229 Florence Avenue, Toronto, ON
Lansing-Westgate, Toronto · MLS® C13836466
About this home
In short
- Includes a private, 4-stop elevator w/ walnut interior, Control4 automation, integrated indoor/outdoor audio, main level office, advanced security w/ 6 color...
- Inside, a dramatic 15-ft foyer introduces interiors of remarkable scale, with 10-ft ceilings on the main level & expansive floor-to-ceiling windows.
- Exquisite living & dining rooms feature a gas fireplace, custom wine display, cozy cove lighting, tray ceiling & built-in speakers, while the eat-in chef's kitchen...
- Upstairs, 9.5-ft ceilings continue into a serene primary retreat, with a spa-like 6-pc ensuite w/ heated floors, custom dressing room, built-in minibar & private balcony.
- The professionally finished walk-up basement features dramatic 16-ft ceilings, hydronic heated floors, recreation room, a second kitchen & ensuite bedroom - providing...
Welcome to this standout home in the coveted Lansing-Westgate community, on a south-exposed lot with approx. 5,500 sq ft of total living space and 4,100 sq ft above grade! This exceptional, custom-built property is an elegant display of timeless architecture, upscale home features, and uncompromising attention to detail. Includes a private, 4-stop elevator w/ walnut interior, Control4 automation, integrated indoor/outdoor audio, main level office, advanced security w/ 6 color night-vision cameras, central vacuum, 2 AC systems & 2 furnaces, and large fenced backyard. Sophisticated materials and gorgeous finishings found throughout, bespoke millwork & seamlessly integrated technology. Natural stone steps at the exterior & an automated snow-melt system servicing the driveway, porch, steps & side entrance. Inside, a dramatic 15-ft foyer introduces interiors of remarkable scale, with 10-ft ceilings on the main level & expansive floor-to-ceiling windows. Exquisite living & dining rooms feature a gas fireplace, custom wine display, cozy cove lighting, tray ceiling & built-in speakers, while the eat-in chef's kitchen showcases an oversized soapstone island, built-in Miele appliances & generous pantry, opening to a tranquil family room that walks out to the deck. Upstairs, 9.5-ft ceilings continue into a serene primary retreat, with a spa-like 6-pc ensuite w/ heated floors, custom dressing room, built-in minibar & private balcony. Three additional bedrooms upstairs offer ensuite/semi-ensuite access. The professionally finished walk-up basement features dramatic 16-ft ceilings, hydronic heated floors, recreation room, a second kitchen & ensuite bedroom - providing additional living space and privacy for the entire family. Your story begins here, at this simply beautiful home that expertly integrates personal peace and high luxury.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C13836466
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 6 (2 half)
- Size
- 3500-5000 sq ft
- Lot
- 41.67 × 129 ft
- Cross streets
- Sheppard/Yonge
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,348 / 2025
- Days on market
- 17
- Listing brokerage
- ROYAL LEPAGE TERREQUITY CONFIDENCE REALTY
Rooms
built-in speakers · b/i shelves · w/o to deck
hardwood floor · pot lights · semi ensuite
heated floor · b/i appliances · above grade window
hardwood floor · walk-in closet(s) · 4 pc ensuite
centre island · b/i appliances · pantry
hardwood floor · walk-in closet(s) · semi ensuite
hardwood floor · indirect lights · elevator
heated floor · b/i shelves · walk-up
gas fireplace · built-in speakers · b/i shelves
hardwood floor · b/i shelves · pot lights
heated floor · pot lights · 4 pc ensuite
w/o to balcony · walk-in closet(s) · 6 pc ensuite
Listed at $3,698,000. Going by how homes in Lansing-Westgate and the wider GTA have actually closed against their asking prices (about 97%, 20 local closings in 90 days), the likely sale price is near $3.60M, if it sells. A realistic range is $3.37M to $4.06M.
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 $3.60M, from 20 recent closings in this pocket.
The market behind the math:
About 1.1 months of inventory: 7 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $870/sqft against an area asking average of $775/sqft.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.41M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Cameron Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 20 comparable homes that sold in Lansing-Westgate over the past two years, from 133 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 $736/sqft; this home lists at $870/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,361 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 776 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 679 |
Neighbourhood & location
Lansing-Westgate, 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 October 16, 2026); conventional rates run a little higher.
Mortgage amount $2,958,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,358
- Property tax
- $696
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,053
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $78,925
- Toronto municipal land transfer tax
- $85,905
- Estimated closing costs
- $164,830
Plus your down payment of $739,600. 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
- $981,450
- Principal paid down
- $361,462
- Interest paid
- $619,988
- Balance remaining
- $2,596,938
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
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 14 whole-home leases in Lansing-Westgate signed at a median of $7,563 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,899. 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 TERREQUITY CONFIDENCE REALTY. MLS®/PropTx.