16 Sultana Avenue, Toronto, ON

Englemount-Lawrence, Toronto · MLS® C13836496

$1,448,000
For Sale
Listed 21 days agoNo offer date stated
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2+2Bedrooms
3Bathrooms
1Garage · 4 parking
700-1100Sq ft

About this home

In short

  • Space, flexibility, and opportunity on a generous 41.25 x 132 ft lot.
  • This detached 2+2 bedroom bungalow offers nearly 2,000 sq ft of total living space, with a bright, sun-filled main floor designed for comfortable everyday living.
  • A separate entrance leads to the fully finished lower level, featuring two additional bedrooms and a versatile layout for extended family, in-law living, a home...
  • Outside, the deep private backyard is ready for summer barbecues, gardening, children, and pets.

Space, flexibility, and opportunity on a generous 41.25 x 132 ft lot. This detached 2+2 bedroom bungalow offers nearly 2,000 sq ft of total living space, with a bright, sun-filled main floor designed for comfortable everyday living.A separate entrance leads to the fully finished lower level, featuring two additional bedrooms and a versatile layout for extended family, in-law living, a home office, or a growing household. With two full bathrooms and a practical flow across both levels, the home offers plenty of room to adapt to your needs.Outside, the deep private backyard is ready for summer barbecues, gardening, children, and pets. A single-car garage plus a private drive for five means parking for six, a rare find in the city. Conveniently located minutes from schools, parks, transit, shopping, and major routes.Detached bungalows on lots of this size are increasingly hard to find. Bring your ideas and make it yours.

Key facts

Property type
Detached, Bungalow
MLS®
C13836496
Bedrooms
2+2 (4 total)
Bathrooms
3
Size
700-1100 sq ft
Lot
41.25 × 132 ft
Cross streets
Lawrence Ave & Bathurst St
Parking
1 garage · 4 parking (attached)
Driveway
Private
Basement
Separate Entrance, Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Property tax
$5,987 / 2025
Days on market
21
Listing brokerage
RE/MAX MILLENNIUM REAL ESTATE

Rooms

Living RoomMain

window · combined w/dining · open concept

BedroomBasement

Window

KitchenBasement

Window

Dining RoomMain

window · combined w/living · open concept

Bedroom 2Main

Large Closet

BedroomBasement

Window

Primary BedroomMain

walk-in closet(s) · ensuite bath

RecreationBasement

open concept · combined w/living · combined w/dining

KitchenMain

breakfast bar · quartz counter

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.40Mlikely sale price

Listed at $1,448,000. Going by how homes in Englemount-Lawrence and the wider GTA have actually closed against their asking prices (about 97%, 11 local closings in 90 days), the likely sale price is near $1.40M, if it sells. A realistic range is $1.31M to $1.58M.

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 listing describes about 2,000 sq ft, while the size on record is 700 to 1100 sq ft.

List price
$1.31MBelow recent closings$1.58MAbove recent closings

Total price vs nearby homes. Likely closing about $1.40M, from 11 recent closings in this pocket.

The market behind the math:

11sold nearby · 90 days
$1.34Mmedian sold price
95%of asking, on average
−35%prices vs a year ago
~13 dayshomes like this take to sell
21days on market so far
$3,633/moest. rent · 15 leases
3.0%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 4.1 months of inventory: 15 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $1,609/sqft against an area asking average of $951/sqft.

  • Separate-entrance basement apartment features. A finished 2 bed 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 Englemount-Lawrence: 23 of the 77 detached leases here lately were basement units, around $1,595 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 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $953K. Condition and finishes remain an in-person call.

What the listing highlights2 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
  • Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Schools & getting aroundcatchment and transit

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.

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.

There were not many closely comparable homes right in Englemount-Lawrence, so I widened the search to the surrounding area.

Based on 11 comparable homes that sold in Englemount-Lawrence over the past two years, from 90 closings there.

What sellers nearby are askingCurrently listed nearby in Englemount-Lawrence · asking prices
$1.63Mavg asking

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 $1.14M, which is where my estimate comes from.

