14 Cherrystone Drive, Toronto, ON

Hillcrest Village, Toronto · MLS® C13847838

$1,220,000
For Sale
Listed 14 days agoNo offer date stated
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◎ Directions
3+2Bedrooms
4Bathrooms
1Garage · 3 parking
1100-1500Sq ft

About this home

In short

  • New Kitchen & Washrooms on the First Floor! Steps to Duncan Creek Trail and located in the highly sought-after Hillcrest Village neighbourhood.
  • Conveniently located close to TTC, Hwy 404, shopping centres, parks, and everyday amenities.
  • Features hardwood flooring throughout the main and second floors, a convenient side entrance, and a finished basement with two bedrooms, each with its own 3-piece...
  • Enjoy the private backyard, complete with mature apple and mulberry trees-perfect for relaxing or entertaining.

**New Kitchen & Washrooms on the First Floor!** Steps to Duncan Creek Trail and located in the highly sought-after Hillcrest Village neighbourhood. This bright, cozy, and well-maintained home offers a comfortable layout and excellent convenience for families.Situated within the boundaries of **Cliffwood Public School, Highland Junior High School, and A.Y. Jackson Secondary School**. Conveniently located close to TTC, Hwy 404, shopping centres, parks, and everyday amenities.Features **hardwood flooring throughout the main and second floors**, a convenient side entrance, and a finished basement with **two bedrooms, each with its own 3-piece ensuite bathroom**. Enjoy the private backyard, complete with mature apple and mulberry trees-perfect for relaxing or entertaining.A wonderful opportunity to live in a desirable family-friendly community with excellent access to schools, transit, nature, and amenities.

Key facts

Property type
Detached, 2-Storey
MLS®
C13847838
Bedrooms
3+2 (5 total)
Bathrooms
4 (1 half)
Size
1100-1500 sq ft
Lot
50.05 × 120.15 ft
Cross streets
Don Mills / Steeles
Parking
1 garage · 3 parking (attached)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Aluminum Siding, Brick
Foundation
Concrete Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$6,399 / 2026
Days on market
14
Listing brokerage
ANJIA REALTY

Rooms

Living RoomGround5.20 × 3.33 m

Picture Window

KitchenGround3.26 × 3.25 m

Overlooks Backyard

Bedroom 4Basement3.50 × 3.20 m

3 Pc Ensuite

Bedroom 3Second3.39 × 2.79 m

Overlooks Backyard

Dining RoomGround3.57 × 3.05 m

Picture Window

Primary BedroomSecond4.20 × 3.73 m

Walk-In Closet(s)

Bedroom 2Second3.53 × 3.02 m

Hardwood Floor

Bedroom 5Basement3.50 × 3.30 m

3 Pc Ensuite

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.17Mlikely sale price

Listed at $1,220,000. Going by how homes in Hillcrest Village and the wider GTA have actually closed against their asking prices (about 96%, 12 local closings in 90 days), the likely sale price is near $1.17M, if it sells. A realistic range is $1.10M to $1.32M.

Independent value check: $1.05M. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $986K and $1.10M).

Why $1.05M. The typical detached home sold in Hillcrest Village over the past year went for about $1.19M (43 sales). What sets this one apart:

  • ▼ Lowers itIts tax bill, which follows the city's own assessment, is $6,399 a year; the typical home sold here pays about $6,900.
  • ▼ Lowers it slightlyIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
  • ▲ Raises it slightly3+2 bedrooms and 4 baths, against 3+2 and 3 typically.
List price
$1.10MBelow recent closings$1.32MAbove recent closings

Total price vs nearby homes. Likely closing about $1.17M, from 12 recent closings in this pocket.

The market behind the math:

12sold nearby · 90 days
$1.17Mmedian sold price
96%of asking, on average
−12%prices vs a year ago
~13 dayshomes like this take to sell
14days on market so far
$3,444/moest. rent · 15 leases
3.4%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.5 months of inventory: 14 detached homes for sale in the area against 12 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 $938/sqft against an area asking average of $872/sqft.

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 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.01M. Condition and finishes remain an in-person call.

What the listing highlights4 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
  • Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit

On schools, this address is zoned for Cliffwood Public 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.

