2 Marchwood Drive, Toronto, ON
Lansing-Westgate, Toronto · MLS® C14083696
About this home
In short
- Don't miss this opportunity to see 2 Marchwood Drive at its newly reduced price.
- Surrounded by lovely neighbours, the home sits on a generous 50' x 121' corner lot.
- The sun-filled main level features 10-foot ceilings and a versatile open-concept layout designed for both entertaining and everyday family life.
- The chef's kitchen is equipped with fully integrated Sub-Zero and Wolf appliances, quartz and marble countertops, and a walk-in pantry with custom millwork.
- The fully finished lower level further expands the home's living space, with heated floors, a built-in bar, a home gym, and flexible areas ideal for media...
Don't miss this opportunity to see 2 Marchwood Drive at its newly reduced price. This recently completed, contemporary custom home is situated on a private, tree-lined street in the wonderful, family-friendly community of Armour Heights. Surrounded by lovely neighbours, the home sits on a generous 50' x 121' corner lot. Thoughtfully designed with a functional layout and meticulous attention to detail, this home offers more than 6,500 square feet of usable living space.The sun-filled main level features 10-foot ceilings and a versatile open-concept layout designed for both entertaining and everyday family life. The chef's kitchen is equipped with fully integrated Sub-Zero and Wolf appliances, quartz and marble countertops, and a walk-in pantry with custom millwork. The main level also includes an oversized mudroom with custom storage and bench seating, as well as a home office featuring bespoke millwork and custom built-ins that could easily be converted into an elegant dining room for large family gatherings.The upper level features four generously proportioned bedrooms, each with its own private ensuite. The primary bedroom is a true sanctuary, complete with a custom walk-in closet and a spa-inspired ensuite featuring large windows surrounded by mature trees for privacy.The fully finished lower level further expands the home's living space, with heated floors, a built-in bar, a home gym, and flexible areas ideal for media, recreation, or extended family living. Additional features include a Sonos integrated sound system, Kohler fixtures, curated LED accent lighting, a double-car garage, and a full AI-enabled security system. A rare opportunity to own a home of this size and calibre at an exceptional price. Set in an established, family-oriented neighbourhood, this is one of the few pockets in the city where children can play in the street and ride their bikes freely, all just moments from top-rated schools, parks, shops, and everyday conveniences.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- C14083696
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50.5 × 121.29 ft
- Cross streets
- Avenue & 401
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Full
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,692 / 2025
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
marble fireplace · built-in speakers · b/i bookcase
5 pc ensuite · heated floor · walk-in closet(s)
b/i shelves · laundry sink · linen closet
b/i bookcase · built-in speakers · window floor to ceiling
large window · mirrored walls · built-in speakers
3 pc ensuite · hardwood floor · double closet
closet · tile floor · panelled
b/i bar · combined w/great rm · heated floor
b/i appliances · marble counter · pantry
b/i bookcase · hardwood floor · recessed lighting
hardwood floor · heated floor · double closet
3 pc ensuite · hardwood floor · double closet
3 pc ensuite · hardwood floor · double closet
Listed at $3,749,000. Going by how homes in Lansing-Westgate and the wider GTA have actually closed against their asking prices (about 97%, 20 local closings in 90 days), the likely sale price is near $3.65M, if it sells. A realistic range is $3.42M to $4.11M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Total price vs nearby homes. Likely closing about $3.65M, from 20 recent closings in this pocket.
The market behind the math:
About 1.1 months of inventory: 7 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $882/sqft against an area asking average of $773/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
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 20 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.54M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Summit Heights Public 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.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 20 comparable homes that sold in Lansing-Westgate over the past two years, from 133 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 $733/sqft; this home lists at $882/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,361 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 776 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 679 |
Neighbourhood & location
Lansing-Westgate, 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 $2,999,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,583
- Property tax
- $641
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,224
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $80,200
- Toronto municipal land transfer tax
- $87,690
- Estimated closing costs
- $167,890
Plus your down payment of $749,800. 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
- $994,985
- Principal paid down
- $366,447
- Interest paid
- $628,539
- Balance remaining
- $2,632,753
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
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 14 whole-home leases in Lansing-Westgate signed at a median of $7,563 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,899. 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 CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.