48 Sharron Drive, Toronto, ON

Leaside, Toronto · MLS® C14029936

$3,449,000
For Sale
Listed 5 days agoNo offer date stated
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4+1Bedrooms
4Bathrooms
1Garage · 3 parking
2000-2500Sq ft

About this home

In short

  • Stunning Custom-Built Residence In The Highly Sought-After Bessborough School District.
  • Of Beautifully Designed Living Space, Including A Lower-Level Nanny Suite With A Separate Entrance, Full Kitchen And Spacious Recreation Room.
  • Thoughtfully Designed Open-Concept Main Floor With Soaring 10-Ft Ceilings, Perfect For Everyday Living And Entertaining.
  • Gourmet Kitchen Featuring An Impressive 11-Ft Island.
  • Generously Sized Bedrooms With Custom Closet Organizers, Including A Luxurious Primary Retreat With A Spa-Inspired Ensuite Featuring An Oversized Shower With Massage...

Stunning Custom-Built Residence In The Highly Sought-After Bessborough School District! Steps To The Vibrant Shops, Restaurants And Cafés Along Bayview Avenue, With Convenient Access To Public Transit And Major Highways. Offering Approximately 3,400 Sq. Ft. Of Beautifully Designed Living Space, Including A Lower-Level Nanny Suite With A Separate Entrance, Full Kitchen And Spacious Recreation Room. Thoughtfully Designed Open-Concept Main Floor With Soaring 10-Ft Ceilings, Perfect For Everyday Living And Entertaining. Gourmet Kitchen Featuring An Impressive 11-Ft Island. Expansive Floor-To-Ceiling Windows Flood The Home With Natural Light. Generously Sized Bedrooms With Custom Closet Organizers, Including A Luxurious Primary Retreat With A Spa-Inspired Ensuite Featuring An Oversized Shower With Massage Jets. Fourth Bedroom Features Custom Office Built-Ins, Ideal For Working From Home. Abundant Storage Throughout, Including A Spacious Mudroom And Large Garage Storage Loft. Built-In Garage Plus A Private Driveway Accommodating Up To Three Additional Vehicles. Smart Home Features, Two Full Kitchens And Two Laundry Rooms Offer Exceptional Convenience And Flexibility. A Rare Opportunity To Enjoy Modern Comfort, Thoughtful Design And Exceptional Functionality In The Heart Of Leaside!

Key facts

Property type
Detached, 2-Storey
MLS®
C14029936
Bedrooms
4+1 (5 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
71.42 × 100 ft
Cross streets
Rumsey Rd & Mcrae Dr
Parking
1 garage · 3 parking (built-in)
Driveway
Private Double
Basement
Finished with Walk-Out, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stucco (Plaster)
Foundation
Concrete
Roof
Asphalt Shingle, Membrane
Sewer
Sewer
Property tax
$12,691 / 2026
Days on market
5
Listing brokerage
JDL REALTY INC.

Rooms

Bedroom 5Lower5.23 × 3.40 m

window · vinyl floor · closet

Bedroom 3Second4.19 × 4.14 m

5 pc ensuite · closet organizers · crown moulding

Dining RoomMain4.57 × 4.19 m

gas fireplace · overlooks frontyard · b/i bookcase

KitchenLower3.43 × 1.68 m

b/i appliances · modern kitchen · vinyl floor

Primary BedroomSecond5.89 × 3.53 m

6 pc ensuite · walk-in closet(s) · window floor to ceiling

RecreationLower2.87 × 6.58 m

w/o to yard · combined w/kitchen · l-shaped room

KitchenMain5.08 × 3.86 m

centre island · quartz counter · b/i appliances

Family RoomMain5.18 × 4.04 m

w/o to deck · b/i bookcase · large window

Bedroom 4Second3.28 × 1.98 m

b/i desk · sliding doors · overlooks backyard

Bedroom 2Second4.29 × 4.50 m

picture window · crown moulding · closet organizers

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

On schools, this address is zoned for Bessborough Drive Elementary and Middle School, 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.

What sellers nearby are askingCurrently listed nearby in Leaside · asking prices
$3.49Mavg asking

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 $1,551/sqft; this home lists at $1,533/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
3.45MThis home3.00M3.48M4.00MThis home vs active comparables

Neighbourhood & location

Leaside, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Banbury-Don Mills
$5.50M
Woodbine-Lumsden
$949K
Wexford-Maryvale
$849K
Willowdale East
$2.29M
Bayview Village
$1.60M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

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 Bessborough Drive Elementary and Middle School
89%
Bessborough Drive Elementary and Middle SchoolPublic · Elementary · 0.2 km awayHigher-rated than most nearby · 89% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Northlea Elementary and Middle School · Public elementary0.8 km · 84% at standard
Maurice Cody Junior Public School · Public elementary0.9 km · 90% at standard
Rolph Road Elementary School · Public elementary0.9 km · 88% at standard
Bennington Heights Elementary School · Public elementary1.5 km · 80% at standard
Hodgson Middle School · Public elementary1.6 km · 76% at standard
Eglinton Junior Public School · Public elementary1.8 km · 70% at standard
Northern Secondary School · Public secondary1.8 km · 82% at standard
Thorncliffe Park Public School · Public elementary2.0 km · 33% at standard
Fraser Mustard Early Learning Academy · Public elementary2.0 km
Sunny View Junior and Senior Public School · Public elementary2.1 km
Blythwood Junior Public School · Public elementary2.2 km · 88% at standard
North Toronto Collegiate Institute · Public secondary2.3 km · 88% at standard

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

Affordability & Mortgage

Affordability
$15,719/mo
$633KIncome needed
5.4×Price ÷ income
$3,628Weekly cost
$149,890Land 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.

94%mortgage
Mortgage $15,719Property tax $1,058Total carry $16,777

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)
$15,256per month

Mortgage amount $2,759,200 · 4.49% over 25 years

$689,800Down payment (20.0%)
$2,759,200Loan before insurance
$0CMHC premium
$16,314Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$15,256
Property tax
$1,058
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$16,314

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

One-time closing costs

Ontario land transfer tax
$72,700
Toronto municipal land transfer tax
$77,190
Estimated closing costs
$149,890

Plus your down payment of $689,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$18,465/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

$1,817,627Total interest paid
$4,576,827Total of all payments
Principal $2,759,200 Interest $1,817,627
YearPrincipalInterestBalance
1$61,574$121,499$2,697,626
2$64,369$118,704$2,633,257
3$67,292$115,781$2,565,965
4$70,347$112,726$2,495,618
5$73,541$109,532$2,422,077
6$76,880$106,193$2,345,196
7$80,371$102,702$2,264,825
8$84,020$99,053$2,180,805
9$87,835$95,238$2,092,970
10$91,823$91,250$2,001,147
11$95,992$87,081$1,905,155
12$100,351$82,722$1,804,804
13$104,907$78,166$1,699,897
14$109,670$73,403$1,590,227
15$114,650$68,423$1,475,577
16$119,855$63,218$1,355,722
17$125,297$57,776$1,230,425
18$130,986$52,087$1,099,439
19$136,933$46,140$962,505
20$143,151$39,922$819,355
21$149,650$33,423$669,704
22$156,445$26,628$513,259
23$163,548$19,525$349,711
24$170,974$12,099$178,737
25$178,737$4,336$0

At the end of your 5-year term

Total paid over the term
$915,365
Principal paid down
$337,123
Interest paid
$578,242
Balance remaining
$2,422,077

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$4,200/mo
$50,400Gross annual rent
0.9%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

1.5%
Gross yield
− Property tax $12,691− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $30,765

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

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