Nevada Avenue
550 m Away2019
Sign In To See The Price185 Steeles Avenue, Toronto, ON
Newtonbrook East, Toronto · MLS® C14171514
$1,588,000
For SaleJust Listed Today
4+2BedroomsBeds
5BathroomsBaths
1Garage · 8 Parking
8Parking
1500-2000Sq ft
Listed By RE/MAX Realtron Realty Inc.
Own Nearby? Discuss Your Home's Value ›Top 1% of agents in Canada · 5.0 / 300+ reviews across the web
Key Facts
- Property type
- Detached, 1 1/2 Storey
- Lot
- 67 × 120.75 ft
- Basement
- Finished, Separate Entrance
- Parking
- 1 garage · 8 parking (detached)
- Property tax
- $7,473 / 2025
- Offer date
- None stated
- Cross streets
- Bayview/Steeles
All Facts And 12 Rooms, Floor By Floor
- Property type
- Detached, 1 1/2 Storey
- MLS®
- C14171514
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 5
- Size
- 1500-2000 sq ft
- Lot
- 67 × 120.75 ft
- Cross streets
- Bayview/Steeles
- Parking
- 1 garage · 8 parking (detached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Kitchens
- 5 (3 + 2)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,473 / 2025
- Offer date
- None stated
- Listing brokerage
- RE/MAX Realtron Realty Inc.
KitchenBasement2.00 × 2.00 m
Laminate
KitchenMain3.55 × 3.40 m
Laminate
Living RoomMain4.34 × 4.26 m
Laminate
DenSecond2.33 × 2.13 m
Laminate
BedroomBasement4.82 × 3.81 m
Laminate
KitchenUpper2.70 × 3.00 m
Laminate
Primary BedroomMain4.02 × 3.65 m
Laminate
Bedroom 2Second6.09 × 3.43 m
Laminate
BedroomBasement3.31 × 2.89 m
Laminate
Dining RoomMain4.34 × 3.65 m
Laminate
Bedroom 2Second4.49 × 3.00 m
Laminate
KitchenBasement2.00 × 2.00 m
Laminate
About This Home
From The Listing Description By RE/MAX Realtron Realty Inc.
In short
- Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East! Attention Investors, Builders & Developers.
- Unlock the incredible potential of this expansive 67 x 120.75 Ft Lot with excellent exposure on Steeles Avenue in a highly desirable Toronto location.
- Currently configured as 5 income-generating rental units, this property produces approximately $7,000-$8,000 in monthly rental income, offering immediate cash flow...
- Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating...
Read The Full Description
**Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East!** Attention Investors, Builders & Developers! Unlock the incredible potential of this expansive **67 x 120.75 Ft Lot** with excellent exposure on Steeles Avenue in a highly desirable Toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**Outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the City of Toronto.50 foot lot has been granted same recently on Steeles Ave E. An excellent opportunity to explore **CMHC financing programs**, including MLI Select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**Invest Today, Generate Income Tomorrow & Build for the Future!** Whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in Toronto, this property offers tremendous long-term potential. **Rare Opportunity to Acquire a Large Income-Producing Lot with Significant Redevelopment Upside!***Buyer and Buyer's Agent to conduct their own due diligence regarding zoning, permitted uses, development potential, All development concepts are subject to City of Toronto approval.*
Our Take
Team Asgarian, RE/MAX Hallmark Realty Ltd.A small discount is typical
$1.53Mlikely sale price
Listed at $1,588,000. Going by how homes in Newtonbrook East and across Toronto have actually closed against their asking prices (about 96%, blended from 22 local closings in 90 days), the likely sale price is near $1.53M, if it sells. A realistic range is $1.45M to $1.73M.
Independent value check. What our model says the home itself is worth, and what sets it apart, is free for signed-in members. Sign In To See It
List price
$1.45MBelow recent closings$1.73MAbove recent closings
Total price vs nearby homes. Likely closing about $1.53M, from 22 recent closings in this pocket.
The market behind the math, in Newtonbrook East
22sold nearby · 90 days
$1.39Mmedian detached sold · 90 days
97%of asking, local average
~20 dayshomes like this take to sell
$4,553/moest. rent · 8 leases
3.4%gross yield on the ask
Buyer's market
Buyer's marketSeller's market
About 5.2 months of inventory: 38 detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers. This reads supply only, not prices.
This home
Below area avgAbove area avg
Price per square foot: this home lists at $907/sqft against an area asking average of $824/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Newtonbrook East: 40 of the 211 detached leases here lately were basement units, around $1,800 a month. That points to potential income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
The likely sale price starts from the asking price and how homes here have actually closed against theirs, so it says where this one will probably land, not what it is worth. Condition, finishes and how the home shows remain an in-person call.
What the listing highlights2 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
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Cummer Valley Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Newtonbrook East, so I widened the search to the surrounding area.
Based on 22 closings nearby in the last 90 days.
Sold Price Trend
Median sold price for detached homes in Newtonbrook East: $1.60M in October 2026, down 16% from a year ago, on 72 closings in 8 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 |
|---|---|---|
| March 2026 | $1.40M | 11 |
| April 2026 | $2.25M | 7 |
| May 2026 | $1.38M | 15 |
| June 2026 | $1.32M | 8 |
| July 2026 | $1.30M | 7 |
| August 2026 | $1.28M | 9 |
| September 2026 | $1.25M | 7 |
| October 2026 | $1.60M | 8 |
Own A Home Nearby?
Discuss your home's value and your selling plans with Team Asgarian. Free, with no obligation to list.
Our Transactions Near This Listing
Homes Team Asgarian has handled within 1 km of Steeles Avenue. Signed-in members see each price, verified against board records.
