10 Wheeler Avenue, Toronto, ON
The Beaches, Toronto · MLS® E13159516
About this home
Luxury Living By The Lake - Welcome To 10 Wheeler Avenue, A Newly Built Luxury Residence In Toronto's Coveted Beaches Community.Perfectly positioned on a quiet, tree-lined street just steps from the sparkling shores of Lake Ontario, this exceptional newly built home offers a rare blend of sophisticated design, superior craftsmanship, and relaxed coastal living-all backed by the confidence of a Full Tarion Warranty.Thoughtfully designed for elegant entertaining and comfortable family living, this architecturally impressive residence showcases oversized principal rooms, dramatic windows, and abundant natural light, creating a bright, warm, and inviting atmosphere throughout. Carefully curated finishes, a functional layout, and an abundance of smart home features throughout offer the ideal balance of luxury, convenience, and everyday practicality. From lighting and climate controls to thoughtfully integrated technology, this home is designed for modern living at its finest.An entertainer's dream, the home offers seamless indoor-outdoor living with three oversized private decks, perfect for hosting guests, family gatherings, summer evenings, or quiet mornings outdoors. The expansive backyard provides a rare urban retreat ideal for entertaining and relaxed family living. For pet lovers, the thoughtfully designed doggy shower adds an extra level of convenience after walks along the beach or park.Located in the heart of The Beaches, one of Toronto's most desirable neighbourhoods, you are moments to the Boardwalk, Kew Gardens, Balmy Beach, waterfront trails, parks, boutique shops, cafés, and top-rated schools, all within a vibrant and highly sought-after family community known for its exceptional lifestyle.10 Wheeler Avenue presents a rare opportunity to own a newly built luxury home in The Beaches-where elevated design, spacious living, smart home technology, Tarion protection, and an unmatched lakeside lifestyle come together just steps from the water.
Key facts
- Property type
- Detached, 3-Storey
- MLS®
- E13159516
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 6 (2 half)
- Size
- 3000-3500
- Lot
- 25.09 × 101.95 ft
- Cross streets
- Queen St E / Woodbine Ave
- Parking
- 1 garage · 2 parking (built-in)
- Driveway
- Private
- Basement
- Apartment, Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Flat, Metal
- Sewer
- Sewer
- Property tax
- $9,230 / 2025
- Days on market
- 62
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
overlooks backyard · 5 pc bath · picture window
bay window · large closet · hardwood floor
open concept · hardwood floor · built-in speakers
large window · walk-out · combined w/dining
hardwood floor · fireplace · sliding doors
large closet · large window
Hardwood Floor
centre island · b/i appliances · centre island
w/o to patio · large window · hardwood floor
b/i closet · large window · built-in speakers
Listed at $3,500,000, this home is about 30% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($1,077/sqft) is in line with the area, so you are paying for extra space rather than a premium.
In The Beaches lately, sellers have been getting about 102% of asking and homes sell in about 15 days.
There were not many closely comparable homes right in The Beaches, so I widened the search to the surrounding area.
Based on 37 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 37 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.03M, lower than the comparables and worth a second look.
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, sold for $3.30M
- Bedrooms −$60K
- Bathrooms +$30K
- Adjusts to $3.27M
That comparable adjusts to $3.27M; the $2.70M estimate above is the median of all 37 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
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 $2.70M, median of 37 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 1% below the area average of $1,084/sqft.
61 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
The Beaches, 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
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 $2,800,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,942
- Property tax
- $769
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,711
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $73,975
- Toronto municipal land transfer tax
- $78,975
- Estimated closing costs
- $152,950
Plus your down payment of $700,000. 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
- $896,510
- Principal paid down
- $356,581
- Interest paid
- $539,930
- Balance remaining
- $2,443,419
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 REALTY LTD.. MLS®/PropTx.