53 Lesmount Avenue, Toronto, ON
East York, Toronto · MLS® E13162238
About this home
Luxury on Lesmount awaits! Where modern design is elevated by impeccable craftsmanship and timeless sophistication. This custom-built residence offers expansive principal rooms filled with natural light, creating a warm yet refined atmosphere throughout, enhanced by engineered hardwood flooring, dramatic floor-to-ceiling windows, sleek LED lighting, and integrated built-in speakers designed for both everyday comfort and effortless entertaining. The open-concept main floor seamlessly connects the dining area to a striking chef's kitchen, complete with premium stainless steel appliances, a gas cooktop, built-in wall oven, and dishwasher, all complemented by elegant quartz countertops, a matching backsplash, a spacious center island with seating, and extensive custom cabinetry. The adjoining family room is both inviting and stylish, featuring a statement wall, a cozy fireplace, bespoke built-in shelving, and a walkout to a private deck overlooking the fully fenced backyard-perfect for relaxing or hosting.Upstairs, the primary suite offers a serene, hotel-inspired retreat with sun-filled windows, a thoughtfully designed walk-in closet with custom built-ins and LED accent lighting, and a luxurious 7-piece ensuite with a double vanity and a sleek wet room that includes a deep soaker tub within a glass shower. Three additional generously sized bedrooms, each with large windows and ample closet space, provide comfort and flexibility for family living. The fully finished lower level features aLegal Basement Apartment with soaring ceilings and exceptional versatility, offering a spacious recreation area with a separate walkout entrance, a second kitchen, an additional bedroom, and a stylish 4-piece bath-ideal for income generation, an in-law or nanny suite, or welcoming guests!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13162238
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500
- Lot
- 25 × 100 ft
- Cross streets
- Cosburn Ave & Donlands Ave
- Parking
- 1 garage · 2 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Separate Entrance, Apartment, Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air, Wall Unit(s)
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Days on market
- 62
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
built-in speakers · walk-in closet(s) · 7 pc ensuite
open concept · led lighting · hardwood floor
above grade window · led lighting · b/i closet
walk-up · above grade window · combined w/kitchen
large window · b/i closet · led lighting
large window · b/i closet · led lighting
centre island · quartz counter · b/i appliances
above grade window · stainless steel appl · combined w/rec
large window · hardwood floor · led lighting
fireplace · b/i shelves · w/o to deck
large window · b/i closet · 4 pc ensuite
Listed at $2,149,000, this home is about 21% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In East York lately, sellers have been getting about 104% of asking and homes sell in about 18 days.
This home has a walk-out basement — extra light, usable space, and income potential that comparable-sales math tends to under-price. Read this estimate as a conservative floor for it; I can pull walk-out comparables to pin the number.
Based on 23 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 23 recently sold comparable homes — actual closing prices, not asks — 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, sold for $1.53M
- Adjusts to $1.53M
That comparable adjusts to $1.53M; the $1.77M estimate above is the median of all 23 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.
The assigned public school is Westwood Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $1.77M, median of 23 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. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 7% above the area average of $892/sqft.
61 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
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 $1,719,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,174
- Property tax
- $1,343
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,517
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $40,200
- Toronto municipal land transfer tax
- $40,200
- Estimated closing costs
- $80,400
Plus your down payment of $429,800. 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
- $550,457
- Principal paid down
- $218,941
- Interest paid
- $331,517
- Balance remaining
- $1,500,259
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.