 3.57 m

broadloom · wood trim · large closet

Bedroom 2Main3.21 × 2.63 m

hardwood floor · overlooks garden · large closet

Family RoomMain6.08 × 5.67 m

broadloom · 2 way fireplace · vaulted ceiling(s)

Game RoomBasement3.89 × 5.64 m

tile floor · walk-out · overlooks ravine

RecreationLower5.03 × 6.86 m

broadloom · b/i bar · fireplace

Primary BedroomMain5.13 × 4.06 m

hardwood floor · bay window · overlooks ravine

Bedroom 4Lower4.42 × 3.19 m

tile floor · window

KitchenMain3.40 × 2.51 m

tile floor · overlooks dining · breakfast area

Living RoomMain6.59 × 4.04 m

broadloom · fireplace · overlooks family

OfficeLower5.34 × 5.07 m

tile floor · b/i shelves · combined w/game

Dining RoomMain2.67 × 2.56 m

tile floor · overlooks family · 2 way fireplace

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

On schools, this address is zoned for Leaside High School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.

Neighbourhood & location

Leaside, 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
Woodbine-Lumsden
$949K
Wexford-Maryvale
$849K
Willowdale East
$2.29M
Bayview Village
$1.60M

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 Northlea Elementary and Middle School
84%
Northlea Elementary and Middle SchoolPublic · Elementary · 0.7 km awayHigher-rated than most nearby · 84% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Park Lane Public School · Public elementary1.2 km
Bessborough Drive Elementary and Middle School · Public elementary1.4 km · 89% at standard
St Bonaventure Catholic School · Catholic elementary1.7 km · 84% at standard
Maurice Cody Junior Public School · Public elementary1.9 km · 90% at standard
Sunny View Junior and Senior Public School · Public elementary1.9 km
Rolph Road Elementary School · Public elementary2.1 km · 88% at standard
Blythwood Junior Public School · Public elementary2.1 km · 88% at standard
Fraser Mustard Early Learning Academy · Public elementary2.1 km
Thorncliffe Park Public School · Public elementary2.2 km · 33% at standard
Northern Secondary School · Public secondary2.3 km · 82% at standard
Valley Park Middle School · Public elementary2.4 km · 51% at standard
Grenoble Public School · Public elementary2.5 km · 37% at standard

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

Affordability & Mortgage

Affordability
$17,752/mo
$717KIncome needed
5.4×Price ÷ income
$4,097Weekly cost
$176,650Land 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 $17,752Property tax $1,279Total carry $19,032

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)
$17,229per month

Mortgage amount $3,116,000 · 4.49% over 25 years

$779,000Down payment (20.0%)
$3,116,000Loan before insurance
$0CMHC premium
$18,508Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$17,229
Property tax
$1,280
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$18,508

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

One-time closing costs

Ontario land transfer tax
$83,850
Toronto municipal land transfer tax
$92,800
Estimated closing costs
$176,650

Plus your down payment of $779,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$20,853/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

$2,052,670Total interest paid
$5,168,670Total of all payments
Principal $3,116,000 Interest $2,052,670
YearPrincipalInterestBalance
1$69,536$137,211$3,046,464
2$72,693$134,054$2,973,771
3$75,994$130,753$2,897,777
4$79,444$127,303$2,818,333
5$83,051$123,696$2,735,282
6$86,822$119,925$2,648,460
7$90,764$115,983$2,557,696
8$94,885$111,862$2,462,811
9$99,193$107,554$2,363,618
10$103,697$103,050$2,259,921
11$108,405$98,342$2,151,516
12$113,327$93,419$2,038,188
13$118,473$88,274$1,919,716
14$123,852$82,895$1,795,864
15$129,475$77,271$1,666,388
16$135,354$71,393$1,531,034
17$141,500$65,247$1,389,535
18$147,924$58,822$1,241,610
19$154,641$52,106$1,086,970
20$161,662$45,085$925,308
21$169,002$37,745$756,306
22$176,675$30,071$579,630
23$184,697$22,050$394,933
24$193,083$13,664$201,850
25$201,850$4,897$0

At the end of your 5-year term

Total paid over the term
$1,033,734
Principal paid down
$380,718
Interest paid
$653,016
Balance remaining
$2,735,282

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$4,200/mo
$50,400Gross annual rent
0.7%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

1.3%
Gross yield
− Property tax $15,354− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $28,102

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM. MLS®/PropTx.

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