Maxome Avenue
500 m Away2018
Sign In To See The Price
Paultiel Drive
650 m Away2026
Sign In To See The Price
Meadowview Avenue
950 m Away2018
Sign In To See The PriceOther Homes For Sale In Newtonbrook East
For sale in Newtonbrook East now · asking prices
How This Price Compares
$1.53Mavg asking
Every home like this one for sale in Newtonbrook East right now. These are asking prices, not sales.
This Home $907/sqft$1.59M17 Athabaska Avenue $1,223/sqft$1.59M99 Abitibi Avenue $492/sqft$1.60M104 Otonabee Avenue $857/sqft$1.50M11 Urbandale Avenue $666/sqft$1.50M19 Temagami Court $541/sqft$1.49M
Per square foot, these ask about $756/sqft; this home lists at $907/sqft.
The 5 closest in price of 28 for sale in Newtonbrook East.
See all comparable homesNeighbourhood & Location
Newtonbrook East, Toronto, ON
Commute
Time from this home to where you spend your dayEnter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Get The Full Neighbourhood Report (Schools, Parks, Transit & Safety) →
Schools & Catchment
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.
79%
Avondale Secondary Alternative SchoolEQAO results not published
Also nearby: 10 more schools within 2.5 km
Brebeuf College School · Catholic secondary0.2 km · 80% at standard
Lillian Public School · Public elementary0.5 km · 62% at standard
St Joseph Morrow Park Catholic Secondary School · Catholic secondary1.3 km · 74% at standard
Steelesview Public School · Public elementary1.6 km · 85% at standard
Lester B Pearson Elementary School · Public elementary1.7 km · 92% at standard
Blessed Trinity Catholic School · Catholic elementary1.9 km · 53% at standard
Newtonbrook Secondary School · Public secondary1.9 km · 68% at standard
Drewry Secondary School · Public secondary2.0 km
Finch Public School · Public elementary2.1 km · 72% at standard
St Paschal Baylon Catholic School · Catholic elementary2.3 km · 72% at standard
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Estimated Mortgage
$7,238/mo
$299KIncome needed
5.3×Price ÷ income
$1,670Weekly cost
$56,470Land transfer tax, one-time (Ontario + Toronto)
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.
Mortgage is 92% of the monthly costMortgage $7,238Property tax $623Total carry $7,860
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
$
20.0%
$
%
Homes over $1.5M can't be insured, so 20% down or more is required.
4.59%
%
Live rate from Ratehub.caConventional (20%+ down). Best insured 5-year fixed 4.44% via Ratehub.ca (as of November 11, 2026); conventional rates run a little higher.
years
years (your rate-locked period)
$7,095per month
Mortgage amount $1,270,400 · 4.59% over 25 years
$317,600Down payment (20.0%)
$1,270,400Loan before insurance
$0CMHC premium
$7,718Total monthly cost
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,095
- Property tax
- $623
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,718
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,235
- Toronto municipal land transfer tax
- $28,235
- Estimated closing costs
- $56,470
Plus your down payment of $317,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
6.59%Qualifying rate
$8,579/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
$858,107Total interest paid
$2,128,507Total of all payments
Principal $1,270,400 Interest $858,107
YearPrincipalInterestBalance
1$27,957$57,184$1,242,443
2$29,255$55,886$1,213,189
3$30,613$54,528$1,182,576
4$32,034$53,106$1,150,542
5$33,521$51,619$1,117,021
6$35,078$50,063$1,081,943
7$36,706$48,434$1,045,237
8$38,410$46,730$1,006,827
9$40,193$44,947$966,634
10$42,060$43,081$924,574
11$44,012$41,128$880,562
12$46,056$39,085$834,506
13$48,194$36,947$786,313
14$50,431$34,709$735,881
15$52,773$32,368$683,109
16$55,223$29,918$627,886
17$57,786$27,354$570,100
18$60,469$24,671$509,630
19$63,277$21,864$446,354
20$66,214$18,926$380,139
21$69,289$15,852$310,851
22$72,505$12,635$238,345
23$75,872$9,269$162,474
24$79,394$5,746$83,080
25$83,080$2,060$0
At the end of your 5-year term
- Total paid over the term
- $425,701
- Principal paid down
- $153,379
- Interest paid
- $272,322
- Balance remaining
- $1,117,021
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.
Questions About 185 Steeles Avenue
What is the asking price for 185 Steeles Avenue?
It is listed at $1,588,000.
How many bedrooms and bathrooms does 185 Steeles Avenue have?
4+2 bedrooms, and 5 bathrooms.
How big is 185 Steeles Avenue?
The listing gives 1500-2000 sq ft of living space, on a 67 × 120.75 ft lot.
Does 185 Steeles Avenue have parking?
1 garage space, 8 parking spaces in all.
What are the property taxes on 185 Steeles Avenue?
$7,473 a year, for 2025.
Is there an offer date for 185 Steeles Avenue?
The listing does not state an offer date.
Which schools is 185 Steeles Avenue zoned for?
By the school boards' attendance boundaries: Cummer Valley Middle School, Avondale Secondary Alternative School and St. Agnes. Boundaries change, so confirm with the board before relying on it.
When was 185 Steeles Avenue listed?
It came on the market on November 11, 2026.
Who is the listing brokerage for 185 Steeles Avenue?
RE/MAX Realtron Realty Inc. Showing requests on this page go to Team Asgarian, RE/MAX Hallmark Realty Ltd.
How can I request a showing of 185 Steeles Avenue?
Send a showing request with your phone number, or call (416) 837-8000. Team Asgarian will call you to confirm a time.
Can Team Asgarian represent me as the buyer?
Yes, if you are not already working with another agent. We talk it through on the call before anything is signed.
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX Realtron Realty Inc. MLS®/PropTx.