487 Hounslow Avenue, Toronto, ON
Willowdale West, Toronto · MLS® C13880104
About this home
In short
- Nestled on the highly sought-after Hounslow Avenue, south of Finch, in a desirable neighbourhood surrounded by impressive newer custom-built residences, this charming...
- The main level offers a warm and inviting atmosphere with timeless character, featuring three generously proportioned bedrooms and comfortable living spaces ready to...
- A standout feature is the newly finished lower level, thoughtfully designed with two bedrooms, a modern bathroom, a kitchen, and a spacious open-concept living and...
Nestled on the highly sought-after Hounslow Avenue, south of Finch, in a desirable neighbourhood surrounded by impressive newer custom-built residences, this charming detached bungalow presents an exceptional opportunity for homeowners, investors, and those looking to create their dream home in a prime North York location.The main level offers a warm and inviting atmosphere with timeless character, featuring three generously proportioned bedrooms and comfortable living spaces ready to be enjoyed as is or thoughtfully reimagined to suit modern tastes.A standout feature is the newly finished lower level, thoughtfully designed with two bedrooms, a modern bathroom, a kitchen, and a spacious open-concept living and dining area, offering remarkable flexibility for extended family or multigenerational living.Situated in an established neighbourhood experiencing an exciting transformation with luxurious custom homes, this property offers tremendous potential for future enhancement. Conveniently located within close proximity to TTC transit, major transportation routes, shopping, schools, parks, and everyday amenities.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- C13880104
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 50.07 × 131.93 ft
- Cross streets
- Yonge & Sheppard
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Available, Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,527 / 2026
- Days on market
- 11
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
laminate · window · pot lights
laminate · window · pot lights
laminate · window · pot lights
hardwood floor · closet · window
laminate · window · pot lights
hardwood floor · closet · window
hardwood floor · open concept · combined w/family
closet · window · hardwood floor
vinyl floor · w/o to patio
hardwood floor · open concept · combined w/dining
Listed at $1,398,000. Going by how homes in Willowdale West and the wider GTA have actually closed against their asking prices (about 96%, 18 local closings in 90 days), the likely sale price is near $1.35M, if it sells. A realistic range is $1.26M to $1.52M.
Independent value check: $1.30M. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $1.22M and $1.36M).
Why $1.30M. The typical detached home sold in Willowdale West over the past year went for about $1.46M (74 sales). What sets this one apart:
- ▼ Lowers itIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $7,527 a year; the typical home sold here pays about $8,300.
- ▼ Lowers it slightly1 garage and 3 total parking spaces, against 2 and 5.75 typically.
- ▲ Raises it slightlyThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $1.35M, from 18 recent closings in this pocket.
The market behind the math:
About 1.2 months of inventory: 7 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,075/sqft against an area asking average of $1,238/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 Willowdale West: 26 of the 154 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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.26M. 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.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
The assigned public school is Willowdale Middle School. 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
Priced above comparable homes overall, but the price per square foot ($1,075/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 18 comparable homes that sold in Willowdale West over the past two years, from 128 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $978/sqft; this home lists at $1,075/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Willowdale West: $1.32M in September 2026, up 16% from a year ago, on 68 closings in 10 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 | $1.83M | 7 |
| November 2025 | $1.45M | 6 |
| December 2025 | $1.34M | 6 |
| March 2026 | $1.34M | 6 |
| April 2026 | $1.37M | 5 |
| May 2026 | $1.65M | 10 |
| June 2026 | $1.30M | 7 |
| July 2026 | $2.32M | 6 |
| August 2026 | $1.94M | 8 |
| September 2026 | $1.32M | 7 |
Neighbourhood & location
Willowdale West, 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 21, 2026); conventional rates run a little higher.
Mortgage amount $1,118,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,184
- Property tax
- $627
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,811
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,435
- Toronto municipal land transfer tax
- $24,435
- Estimated closing costs
- $48,870
Plus your down payment of $279,600. 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
- $371,030
- Principal paid down
- $136,648
- Interest paid
- $234,382
- Balance remaining
- $981,752
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 Willowdale West (26 of 154 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 34 whole-home leases in Willowdale West signed at a median of $3,944 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,787. 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 REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.