378 O'Connor Drive, Toronto, ON
East York, Toronto · MLS® E13079944
About this home
This distinguished detached bungalow offers exceptional income potential, outstanding structural integrity, and significant redevelopment opportunities. Thoughtfully designed and well constructed, this 2+1 bedroom residence presents an ideal opportunity for buyers seeking both immediate returns and substantial long term upside.The main level welcomes you with a bright, open concept living and dining area graced by rich hardwood floors, recessed pot lighting, and a handsome fireplace. The generous kitchen features stainless steel appliances and ample space for culinary pursuits. Two spacious bedrooms on the main floor provide exceptional convenience for families or those preferring single level living.The lower level is particularly impressive, a fully finished, self contained in law suite with its own private side entrance, complete with a full kitchen, living area, and additional bedroom. This thoughtfully configured layout offers seamless income potential, whether you choose to reside upstairs while leasing the lower unit or rent the entire property for strong, reliable cash flow. The expansive private backyard provides a tranquil setting for outdoor entertaining or future expansion, complemented by a rare three car private driveway and detached garage. Notable redevelopment potential: Set on a generous lot with solid foundations, the property lends itself beautifully to thoughtful enhancements, including a rear extension, the addition of a second storey, or a complete teardown to create a new custom residence. It also falls within the well regarded Diefenbaker Public School catchment, further enhancing its desirability and demand. This is a rare opportunity to acquire a turnkey income generating property with excellent bones, superior in law configuration, and meaningful upside for renovation or redevelopment. An elegant foundation ready for your personal vision.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13079944
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 32.88 × 100.14 ft
- Cross streets
- O'Connor Dr & Don Mills Rd
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Private
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Radiant
- A/C
- Window Unit(s)
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,049 / 2025
- Days on market
- 81
- Listing brokerage
- RE/MAX HALLMARK SHAHEEN & COMPANY
Rooms
laminate · closet · large window
hardwood floor · combined w/living · window
hardwood floor · fireplace · open concept
tile floor · eat-in kitchen · large window
hardwood floor · wood stove · large window
hardwood floor · closet · window
tile floor · stainless steel appl · window
hardwood floor · combined w/living · large window
hardwood floor · closet · window
Listed at $780,000, and my independent estimate is about 18% below comparable homes, worth a close look.
In East York lately, sellers get about 104% of asking; homes sell in ~19 days.
Total price vs nearby homes. Fair value about $950K, median of 31 comparables.
How this estimate is builtthe short version
I take the 31 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $796K, a bit lower.
What the listing highlights5 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
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Diefenbaker Elementary School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 31 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 22% below the area average of $1,112/sqft.
80 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
East York, 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) →
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $624,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,330
- Property tax
- $337
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,667
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,075
- Toronto municipal land transfer tax
- $12,075
- Estimated closing costs
- $24,150
Plus your down payment of $156,000. 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
- $199,794
- Principal paid down
- $79,467
- Interest paid
- $120,327
- Balance remaining
- $544,533
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 HALLMARK SHAHEEN & COMPANY. MLS®/PropTx.