42 Raeburn Avenue, Toronto, ON
Lansing-Westgate, Toronto · MLS® C14119818
About This Home
In short
- Welcome to 42 Raeburn Avenue, an exceptional home nestled on a pretty tree lined street in prestigious Armour Heights.
- Beautifully appointed and thoughtfully maintained, this 3 bedroom, 3 bath residence offers an inviting blend of timeless elegance, modern comfort and exceptional...
- The sun-filled, open concept main floor is enhanced by a large living room front window and double French glass doors in the dining area.
- The generous living room opens to a spacious dining area and modern kitchen, while the dining room overlooks the expansive deck and private garden beyond.
- On the second level, three bedrooms provide comfort and tranquility, complemented by a beautifully renovated 4-piece bathroom.
Read the full description
Welcome to 42 Raeburn Avenue, an exceptional home nestled on a pretty tree lined street in prestigious Armour Heights. Beautifully appointed and thoughtfully maintained, this 3 bedroom, 3 bath residence offers an inviting blend of timeless elegance, modern comfort and exceptional family living. The sun-filled, open concept main floor is enhanced by a large living room front window and double French glass doors in the dining area. The generous living room opens to a spacious dining area and modern kitchen, while the dining room overlooks the expansive deck and private garden beyond. A rare and highly desirable main floor powder room adds both convenience and sophistication. On the second level, three bedrooms provide comfort and tranquility, complemented by a beautifully renovated 4-piece bathroom. The finished lower level offers an inviting recreation room, 3 piece bathroom, laundry area and ample storage. This home is ideal for family living, entertaining and relaxed outdoor living. An attached garage and private driveway add further convenience. Ideally situated in one of Toronto's most sought after neighbourhoods and school districts, this home is steps away from transit, schools, parks, Avenue Road Shops and Restaurants. An exceptional home in an outstanding family setting.
Key Facts
- Property type
- Detached, 2-Storey
- MLS®
- C14119818
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 41 × 125 ft
- Cross streets
- Bathurst & Wilson
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,916 / 2026
- Days on market
- 2
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Rooms
See all 9 rooms, floor by floor
porcelain floor · laundry sink · window
laminate · double closet · closet
hardwood floor · window · closet
porcelain floor · stainless steel appl · breakfast bar
hardwood floor · combined w/dining · picture window
hardwood floor · double doors · w/o to deck
porcelain floor · window
hardwood floor · picture window · double closet
hardwood floor · window · closet
Our Take
Team Asgarian · BrokerListed at $1,750,000. Going by how homes in Lansing-Westgate and the wider GTA have actually closed against their asking prices (about 98%, 16 local closings in 90 days), the likely sale price is near $1.71M, if it sells. A realistic range is $1.60M to $1.93M.
Independent value check: $1.49M. Without looking at the asking price, our model values the home itself about 15% below the ask (homes like it typically land between $1.40M and $1.56M).
Why $1.49M. The typical detached home sold in Lansing-Westgate over the past year went for about $1.78M (60 sales). What sets this one apart:
- ▼ Lowers it stronglyIt is 1,100 to 1,500 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it slightly3 bedrooms and 3 baths, against 4+1 and 4 typically.
- ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $8,916 a year; the typical home sold here pays about $9,900.
Total price vs nearby homes. Likely closing about $1.71M, from 16 recent closings in this pocket.
The market behind the math:
About 1.3 months of inventory: 7 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,346/sqft against an area asking average of $946/sqft.
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 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.47M. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
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
There were not many closely comparable homes right in Lansing-Westgate, so I widened the search to the surrounding area.
Based on 16 comparable homes that sold in Lansing-Westgate over the past two years, from 127 closings there.
What sellers nearby are asking
For sale in Lansing-Westgate now · asking prices
Every home like this one for sale in Lansing-Westgate right now, newest listing first. These are asking prices, not sales.
Per square foot, these ask about $993/sqft; this home lists at $1,346/sqft. Size is part of the price story, not just the sticker.
The 5 closest in price of 12 for sale in Lansing-Westgate.
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 7,409 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 | 742 |
| November 2025 | $1.21M | 601 |
| December 2025 | $1.14M | 385 |
| January 2026 | $1.20M | 287 |
| February 2026 | $1.21M | 459 |
| March 2026 | $1.33M | 584 |
| April 2026 | $1.30M | 784 |
| May 2026 | $1.30M | 868 |
| June 2026 | $1.25M | 778 |
| July 2026 | $1.17M | 687 |
| August 2026 | $1.19M | 553 |
| September 2026 | $1.20M | 681 |
Thinking of selling near Lansing-Westgate?
You have just seen what homes around here are asking. We can tell you what yours would sell for, from the closings on your street, free and with no obligation.
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) →
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: 10 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Questions About 42 Raeburn Avenue
What is the asking price for 42 Raeburn Avenue?
It is listed at $1,750,000.
How many bedrooms and bathrooms does 42 Raeburn Avenue have?
3 bedrooms, and 3 bathrooms (1 of them half baths).
How big is 42 Raeburn Avenue?
The listing gives 1100-1500 sq ft of living space, on a 41 × 125 ft lot.
Does 42 Raeburn Avenue have parking?
1 garage space, 3 parking spaces in all.
What are the property taxes on 42 Raeburn Avenue?
$8,916 a year, for 2026.
Is there an offer date for 42 Raeburn Avenue?
The listing does not state an offer date.
Which schools is 42 Raeburn Avenue zoned for?
By the school boards' attendance boundaries: Summit Heights Public School, William Lyon Mackenzie Collegiate Institute and St. Margaret. Boundaries change, so confirm with the board before relying on it.
When was 42 Raeburn Avenue listed?
It came on the market on October 27, 2026.
Who is the listing brokerage for 42 Raeburn Avenue?
HARVEY KALLES REAL ESTATE LTD.. 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 $1,400,000 · 4.59% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,819
- Property tax
- $743
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,562
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $31,475
- Toronto municipal land transfer tax
- $31,475
- Estimated closing costs
- $62,950
Plus your down payment of $350,000. 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
- $469,129
- Principal paid down
- $169,026
- Interest paid
- $300,103
- Balance remaining
- $1,230,974
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 HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.