Per square foot, these ask about $1,002/sqft; this home lists at $1,609/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.45MThis home1.38M1.14M1.90M1.73M2.00MThis home vs active comparables

Sold price trend

Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,360 closings in 12 months.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$1.25M739
November 2025$1.21M596
December 2025$1.14M384
January 2026$1.20M285
February 2026$1.23M453
March 2026$1.34M580
April 2026$1.31M776
May 2026$1.30M861
June 2026$1.25M772
July 2026$1.17M684
August 2026$1.19M552
September 2026$1.20M678

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.

St. Andrew-Windfields
$4.10M
Banbury-Don Mills
$5.50M
Willowdale East
$2.19M
Leaside
$2.15M
Dovercourt-Wallace Emerson-Junction
$1.25M

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 · 1.4 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
Ledbury Park Elementary and Middle School · Public elementary0.5 km · 77% at standard
Baycrest Public School · Public elementary0.7 km · 69% at standard
Bannockburn Public School · Public elementary1.1 km
Flemington Public School · Public elementary1.3 km · 36% at standard
Our Lady of the Assumption Catholic School · Catholic elementary1.4 km · 54% at standard
Summit Heights Public School · Public elementary1.4 km · 85% at standard
Faywood Arts-Based Curriculum School · Public elementary1.6 km · 70% at standard
Lawrence Heights Middle School · Public elementary1.7 km · 44% at standard
John Wanless Junior Public School · Public elementary1.7 km · 88% at standard
Glen Park Public School · Public elementary1.7 km · 54% at standard
Armour Heights Public School · Public elementary1.8 km · 70% at standard
Lawrence Park Collegiate Institute · Public secondary2.0 km · 92% at standard

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

Affordability & Mortgage

Affordability
$6,600/mo
$270KIncome needed
5.4×Price ÷ income
$1,523Weekly cost
$50,870Land 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 $6,600Property tax $499Total carry $7,098

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%
$
%
4.49%
%
Live rate from Ratehub.ca

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

years
years (your rate-locked period)
$6,405per month

Mortgage amount $1,158,400 · 4.49% over 25 years

$289,600Down payment (20.0%)
$1,158,400Loan before insurance
$0CMHC premium
$6,904Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,405
Property tax
$499
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,904

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

One-time closing costs

Ontario land transfer tax
$25,435
Toronto municipal land transfer tax
$25,435
Estimated closing costs
$50,870

Plus your down payment of $289,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$7,752/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

$763,098Total interest paid
$1,921,498Total of all payments
Principal $1,158,400 Interest $763,098
YearPrincipalInterestBalance
1$25,851$51,009$1,132,549
2$27,024$49,836$1,105,525
3$28,251$48,609$1,077,274
4$29,534$47,326$1,047,740
5$30,875$45,985$1,016,865
6$32,277$44,583$984,588
7$33,742$43,118$950,846
8$35,274$41,586$915,571
9$36,876$39,984$878,695
10$38,550$38,310$840,145
11$40,301$36,559$799,845
12$42,130$34,730$757,714
13$44,043$32,817$713,671
14$46,043$30,817$667,628
15$48,134$28,726$619,494
16$50,319$26,541$569,175
17$52,604$24,256$516,572
18$54,992$21,868$461,579
19$57,489$19,371$404,090
20$60,099$16,761$343,991
21$62,828$14,032$281,163
22$65,681$11,179$215,483
23$68,663$8,197$146,820
24$71,780$5,080$75,039
25$75,039$1,820$0

At the end of your 5-year term

Total paid over the term
$384,300
Principal paid down
$141,535
Interest paid
$242,764
Balance remaining
$1,016,865

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
From 15 whole-home leases in Englemount-Lawrence$3,633/mo
$43,596Gross annual rent
2.2%Cap rate after taxes and upkeep
$3,077 to $4,157Typical rent range

The suite is real income here: basements rent in Englemount-Lawrence (23 of 77 recent detached leases were basement units, around $1,595 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,595 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 numbers

The last 15 whole-home leases in Englemount-Lawrence signed at a median of $3,976 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,633. 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.

3.0%
Gross yield
− Property tax $5,987− Insurance $1,400− Vacancy & upkeep $4,796Net operating income $31,413

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

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