24 Cedarbank Crescent, Toronto, ON
Banbury-Don Mills, Toronto · MLS® C14097094
About This Home
In short
- Situated on a premium ravine lot that expands to over 61 feet wide at the rear, this home is tucked away on a quiet, peaceful street in the highly sought after Don...
- Step inside to a spacious main floor featuring high ceilings and a versatile layout.
- From the living room and kitchen, walk straight out to a large, east-facing deck-the perfect spot for morning coffee overlooking the private yard and mature ravine trees.
- The upper level features four well-proportioned bedrooms, including a primary retreat equipped with a luxury ensuite bathroom with heated floors, offering serene...
- Step through the glass doors directly onto a covered patio, where you can unwind in your private hot tub while taking in the peaceful ravine backdrop.
Read the full description
Welcome to this exceptional 5+1 bedroom, 4 bathroom residence offering over 2,500 square feet of bright living space plus a fully finished walk-out lower level. Situated on a premium ravine lot that expands to over 61 feet wide at the rear, this home is tucked away on a quiet, peaceful street in the highly sought after Don Mills community. Step inside to a spacious main floor featuring high ceilings and a versatile layout. The main level includes a convenient bedroom that functions perfectly as a dedicated home office. Gather in the light-filled living room, centred around a cozy wood-burning fireplace. The heart of the home is the expansive eat-in kitchen, complete with built-in bench seating. From the living room and kitchen, walk straight out to a large, east-facing deck-the perfect spot for morning coffee overlooking the private yard and mature ravine trees.The upper level features four well-proportioned bedrooms, including a primary retreat equipped with a luxury ensuite bathroom with heated floors, offering serene views of the backyard. A dedicated second floor laundry room adds daily convenience, alongside three additional spacious bedrooms.The fully finished walk-out lower level expands your living space. The massive family room features a second wood-burning fireplace, creating a warm ambiance. Step through the glass doors directly onto a covered patio, where you can unwind in your private hot tub while taking in the peaceful ravine backdrop. The additional lower level bedroom offers excellent flexibility for guests and the expansive recreation room is a perfect fitness room or hobby space. Located close to great public and private schools. With the DVP and TTC close by, commuting is seamless. Enjoy incredible convenience with the nearby Shops of Don Mills, providing premium dining, entertainment, and shopping just minutes from your front door. This ravine property perfectly blends urban accessibility with private, natural serenity.
Key Facts
- Property type
- Detached, 2-Storey
- MLS®
- C14097094
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 53 × 129.91 ft
- Cross streets
- Nortth of Lawrence/East of Don Mills.
- Parking
- 3 parking
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $9,961 / 2025
- Days on market
- 9
- Listing brokerage
- RE/MAX PRIME PROPERTIES - UNIQUE GROUP
Rooms
See all 12 rooms, floor by floor
hardwood floor · closet · west view
hardwood floor · closet · overlooks backyard
hardwood floor · b/i desk · built-in speakers
hardwood floor · closet · overlooks backyard
large closet · 4 pc ensuite · overlooks backyard
fireplace · w/o to patio · overlooks backyard
hardwood floor · large closet · west view
hardwood floor · fireplace · w/o to deck
hardwood floor · w/o to deck · overlooks backyard
hardwood floor · overlooks frontyard · west view
laundry sink · b/i shelves · cedar closet(s)
closet · overlooks backyard · east view
Our Take
Team Asgarian · BrokerListed at $2,299,000. Going by how homes in Banbury-Don Mills and the wider GTA have actually closed against their asking prices (about 97%, 19 local closings in 90 days), the likely sale price is near $2.22M, if it sells. A realistic range is $2.08M to $2.50M.
Independent value check: $2.04M. Without looking at the asking price, our model values the home itself about 11% below the ask (homes like it typically land between $1.91M and $2.14M).
Why $2.04M. The typical detached home sold in Banbury-Don Mills over the past year went for about $2.30M (83 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $9,961 a year; the typical home sold here pays about $11,900.
Total price vs nearby homes. Likely closing about $2.22M, from 19 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 19 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $836/sqft against an area asking average of $833/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Banbury-Don Mills basements rarely rent out (7 of 153 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.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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 19 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.74M. 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- 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
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Don Mills 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 ($836/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 19 comparable homes that sold in Banbury-Don Mills over the past two years, from 168 closings there.
What sellers nearby are asking
For sale in Banbury-Don Mills now · asking prices
Every home like this one for sale in Banbury-Don Mills right now, newest listing first. These are asking prices, not sales.
Per square foot, these ask about $860/sqft; this home lists at $836/sqft. Size is part of the price story, not just the sticker.
The 5 closest in price of 48 for sale in Banbury-Don Mills.
See all comparable homesSold price trend
Median sold price for detached homes in Banbury-Don Mills: $1.85M in September 2026, up 12% from a year ago, on 75 closings in 9 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 | $1.94M | 8 |
| November 2025 | $2.12M | 11 |
| December 2025 | $2.60M | 5 |
| February 2026 | $1.70M | 5 |
| April 2026 | $2.37M | 8 |
| May 2026 | $2.47M | 10 |
| June 2026 | $2.80M | 10 |
| July 2026 | $2.48M | 8 |
| September 2026 | $1.85M | 10 |
Thinking of selling near Banbury-Don Mills?
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Neighbourhood & location
Banbury-Don Mills, 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) →
Schools & catchment
Assigned attendance-boundary schools, with EQAO resultsThe 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.
Questions About 24 Cedarbank Crescent
What is the asking price for 24 Cedarbank Crescent?
It is listed at $2,299,000.
How many bedrooms and bathrooms does 24 Cedarbank Crescent have?
5+1 bedrooms, and 4 bathrooms (1 of them half baths).
How big is 24 Cedarbank Crescent?
The listing gives 2500-3000 sq ft of living space, on a 53 × 129.91 ft lot.
Does 24 Cedarbank Crescent have parking?
3 parking spaces, no garage listed.
What are the property taxes on 24 Cedarbank Crescent?
$9,961 a year, for 2025.
Is there an offer date for 24 Cedarbank Crescent?
The listing does not state an offer date.
Which schools is 24 Cedarbank Crescent zoned for?
By the school boards' attendance boundaries: Norman Ingram Public School, Don Mills Middle School, Don Mills Collegiate Institute and St. Bonaventure. Boundaries change, so confirm with the board before relying on it.
When was 24 Cedarbank Crescent listed?
It came on the market on October 20, 2026.
Who is the listing brokerage for 24 Cedarbank Crescent?
RE/MAX PRIME PROPERTIES - UNIQUE GROUP. Team Asgarian can book you a private showing and represent you as the buyer: (416) 837-8000.
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
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 4.44% via Ratehub.ca (as of October 30, 2026); conventional rates run a little higher.
Mortgage amount $1,839,200 · 4.59% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,272
- Property tax
- $830
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,102
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,950
- Toronto municipal land transfer tax
- $43,950
- Estimated closing costs
- $87,900
Plus your down payment of $459,800. 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
- $616,302
- Principal paid down
- $222,052
- Interest paid
- $394,250
- Balance remaining
- $1,617,148
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PRIME PROPERTIES - UNIQUE GROUP. MLS®/PropTx.