Read this with carewhy it’s an estimate, not an appraisal

There were not many closely comparable homes right in Hillcrest Village, so I widened the search to the surrounding area.

Based on 12 comparable homes that sold in Hillcrest Village over the past two years, from 77 closings there.

What sellers nearby are askingCurrently listed nearby in Hillcrest Village · asking prices
$1.35Mavg 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 $1.05M, which is where my estimate comes from.

Per square foot, these ask about $920/sqft; this home lists at $938/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.22MThis home1.29M1.20M1.38M1.68M1.20MThis 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 7,361 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$1.20M679

Neighbourhood & location

Hillcrest Village, 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.

Willowdale West
$1.92M
Lansing-Westgate
$2.60M
Bedford Park-Nortown
$2.96M
Lawrence Park South
$2.67M
Cliffcrest
$819K

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 Cliffwood Public School
93%
Cliffwood Public SchoolPublic · Elementary · 0.3 km awayAmong the top in the GTA · 93% meet the provincial standard
St. MatthiasEQAO results not published
Also nearby: 12 more schools within 2.5 km
Msgr Fraser College (Northeast) · Catholic secondary0.1 km
Arbor Glen Public School · Public elementary0.6 km · 98% at standard
Cresthaven Public School · Public elementary1.2 km · 75% at standard
Zion Heights Middle School · Public elementary1.3 km · 93% at standard
Hillmount Public School · Public elementary1.4 km · 89% at standard
Pineway Public School · Public elementary1.6 km · 48% at standard
Steelesview Public School · Public elementary1.9 km · 85% at standard
Our Lady of Guadalupe Catholic School · Catholic elementary2.2 km
Don Valley Middle School · Public elementary2.2 km · 87% at standard
Seneca Hill Public School · Public elementary2.2 km · 92% at standard
Cherokee Public School · Public elementary2.2 km · 62% at standard
Crestview Public School · Public elementary2.2 km · 69% at standard

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

Affordability & Mortgage

Affordability
$5,560/mo
$232KIncome needed
5.3×Price ÷ income
$1,283Weekly cost
$41,750Land 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.

91%mortgage
Mortgage $5,560Property tax $533Total carry $6,094

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 16, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,396per month

Mortgage amount $976,000 · 4.49% over 25 years

$244,000Down payment (20.0%)
$976,000Loan before insurance
$0CMHC premium
$5,930Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,396
Property tax
$533
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,930

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

One-time closing costs

Ontario land transfer tax
$20,875
Toronto municipal land transfer tax
$20,875
Estimated closing costs
$41,750

Plus your down payment of $244,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,532/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

$642,941Total interest paid
$1,618,941Total of all payments
Principal $976,000 Interest $642,941
YearPrincipalInterestBalance
1$21,780$42,977$954,220
2$22,769$41,989$931,451
3$23,803$40,955$907,648
4$24,884$39,874$882,764
5$26,013$38,744$856,751
6$27,195$37,563$829,556
7$28,429$36,328$801,127
8$29,720$35,038$771,407
9$31,070$33,688$740,337
10$32,480$32,277$707,857
11$33,955$30,803$673,902
12$35,497$29,261$638,406
13$37,108$27,649$601,297
14$38,793$25,964$562,504
15$40,555$24,203$521,950
16$42,396$22,362$479,554
17$44,321$20,437$435,233
18$46,333$18,425$388,900
19$48,437$16,321$340,463
20$50,636$14,122$289,827
21$52,935$11,822$236,892
22$55,339$9,419$181,553
23$57,851$6,906$123,702
24$60,478$4,280$63,224
25$63,224$1,534$0

At the end of your 5-year term

Total paid over the term
$323,788
Principal paid down
$119,249
Interest paid
$204,539
Balance remaining
$856,751

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 Hillcrest Village$3,444/mo
$41,328Gross annual rent
2.4%Cap rate after taxes and upkeep
$3,212 to $3,815Typical rent range

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 Hillcrest Village signed at a median of $3,515 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,444. 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.

3.4%
Gross yield
− Property tax $6,399− Insurance $1,400− Vacancy & upkeep $4,546Net operating income $28,983

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ANJIA REALTY. MLS®/PropTx.

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