1042 Avenue Road, Toronto, ON
Lawrence Park South, Toronto · MLS® C13856606
About this home
In short
- Beautifully built as a part of the esteemed, "On The Avenue" development, this gracious four storey freehold townhome has soaring ceiling heights on every floor...
- The elevator services the main level right up to the very top fourth floor for the ultimate in convenience.
Beautifully built as a part of the esteemed, "On The Avenue" development, this gracious four storey freehold townhome has soaring ceiling heights on every floor, large open concept principal rooms, a main floor powder room, spacious bedroom suites (two with their own sitting rooms) and a phenomenal, light filled family room on the top floor complete with a built-in bar and a walkout to the fabulous 175 square foot rooftop deck. The elevator services the main level right up to the very top fourth floor for the ultimate in convenience. For ever greater convenience, homeowners here get the benefit of "turn-key" living with professional maintenance services included in the monthly common elements' fee looking after landscaping, snow removal and garbage removal. There is also a heated driveway and guest parking. Nestled amidst an incredibly popular residential neighbourhood and brilliantly located close to the many restaurants and shops of the ever popular "Eglinton Way" and the new Eglinton LRT, this sought after area also has an abundance of parks and trails.
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- C13856606
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 16.24 × 40.02 ft
- Cross streets
- Avenue Road & Eglinton Ave. East
- Parking
- 1 garage (built-in)
- Driveway
- Mutual
- Basement
- Separate Entrance, Partial Basement
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone
- Foundation
- Poured Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $7,804 / 2026
- Days on market
- 17
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Rooms
combined w/dining · recessed lighting · fireplace
combined w/living · recessed lighting · open concept
hardwood floor · b/i bar · w/o to deck
hardwood floor · double closet · recessed lighting
hardwood floor · 5 pc ensuite · balcony
hardwood floor · recessed lighting · east view
hardwood floor · double closet · recessed lighting
hardwood floor · recessed lighting · east view
open concept · b/i appliances · recessed lighting
Listed at $1,699,000, about 15% above our estimate of $1.48M (homes like it typically land between $1.39M and $1.55M).
Total price vs nearby homes. Fair value about $1.48M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $755/sqft against an area asking average of $716/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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.56M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Schools & getting aroundcatchment and transit
On schools, this address is zoned for North Toronto Collegiate Institute, 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
Priced above comparable homes overall, but the price per square foot ($755/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Lawrence Park South, so I widened the search to the surrounding area.
Based on 3 homes sold on this street over the past two years, plus 2 nearby in Lawrence Park South, from 6 closings in Lawrence Park South.
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.48M, which is where my estimate comes from.
Per square foot, these ask about $698/sqft; this home lists at $755/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Toronto: $1.06M in September 2026, down 3% from a year ago, on 900 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 | $1.05M | 84 |
| November 2025 | $1.04M | 75 |
| December 2025 | $1.05M | 55 |
| January 2026 | $1.04M | 38 |
| February 2026 | $1.17M | 53 |
| March 2026 | $1.09M | 86 |
| April 2026 | $1.22M | 95 |
| May 2026 | $1.10M | 88 |
| June 2026 | $1.05M | 97 |
| July 2026 | $960K | 91 |
| August 2026 | $995K | 47 |
| September 2026 | $1.06M | 91 |
Neighbourhood & location
Lawrence Park South, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $1,359,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,515
- Property tax
- $650
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,166
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,455
- Toronto municipal land transfer tax
- $30,455
- Estimated closing costs
- $60,910
Plus your down payment of $339,800. 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
- $450,915
- Principal paid down
- $166,069
- Interest paid
- $284,846
- Balance remaining
- $1,193,131
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
About the suite: in Lawrence Park South basements rarely rent out (0 of 6 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 5 whole-home leases in Lawrence Park South signed at a median of $5,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,500. 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 HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.