2 Lapworth Crescent, Toronto, ON
Steeles, Toronto · MLS® E13055716
About this home
Welcome to this stunning custom-built detached home by "Chiavatti Homes", Nestled on a premium corner lot in one of Scarborough's most sought-after neighborhoods. Boasting 4 spacious bedrooms 4 washrooms plus a fully finished basement with bedroom, kitchen, washroom, second fireplace and Separate Entrance. This home offers the perfect blend of comfort, space, and luxury. Step into the beautifully updated interior featuring renovated bathrooms, elegant tile flooring, and a unique front solarium that fills the home with natural light. The open and functional layout is ideal for families and entertaining alike. Bonus Main Floor Laundry Rough In Used as an Office with Side Entrance. The walk-up basement offers exceptional versatility perfect for extended family, guests, or potential income. Step outside the Kitchen to enjoy a large walk-out porch, perfect for relaxing or hosting gatherings while overlooking a well maintained garden and landscape with an enclosed Fig Tree! A True Two Family Home. Brand New Roof (2025) & Garage Door. Close to All Major Highways, 404 & 401, Hospital, Grocery & Transit. This Rare Home Offers So Much For All End Users. A Must See!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13055716
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000
- Lot
- 42.65 × 124.81 ft
- Cross streets
- Birchmount/McNicoll
- Parking
- 2 garage · 4 parking (attached)
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block, Concrete
- Roof
- Asphalt Shingle, Flat
- Sewer
- Sewer
- Property tax
- $7,843 / 2025
- Days on market
- 80
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
combined w/dining · large window · hardwood floor
overlooks backyard · closet · casement windows
quartz counter · porcelain floor · w/o to porch
fireplace · combined w/kitchen · hardwood floor
walk-up · combined w/rec · tile floor
tile floor · skylight · casement windows
overlooks frontyard · closet · casement windows
hardwood floor · large window
hardwood floor · combined w/living · casement windows
overlooks backyard · casement windows · closet
fireplace · hardwood floor · large window
window · mirrored closet · hardwood floor
porcelain floor · combined w/solarium
5 pc ensuite · walk-in closet(s) · overlooks frontyard
Listed at $1,588,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.44M, a close match.
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 $1.44M
- Size difference +$280K
- Bedrooms −$30K
- Adjusts to $1.69M
That comparable adjusts to $1.69M; the $1.58M estimate above is the median of all 6 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.
Its public catchment (Dr Norman Bethune Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. McNicoll Ave at Morbank Dr is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.58M, median of 6 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Corner lot: more light and frontage, sometimes at the cost of privacy.
- Income potential
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 3% above the area average of $558/sqft.
79 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Steeles, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA 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.
Most daily errands can be done on foot.
🚉 Nearest transit: McNicoll Ave at Morbank Dr, about 41 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,270,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,779
- Property tax
- $654
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,433
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
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
- $406,760
- Principal paid down
- $161,786
- Interest paid
- $244,974
- Balance remaining
- $1,108,614
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 RIGHT AT HOME REALTY. MLS®/PropTx.