256 Erskine Avenue, Toronto, ON

Mount Pleasant East, Toronto · MLS® C13875188

$1,998,000
For Sale
Listed 10 days agoNo offer date stated

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3Bedrooms
3Bathrooms
1Garage · 3 parking
1500-2000Sq ft

About this home

In short

  • Stunning family home nestled in the coveted Sherwood Park neighbourhood in midtown Toronto.
  • Beautiful eat-in kitchen boasts a breakfast bar, Wolf gas stove, pot lights and a picturesque bay window.
  • Finished lower level with high ceilings is perfect for entertaining or a home office.
  • Other notable features include 3 large bedrooms, 3 spa-inspired bathrooms, gleaming hardwood floors, skylights, new roof and a new deck.
  • Conveniently located close to the subway, outstanding schools, trendy dining, shopping and parks.

Stunning family home nestled in the coveted Sherwood Park neighbourhood in midtown Toronto! Beautiful eat-in kitchen boasts a breakfast bar, Wolf gas stove, pot lights and a picturesque bay window. Formal dining room opens to an inviting family room with gas fireplace and a walk-out to the rear gardens. Finished lower level with high ceilings is perfect for entertaining or a home office. Bright and spacious principal rooms have been professionally painted in a neutral designer palette. Other notable features include 3 large bedrooms, 3 spa-inspired bathrooms, gleaming hardwood floors, skylights, new roof and a new deck. Built-in garage has plenty of storage space and the private driveway can accommodate additional 2 cars. Conveniently located close to the subway, outstanding schools, trendy dining, shopping and parks. Welcome Home!

Key facts

Property type
Detached, 2-Storey
MLS®
C13875188
Bedrooms
3
Bathrooms
3
Size
1500-2000 sq ft
Lot
25 × 130 ft
Cross streets
Mount Pleasant & Eglinton
Parking
1 garage · 3 parking (built-in)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Stucco (Plaster)
Foundation
Concrete Block
Roof
Flat
Sewer
Sewer
Property tax
$9,875 / 2026
Days on market
10
Listing brokerage
RE/MAX WEST REALTY INC.

Rooms

BedroomSecond3.43 × 5.72 m

hardwood floor · w/w closet · bay window

Utility RoomLower1.52 × 2.82 m
BedroomSecond4.06 × 3.43 m

hardwood floor · double closet · window

KitchenMain3.79 × 5.77 m

breakfast bar · bay window

Dining RoomMain3.73 × 3.33 m

hardwood floor · separate room · pot lights

RecreationLower5.00 × 9.40 m

w/w closet · pot lights · above grade window

Primary BedroomSecond3.25 × 4.70 m

hardwood floor · 3 pc ensuite · walk-in closet(s)

LaundryLower1.50 × 610.00 m
Family RoomMain5.18 × 4.78 m

pot lights · gas fireplace · w/o to deck

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

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.

Neighbourhood & location

Mount Pleasant East, Toronto, ON

CommuteTime from this home to where you spend your day

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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 Fisher Junior Public School
85%
John Fisher Junior Public SchoolPublic · Elementary · 0.7 km awayHigher-rated than most nearby · 85% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Northern Secondary School · Public secondary0.3 km · 82% at standard
Eglinton Junior Public School · Public elementary0.6 km · 70% at standard
Sunny View Junior and Senior Public School · Public elementary0.7 km
Blythwood Junior Public School · Public elementary0.7 km · 88% at standard
Leaside High School · Public secondary1.3 km · 87% at standard
Maurice Cody Junior Public School · Public elementary1.3 km · 90% at standard
Northlea Elementary and Middle School · Public elementary1.6 km · 84% at standard
Spectrum Alternative Senior School · Public elementary1.6 km
St Anselm Catholic School · Catholic elementary1.7 km · 90% at standard
Bessborough Drive Elementary and Middle School · Public elementary1.7 km · 89% at standard
Davisville Junior Public School · Public elementary1.7 km · 86% at standard
John Ross Robertson Junior Public School · Public elementary1.7 km · 83% at standard

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

Affordability & Mortgage

Affordability
$9,106/mo
$376KIncome needed
5.3×Price ÷ income
$2,101Weekly cost
$72,870Land 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.

92%mortgage
Mortgage $9,106Property tax $823Total carry $9,929

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8,838per month

Mortgage amount $1,598,400 · 4.49% over 25 years

$399,600Down payment (20.0%)
$1,598,400Loan before insurance
$0CMHC premium
$9,661Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,838
Property tax
$823
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9,661

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

One-time closing costs

Ontario land transfer tax
$36,435
Toronto municipal land transfer tax
$36,435
Estimated closing costs
$72,870

Plus your down payment of $399,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$10,697/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

$1,052,948Total interest paid
$2,651,348Total of all payments
Principal $1,598,400 Interest $1,052,948
YearPrincipalInterestBalance
1$35,669$70,384$1,562,731
2$37,289$68,765$1,525,441
3$38,982$67,072$1,486,459
4$40,752$65,302$1,445,707
5$42,602$63,452$1,403,105
6$44,537$61,517$1,358,568
7$46,559$59,495$1,312,010
8$48,673$57,381$1,263,337
9$50,883$55,171$1,212,454
10$53,193$52,861$1,159,261
11$55,608$50,446$1,103,653
12$58,133$47,921$1,045,520
13$60,772$45,281$984,748
14$63,532$42,522$921,216
15$66,416$39,638$854,799
16$69,432$36,622$785,368
17$72,584$33,470$712,783
18$75,880$30,174$636,903
19$79,325$26,729$557,578
20$82,927$23,127$474,651
21$86,692$19,362$387,959
22$90,628$15,426$297,330
23$94,743$11,311$202,587
24$99,045$7,009$103,542
25$103,542$2,512$0

At the end of your 5-year term

Total paid over the term
$530,270
Principal paid down
$195,295
Interest paid
$334,975
Balance remaining
$1,403,105

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
Estimate$3,150/mo
$37,800Gross annual rent
1.1%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

1.9%
Gross yield
− Property tax $9,875− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $22,367

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

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