40 Alanbull Square, Toronto, ON

Milliken, Toronto · MLS® E12995494

$3,200/mo
For Lease
Listed 97 days ago
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4Bedrooms
3Bathrooms
2Parking
1500-2000Sq Ft
16 schools20+ transit stops13 parks20+ restaurantswithin 1.5 km

About this home

Modern Designed, 4 Bedroom Home In A Quiet, Family Friendly Neighbourhood W/ $$$ Spent On Upgrades, Located In High Demand, Convenient, Milliken Community. Beautiful Gourmet Kitchen W/ Plenty Of Storage, Functional Layout, Spacious Room W/ Lots Of Sunlight, & Hardwood Floors Throughout Home. Close To All Amenities, Walking Distance To Ttc, Milliken Mill Park, Schools, Supermarket, Pacific Mall, Library & So Much More! *Garage & Basement Are Not Included* Private laundry.

Key facts

Property type
Detached, 2-Storey
MLS®
E12995494
Bedrooms
4
Bathrooms
3 (1 half)
Size
1500-2000
Cross streets
Mccowan/Steeles
Parking
2 parking
Driveway
Private Double
Basement
None, Other
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Days on market
97
Listing brokerage
CENTURY 21 ATRIA REALTY INC.

Rooms

Living RoomMain7.32 × 3.00 m

hardwood floor · combined w/dining · pot lights

Moe’s TakeTeam Asgarian · Broker
Below comparables
$4,400/moest. value

Listed at $3,200/mo, this rental is about 27% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.

There were not many closely comparable homes right in Milliken, so I widened the search to the surrounding area.

Based on 5 similar rentals nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths.

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 $3,995/mo
  • Bedrooms −$150/mo
  • Bathrooms +$100/mo
  • Adjusts to $3,945/mo

That comparable adjusts to $3,945/mo; the $4,400/mo estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are my in-person call.

Its public catchment (Agnes Macphail Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

On location, this is a more car-dependent spot, so buyers here typically drive. McCowan Road at Walkway to Alanbull Square is about a 1-minute walk away. Worth weighing if transit access matters to you.

List price
$3,200/moBelow market$4,550/moAbove market

Total price vs nearby homes. Fair value about $4,400/mo, median of 5 comparables.

What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.

  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
  • Hardwood floors: quality hardwood is durable and broadly desirable.
  • Value driver
  • Lifestyle
Comparable listingsCurrently listed nearby · asking prices
$4,265avg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

5-53 Bishop Avenue$4,50034 Mystic Avenue$3,99570 Mann Avenue$4,300

The 3 closest active listings nearby.

See all comparable homes
3,200This home4,5003,9954,300This home vs active comparables
Live market pulseActive comparables in Milliken · median list $3K
6active listings nearby
97days on market

95 days longer than the Toronto average (2 days).

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Milliken, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

16/ 100

Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Almost all errands require a car — groceries and transit are a drive away.

🚉 Nearest transit: McCowan Road at Walkway to Alanbull Square, about 89 m away

20+ transit stops2 grocery20+ dining13 parks4 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Bendale
$3K
Wexford-Maryvale
$2K
Bayview Village
$1K
Newtonbrook East
$5K
Willowdale East
$4K

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 & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Agnes Macphail Public School
88%
Agnes Macphail Public SchoolPublic · Elementary · 0.4 km awayHigher-rated than most nearby · 88% meet the provincial standard

Affordability & Mortgage

Affordability
$15/mo
$4KIncome needed
0.7×Price ÷ income
$3Weekly cost
20% down4.79%25-yr amortization

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.

88%mortgage
Mortgage $15Property tax $2Total carry $17

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$14per month

Mortgage amount $2,560 · 4.14% over 25 years

$640Down payment (20.0%)
$2,560Loan before insurance
$0CMHC premium
$16Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$14
Property tax
$2
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$16

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$16
Toronto municipal land transfer tax
$16
Estimated closing costs
$32

Plus your down payment of $640. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$17/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

$1,538Total interest paid
$4,098Total of all payments
Principal $2,560 Interest $1,538
YearPrincipalInterestBalance
1$60$104$2,500
2$62$101$2,438
3$65$99$2,372
4$68$96$2,305
5$71$93$2,234
6$74$90$2,160
7$77$87$2,084
8$80$84$2,004
9$83$81$1,921
10$87$77$1,834
11$90$74$1,743
12$94$70$1,649
13$98$66$1,551
14$102$62$1,449
15$106$57$1,343
16$111$53$1,232
17$116$48$1,116
18$120$44$996
19$125$39$871
20$131$33$740
21$136$28$604
22$142$22$462
23$148$16$314
24$154$10$160
25$160$4$0

At the end of your 5-year term

Total paid over the term
$820
Principal paid down
$326
Interest paid
$494
Balance remaining
$2,234

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.

Let's connect

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 ATRIA REALTY INC.. MLS®/PropTx.

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