33 Madawaska Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C13848318
About this home
In short
- Excellent investment opportunity.
- Located within the Yonge Street North Secondary Plan area, with potential for future redevelopment, subject to applicable planning policies, zoning requirements, and...
- The Location Is Truly Unbeatable, & Is Just Steps Away From Everything You NeedAn exceptional, fully renovated, oversized bungalow that feels like a newer home from...
- The entirely redone main level features a bright, open-concept layout, newer engineered hardwood flooring and halogen lighting throughout.
- Renovated washrooms include a primary ensuite and powder room with heated floors for added comfort.
**Excellent investment opportunity! Located within the Yonge Street North Secondary Plan area, with potential for future redevelopment, subject to applicable planning policies, zoning requirements, and municipal approvals.**Opportunity for Investors and Developers to purchase lot in a prime location. The Location Is Truly Unbeatable, & Is Just Steps Away From Everything You Need**An exceptional, fully renovated, oversized bungalow that feels like a newer home from the moment you step inside Set on a generous south lot, this move-in-ready residence offers impressive space, contemporary finishes and thoughtful attention to detail. The entirely redone main level features a bright, open-concept layout, newer engineered hardwood flooring and halogen lighting throughout. The stunning newer custom kitchen showcases newer countertops, a newer backsplash, a newer pot filler, beautifully finished cabinetry and newer, top-of-the-line stainless steel Jenn-Air appliances. An adjoining dining area with a custom built-in bar creates an elegant setting for entertaining. Renovated washrooms include a primary ensuite and powder room with heated floors for added comfort. A newer deck and beautifully interlocked backyard provide an inviting outdoor retreat for dining, entertaining and relaxing. The beautifully finished in-law basement apartment features a separate entrance, kitchen, three-piece washroom and dedicated laundry, offering excellent flexibility for extended family. Laundry facilities on both levels add everyday convenience. Extensive upgrades include a water filtration system, tankless water heater, newer air conditioning, newer roof shingles, four Google cameras, a Google Hub and additional garage storage. Ideally located just a short walk from Yonge Street, public transit, shops, restaurants and everyday amenities. Beautifully transformed with quality upgrades throughout, this outstanding home delivers the space, comfort and fresh feel buyers are looking for.
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- C13848318
- Bedrooms
- 2+2 (4 total)
- Bathrooms
- 3
- Size
- 1100-1500 sq ft
- Lot
- 40.04 × 122.68 ft
- Cross streets
- Yonge St. And Madawaska Ave.
- Parking
- 1 garage · 5 parking (attached)
- Driveway
- Available
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Other
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $9,177 / 2026
- Days on market
- 14
- Listing brokerage
- SOLTANIAN REAL ESTATE INC.
Rooms
hardwood floor · led lighting · combined w/living
Ceramic Floor
hardwood floor · custom counter · b/i appliances
Combined w/Living
hardwood floor · closet · ensuite bath
Combined w/Kitchen
hardwood floor · pot lights · ensuite bath
Ceramic Floor
hardwood floor · w/o to patio · pot lights
hardwood floor · b/i bar · combined w/dining
Listed at $998,000. Going by how homes in Newtonbrook East and the wider GTA have actually closed against their asking prices (about 96%, 22 local closings in 90 days), the likely sale price is near $960K, if it sells. A realistic range is $899K to $1.08M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% above 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: the home's condition, or an asking price set as a starting point for offers.
Total price vs nearby homes. Likely closing about $960K, from 22 recent closings in this pocket.
The market behind the math:
About 2 months of inventory: 15 detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $768/sqft against an area asking average of $902/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 Newtonbrook East: 38 of the 210 detached leases here lately were basement units, around $1,800 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 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.33M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- 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
Schools & getting aroundcatchment and transit
Its public catchment (Cummer Valley Middle 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
There were not many closely comparable homes right in Newtonbrook East, so I widened the search to the surrounding area.
Based on 22 comparable homes that sold in Newtonbrook East over the past two years, from 145 closings there.
For sale
For sale
For sale
For sale
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For sale
For sale
For saleNothing 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 $1.36M, which is where my estimate comes from.
Per square foot, these ask about $1,006/sqft; this home lists at $768/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Newtonbrook East: $1.25M in September 2026, down 17% from a year ago, on 69 closings in 8 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.43M | 5 |
| March 2026 | $1.40M | 11 |
| April 2026 | $2.25M | 7 |
| May 2026 | $1.38M | 15 |
| June 2026 | $1.31M | 7 |
| July 2026 | $1.30M | 7 |
| August 2026 | $1.28M | 9 |
| September 2026 | $1.25M | 8 |
Neighbourhood & location
Newtonbrook East, 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
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 $798,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,414
- Property tax
- $765
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,179
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,435
- Toronto municipal land transfer tax
- $16,435
- Estimated closing costs
- $32,870
Plus your down payment of $199,600. 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
- $264,869
- Principal paid down
- $97,550
- Interest paid
- $167,320
- Balance remaining
- $700,850
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 East (38 of 210 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 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 50 whole-home leases in Newtonbrook East signed at a median of $3,292 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,233. 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 SOLTANIAN REAL ESTATE INC.. MLS®/PropTx.