185 Castlefield Avenue, Toronto, ON
Yonge-Eglinton, Toronto · MLS® C14032112
About this home
In short
- TURNKEY opportunity in Midtown Toronto.
- Owners occupy Bsmt & 2nd flr vacating on closing.
- Laneway access for potential Laneway Suite.
- The inviting main flr features bright, open-concept layout with a modern kitchen, spacious living/dining areas & cozy wood burning fireplace.
- The upper-level suite with soaring bi-level ceilings paired with a cozy loft retreat create a dramatic architectural feature maximizing space & natural light.
TURNKEY opportunity in Midtown Toronto. Spectacular purpose built Duplex w Legal BSMT Apt offering exceptional versatility for multigenerational living, extended family, or seeking a primary residence with added rental units. Owners occupy Bsmt & 2nd flr vacating on closing. Projected income $8500/mnth. Laneway access for potential Laneway Suite. Toronto living at its finest-walkable, well-connected, surrounded by some of the most desirable top-rated PUBLIC, PRIV & CHS Schools including, Allenby, Glenview, North Toronto CI, Bishop Allen Academy, St. Clement's, Havergal College & Marshall Mcluhan The Green Spaces - Eglinton Park, Lytton Sunken Gardens, just steps away from the multi-use North Toronto Memorial Community Centre. Yonge Street shops, restaurants, cafes, subway & the Crosstown LRT, offer an active lifestyle making it appealing to tenants, families, & investors alike. The inviting main flr features bright, open-concept layout with a modern kitchen, spacious living/dining areas & cozy wood burning fireplace. The upper-level suite with soaring bi-level ceilings paired with a cozy loft retreat create a dramatic architectural feature maximizing space & natural light. Each have access to a private spacious wooden deck, perfect for morning coffee, entertaining, or relaxing among the trees, while the loft showcases unobstructed skyline views. All units thoughtfully designed with each offering its own ensuite laundry & separately metered for hydro with quiet, electric baseboard heating paired in the primary suite with wall-mounted A/C for efficient, localized control. This Meticulously maintained, move-in ready home blends comfort, character & functionality - a rare chance to secure a high-quality, income-generating asset with strong upside for investors & end-users alike. Some homes simply check the boxes. Rarely does a property offer this combination of character, flexibility, scale & future potential. A home with room to live, grow & create your next chapter.
Key facts
- Property type
- Other, 3-Storey
- MLS®
- C14032112
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4
- Size
- 2000-2500 sq ft
- Lot
- 24.77 × 133.78 ft
- Cross streets
- Avenue / Castlefield
- Parking
- 2 garage · 4 parking (detached)
- Driveway
- Mutual
- Basement
- Apartment, Finished
- Kitchens
- 3 (2 + 1)
- Heating
- Baseboard
- A/C
- Wall Unit(s)
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,740 / 2026
- Days on market
- 5
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
hardwood floor · juliette balcony · combined w/living
hardwood floor · breakfast bar · open concept
hardwood floor · combined w/living · juliette balcony
hardwood floor · open concept · combined w/dining
hardwood floor · w/o to deck · his and hers closets
hardwood floor · fireplace · combined w/dining
hardwood floor · w/o to deck · his and hers closets
broadloom · 3 pc ensuite · b/i closet
tile floor · open concept · overlooks living
broadloom · pass through · skylight
hardwood floor · fireplace · vaulted ceiling(s)
tile floor · open concept · overlooks living
broadloom · his and hers closets · above grade window
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 readOn 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.
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 listings on the market. Homes like this one have recently closed around $1.77M, which is where my estimate comes from.
Per square foot, these ask about $1,139/sqft; this home lists at $688/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for homes in Yonge-Eglinton: $720K in September 2026, down 2% from a year ago, on 104 closings in 11 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 | $1.78M | 11 |
| November 2025 | $998K | 8 |
| December 2025 | $1.43M | 5 |
| February 2026 | $1.46M | 9 |
| March 2026 | $539K | 9 |
| April 2026 | $2.15M | 12 |
| May 2026 | $661K | 14 |
| June 2026 | $1.35M | 11 |
| July 2026 | $1.41M | 11 |
| August 2026 | $1.84M | 7 |
| September 2026 | $720K | 7 |
Neighbourhood & location
Yonge-Eglinton, 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 $1,239,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,852
- Property tax
- $728
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,580
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,455
- Toronto municipal land transfer tax
- $27,455
- Estimated closing costs
- $54,910
Plus your down payment of $309,800. 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
- $411,105
- Principal paid down
- $151,407
- Interest paid
- $259,698
- Balance remaining
- $1,087,793
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 Yonge-Eglinton basements rarely rent out (18 of 498 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 32 whole-home leases in Yonge-Eglinton signed at a median of $5,648 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,363. 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 RE/MAX ULTIMATE REALTY INC.. MLS®/PropTx.