43 King Edward Avenue, Toronto, ON
Woodbine-Lumsden, Toronto · MLS® E13127550
About this home
**ATTENTION BUILDERS, INVESTORS & END USERS** Welcome to this charming detached home in one of East York's most desirable, family-friendly neighbourhoods - an exceptional opportunity with endless potential. Situated on a generous **25 x 126.54 ft lot**, this well-maintained property offers immediate comfort today and exciting possibilities for the future.Inside, you'll find two bedrooms, a bright open-concept living and dining area, and a generously sized classic kitchen with ample cabinetry and workspace - perfect for everyday living and entertaining. A sun-filled rear sitting area overlooks the backyard, bringing in natural light and offering peaceful views of the outdoor space.Step outside to a deep, private backyard with exciting potential for a future garden suite, creating the opportunity for additional living space or extra income potential (buyer to verify approvals and feasibility). Ideal for summer BBQs, relaxing evenings, or transforming into your own outdoor retreat.Perfectly located just steps to parks, top-rated schools, transit/subway access, and the vibrant shops, cafes, and restaurants of the Danforth, with quick access to downtown and only minutes to Woodbine Beach - offering the perfect blend of city convenience and neighbourhood charm.An outstanding opportunity for builders, investors, and first-time buyers alike. The seller has already initiated preliminary work toward future building approvals, presenting exciting potential for redevelopment into a custom luxury home, with the possibility of a future garden suite - a rare chance to secure a premium lot in a thriving Toronto community.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13127550
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 25 × 126.54 ft
- Cross streets
- Danforth & Woodbine
- Parking
- 2 parking
- Driveway
- Right Of Way
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,660 / 2025
- Days on market
- 64
- Listing brokerage
- RE/MAX REALTRON ELI BAKHTIARI TEAM REALTY
Rooms
laminate · closet
tile floor · large window · eat-in kitchen
Laminate
laminate · closet
laminate · combined w/dining
laminate · combined w/living
Listed at $948,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Woodbine-Lumsden, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $981K, a bit lower. 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 $1.90M
- Bedrooms −$30K
- Adjusts to $1.87M
That comparable adjusts to $1.87M; the $1.22M estimate above is the median of all 5 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 (Gledhill Junior Public School) 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. Woodbine Ave at Milverton Blvd is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.22M, 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.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Value driver
- Lifestyle
- Worth verifying
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 21% below the area average of $927/sqft.
63 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Woodbine-Lumsden, 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: Woodbine Ave at Milverton Blvd, about 274 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
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 $758,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,047
- Property tax
- $388
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,435
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,435
- Toronto municipal land transfer tax
- $15,435
- Estimated closing costs
- $30,870
Plus your down payment of $189,600. 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
- $242,826
- Principal paid down
- $96,582
- Interest paid
- $146,244
- Balance remaining
- $661,818
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
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 REALTRON ELI BAKHTIARI TEAM REALTY. MLS®/PropTx.