195 Wheeler Avenue, Toronto, ON
The Beaches, Toronto · MLS® E13163788
About this home
In short
- Tucked beneath a canopy of mature trees on one of the Beaches' most coveted streets, 195 Wheeler Ave is a charming semi-detached that perfectly balances character and...
- Step inside and you're greeted by a bright, open main floor with hardwood throughout.
- Upstairs, vaulted ceilings and skylights fill the home with natural light.
- The finished basement with a separate entrance is the perfect in-law suite, featuring its own kitchen, a 3-piece bath, and a large open living area.
- Outside, enjoy a private backyard perfect for entertaining.
Tucked beneath a canopy of mature trees on one of the Beaches' most coveted streets, 195 Wheeler Ave is a charming semi-detached that perfectly balances character and modern updates.Step inside and you're greeted by a bright, open main floor with hardwood throughout. The spacious living room flows into a generous dining area, with plenty of room for family gatherings. The fully updated kitchen impresses with beautiful white cabinetry, granite countertops, subway tile backsplash, a farmhouse sink, and stainless-steel appliances. A functional and stylish space any home chef will love!Upstairs, vaulted ceilings and skylights fill the home with natural light. The primary bedroom is a peaceful retreat with treetop views, while the second bedroom offers flexibility for growing families or a dedicated home office. A sleek 3-piece bath with glass shower and marble tile completes the upper level.The finished basement with a separate entrance is the perfect in-law suite, featuring its own kitchen, a 3-piece bath, and a large open living area.Outside, enjoy a private backyard perfect for entertaining. The property includes legal 1-car parking with ample space for a second vehicle.Steps to Kew Gardens, the boardwalk, top-rated schools, and the shops and restaurants of Queen Street East. This is Beaches living at its best.
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- E13163788
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 13.75 × 77 ft
- Cross streets
- Juniper and Wheeler Avenue
- Parking
- 1 parking
- Basement
- Apartment, Separate Entrance, Full
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick, Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,233 / 2025
- Days on market
- 112
- Listing brokerage
- CENTURY 21 B.J. ROTH REALTY LTD.
Listed at $1,049,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.00M, typically $984K to $1.06M. Comparable closings on their own put this home around $886K, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
A price cut is the likelier next move. 112 days on the market, and asking 5% above where comparable closings put it. That is leverage for a buyer: offer with it in mind rather than waiting for the cut, since a reduction brings new eyes with it.
Second read, from the city assessment: $952K. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
One thing to square: the homes for sale nearby are asking more than this one. My estimate is built on recent closings, and around here sellers have been asking more than buyers end up paying. So this can be the least expensive home on the street and still be priced ahead of where sales actually land.
Total price vs nearby homes. Fair value about $1.00M, median of 5 comparables.
The market behind the math:
Price per square foot: this home lists at $1,166/sqft against an area asking average of $746/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. In The Beaches basements rarely rent out (2 of 15 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 5 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), 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 $952K, a close match.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
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.
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.
There were not many closely comparable homes right in The Beaches, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in The Beaches over the past two years, from 20 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $886K, which is where my estimate comes from.
Per square foot, these ask about $744/sqft; this home lists at $1,166/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $839,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,524
- Property tax
- $436
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,960
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,455
- Toronto municipal land transfer tax
- $17,455
- Estimated closing costs
- $34,910
Plus your down payment of $209,800. 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
- $271,453
- Principal paid down
- $105,620
- Interest paid
- $165,833
- Balance remaining
- $733,580
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
About the suite: in The Beaches basements rarely rent out (2 of 15 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in The Beaches signed at a median of $4,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,745. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD.. MLS®/PropTx.