1-3 Bonfield Avenue, Toronto, ON
The Beaches, Toronto · MLS® E12956996
About this home
** Prime Beach Investment Opportunity - South of Queen St East ** 1-3 Bonfield Ave is a rare offering in Toronto's prime Beach location. This detached 2-storey brick building features 4 charming 2-Bedroom suites plus two additional basement apartments. AAA location - just steps to the Boardwalk-Beach, Lake and vibrant Queen Street East. ** 6 Suites: 4 x 2-Bedroom / 1 x 1-Bedroom / 1 x Studio. Exceptional Curb Appeal: Front balconies for Upper suites; front porches for Main floor suites. Two-car garage located at the rear of the property. Vacancy: One Main Floor Suite is Vacant. Income Statement, Survey, and Floor Plans attached. A solid, well-maintained building with strong rental appeal-ideal for investors seeking a turnkey property in one of Toronto's most desirable neighbourhoods.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- E12956996
- Bedrooms
- 9 (8 + 1)
- Bathrooms
- 7
- Size
- 3500-5000
- Lot
- 41.33 × 97.17 ft
- Cross streets
- Bonfield Ave / Glen Manor Rd
- Parking
- 2 garage (detached)
- Driveway
- Mutual
- Basement
- Apartment, Development Potential, Partially Finished
- Kitchens
- 6 (4 + 2)
- Heating
- Water
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $14,463 / 2025
- Days on market
- 109
- Listing brokerage
- RE/MAX PRIME PROPERTIES - UNIQUE GROUP
Rooms
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Listed at $2,450,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
In The Beaches lately, homes sell in about 65 days.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 58 similar homes nearby, adjusted for size, beds, and baths.Median of 58 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $3.23M, higher than the comparables and worth a second look. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $3.20M
- Bedrooms +$196K
- Bathrooms +$39K
- Adjusts to $3.44M
That comparable adjusts to $3.44M; the $2.02M estimate above is the median of all 58 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On schools, this address is zoned for Malvern 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.
Total price vs nearby homes. Fair value about $2.02M, median of 58 comparables.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
The Beaches, Toronto, ON
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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.
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 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $1,960,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,459
- Property tax
- $1,205
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,665
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $47,725
- Toronto municipal land transfer tax
- $47,725
- Estimated closing costs
- $95,450
Plus your down payment of $490,000. 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
- $627,557
- Principal paid down
- $249,606
- Interest paid
- $377,951
- Balance remaining
- $1,710,394
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
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.