1557 Midland Avenue, Toronto, ON
Bendale, Toronto · MLS® E13168002
About this home
In short
- Stunning 2-Year-New Freehold Townhome with Income Potential.
- Step inside to discover a spacious and thoughtfully designed layout featuring bright, open-concept living and dining areas.
- Upstairs, you'll find generously sized bedrooms, including a comfortable primary suite with a private ensuite and also has main floor Bed Room with Full Washroom.
- The home also features a unfinished basement with a separate entrance, offering excellent potential for rental income or an in-law suite-an ideal opportunity for...
Stunning 2-Year-New Freehold Townhome with Income Potential!Welcome to this beautifully maintained 4-bedroom, 4-bathroom townhome offering modern comfort, functional design, and excellent investment potential. Only Two year old, this home feels like new and is perfect for families or savvy investors.Step inside to discover a spacious and thoughtfully designed layout featuring bright, open-concept living and dining areas. The chef-inspired kitchen is a standout, complete with sleek cabinetry, ample counter space, and newer stainless steel appliances, making it perfect for cooking and entertaining.Upstairs, you'll find generously sized bedrooms, including a comfortable primary suite with a private ensuite and also has main floor Bed Room with Full Washroom. And With four well-appointed washrooms, convenience and privacy are ensured for the entire household.The home also features a unfinished basement with a separate entrance, offering excellent potential for rental income or an in-law suite-an ideal opportunity for additional cash flow. Close to TTC, Grocery stores and Shopping,Major HWY, Worship Place. Whether you're a first-time home buyer looking for a move-in-ready property or an investor seeking strong rental potential, this home checks all the boxes.Don't miss your chance to own this modern, versatile home in a highly desirable location!
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- E13168002
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 14.78 × 81.92 ft
- Cross streets
- Midland Ave and Lawrence Ave E
- Parking
- 1 garage · 2 parking (built-in)
- Driveway
- Available, Covered, Private
- Basement
- Unfinished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $4,653 / 2025
- Days on market
- 109
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
access to garage · large window · unfinished
large window · b/i closet · window floor to ceiling
open concept · large window · window floor to ceiling
undermount sink · custom counter · custom backsplash
open concept · window floor to ceiling · laminate
window floor to ceiling · large window · b/i closet
tile floor · laundry sink · w/o to garage
window floor to ceiling · w/o to balcony · sliding doors
w/o to balcony · b/i closet · east view
5 pc ensuite · walk-in closet(s) · large window
Listed at $949,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $921K, typically $868K to $974K. Comparable closings on their own put this home around $857K, 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.
Second read, from the city assessment: $900K. 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.
Total price vs nearby homes. Fair value about $921K, median of 25 comparables.
The market behind the math:
Price per square foot: this home lists at $542/sqft against an area asking average of $729/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 25 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 $900K, a close match.
What the listing highlights4 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
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Donwood Park Public 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
There were not many closely comparable homes right in Bendale, so I widened the search to the surrounding area.
Based on 25 comparable homes that sold in Bendale over the past two years, from 27 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $554/sqft; this home lists at $542/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Bendale, 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 $759,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,093
- Property tax
- $388
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,481
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,455
- Toronto municipal land transfer tax
- $15,455
- Estimated closing costs
- $30,910
Plus your down payment of $189,800. 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
- $245,576
- Principal paid down
- $95,551
- Interest paid
- $150,025
- Balance remaining
- $663,649
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 Bendale basements rarely rent out (0 of 37 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 7 whole-home leases in Bendale signed at a median of $3,600 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,603. 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 RIGHT AT HOME REALTY. MLS®/PropTx.