388 O'Connor Drive, Toronto, ON
East York, Toronto · MLS® E13171598
About this home
Welcome to 388 O'Connor Drive - a beautifully updated classic all-brick bungalow in the sought-after Four Oaks Gate community. Nestled up against Four Oaks Gate Park and community green space, this home offers the perfect blend of family living, convenience, and investment potential. Enjoy your morning coffee on the charming front porch. Stroll throught the park just next door while taking in the vibrant neighbourhood atmosphere where kids play, pets roam with their owners, and neighbours connect. Inside, the spacious sun-filled living and dining area creates a warm and inviting space for everyday living and entertaining. The renovated kitchen, freshly paint throughout, updated flooring, and refreshed bathrooms make this home truly move-in ready.The lower level offers exceptional flexibility with two separate entrances, generous living space, new floors, and a renovated 3-piece bathroom - ideal for extended family, multi-generational living, a nanny suite, or income potential with a close-to-rent setup. Families will appreciate access to excellent local schools including Diefenbaker Elementary and Cosburn Middle School. Commuters will love the unbeatable convenience with TTC transit at your doorstep, easy connections to the subway, plus quick access to the Don Valley Parkway for effortless travel in and out of the city.Whether you're searching for a welcoming family home, a smart investment property, or a flexible living arrangement with income potential, this special property offers endless opportunity in one of East York's most connected and community-focused neighbourhoods. Don't miss your chance to own this exceptional home in desirable Four Oaks Gate.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13171598
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 30 × 100 ft
- Cross streets
- O'Connor Dr & Donlands Ave
- Parking
- 1 garage · 2 parking (detached)
- Driveway
- Mutual
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,816 / 2025
- Days on market
- 59
- Listing brokerage
- ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY
Rooms
Listed at $899,000, and my independent estimate is right in line with comparable homes.
In East York lately, sellers get about 104% of asking; homes sell in ~17 days.
Total price vs nearby homes. Fair value about $940K, median of 33 comparables.
How this estimate is builtthe short version
I take the 33 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), 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 $750K, a bit lower.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can 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
Schools & getting aroundcatchment and transit
The assigned public school is Diefenbaker Elementary 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
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.
Based on 33 comparable homes that recently sold nearby.
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 8% below the area average of $1,086/sqft.
58 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $719,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,838
- Property tax
- $318
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,156
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,455
- Toronto municipal land transfer tax
- $14,455
- Estimated closing costs
- $28,910
Plus your down payment of $179,800. 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
- $230,275
- Principal paid down
- $91,590
- Interest paid
- $138,685
- Balance remaining
- $627,610
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 ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY. MLS®/PropTx.