147 Forman Avenue, Toronto, ON
Mount Pleasant East, Toronto · MLS® C14028978
About this home
In short
- Fully renovated three-bedroom, three-bathroom semi-detached home in sought-after Davisville Village, near Leaside.
- Enjoy a finished basement with a separate entrance, offering additional living space for relaxing, entertaining or working from home.
Fully renovated three-bedroom, three-bathroom semi-detached home in sought-after Davisville Village, near Leaside. Enjoy a finished basement with a separate entrance, offering additional living space for relaxing, entertaining or working from home. Located in the coveted Maurice Cody Public School catchment, this home offers easy access to neighbourhood shops, cafés, restaurants, parks and tennis courts. Convenient access to Eglinton and Davisville subway stations and downtown completes this exceptional opportunity to enjoy comfortable living in a vibrant, established community.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- C14028978
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3
- Size
- 1100-1500 sq ft
- Lot
- 27.5 × 96.5 ft
- Cross streets
- Eglinton/Mount Pleasant
- Parking
- 0 parking
- Driveway
- Mutual
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick, Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $10,400 / 2026
- Days on market
- 2
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
window · closet
window · closet
open concept · window
fireplace · window
Window
window · closet
Listed at $1,550,000. Going by how homes in Mount Pleasant East and the wider GTA have actually closed against their asking prices (about 100%, 18 local closings in 90 days), the likely sale price is near $1.56M, if it sells. A realistic range is $1.46M to $1.75M.
Independent value check: $1.62M. Without looking at the asking price, our model values the home itself about 5% above the ask (homes like it typically land between $1.52M and $1.70M).
Why $1.62M. The typical semi-detached home sold in Mount Pleasant East over the past year went for about $1.34M (75 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $10,400 a year; the typical home sold here pays about $7,400.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it0 garage and 0 total parking spaces, against 1 and 1 typically.
- ▲ Raises it slightly3+1 bedrooms and 3 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $1.56M, from 18 recent closings in this pocket.
The market behind the math:
About 0.8 months of inventory: 5 semi-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 $1,192/sqft against an area asking average of $920/sqft.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. In Mount Pleasant East basements rarely rent out (3 of 54 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. 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 $1.80M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (Northern Secondary School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 9 homes sold on this street over the past two years, from 141 closings in Mount Pleasant East.
Nothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $1.62M, which is where my estimate comes from.
Per square foot, these ask about $925/sqft; this home lists at $1,192/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 semi-detached homes in Mount Pleasant East: $1.45M in September 2026, down 3% from a year ago, on 64 closings in 7 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 | $1.41M | 6 |
| November 2025 | $1.46M | 7 |
| March 2026 | $1.56M | 6 |
| April 2026 | $1.30M | 9 |
| May 2026 | $1.32M | 15 |
| June 2026 | $1.45M | 8 |
| September 2026 | $1.45M | 13 |
Neighbourhood & location
Mount Pleasant 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
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 16, 2026); conventional rates run a little higher.
Mortgage amount $1,240,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,856
- Property tax
- $867
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,723
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,475
- Toronto municipal land transfer tax
- $27,475
- Estimated closing costs
- $54,950
Plus your down payment of $310,000. 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
- $411,370
- Principal paid down
- $151,505
- Interest paid
- $259,865
- Balance remaining
- $1,088,495
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 Mount Pleasant East basements rarely rent out (3 of 54 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 30 whole-home leases in Mount Pleasant East signed at a median of $4,438 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,454. 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 RIGHT AT HOME REALTY. MLS®/PropTx.