28-2020 Pharmacy Avenue, Toronto, ON
L'Amoreaux, Toronto · MLS® E13236676
About this home
Welcome to 2020 Pharmacy Ave - an oasis in one of Scarborough's most convenient and connected locations. Recently renovated and move-in ready, this beautifully updated 3-bedroom, 2-full washroom home offers the perfect blend of style, comfort, and functionality. Income Potential from the basement or to be used as an In-Law Suite. Featuring laminate flooring throughout, three generously sized bedrooms, and a bright open-concept kitchen combined with the dining area, this home is designed for modern living and effortless entertaining. Walk Out Deck / Balcony under construction by management and to be completed shortly. Step outside to your own backyard retreat, complete with space for summer BBQs, outdoor relaxation, and a charming garden area for those who enjoy growing flowers, herbs, or vegetables. Surrounded by mature trees and greenery, it offers a peaceful escape in the heart of the city.Perfect for young families, the neighbourhood offers access to Full-Day Kindergarten programs and gifted education opportunities, and falls within the highly regarded Sir John A. Macdonald Collegiate Institute district. Enjoy unparalleled convenience with Fairview Mall, shopping plazas, schools, parks, TTC transit, Highways 401 and 404, and countless everyday amenities just minutes away. Whether you're a first-time buyer, growing family, or investor, this is a fantastic opportunity to own a move-in-ready home in a thriving community where convenience, education, and lifestyle come together.
Key facts
- Property type
- Condo Townhouse, Multi-Level
- MLS®
- E13236676
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Sheppard Ave/Pharmacy
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Maintenance
- $540/mo
- Exposure
- South
- Property tax
- $3,400 / 2025
- Days on market
- 44
- Listing brokerage
- CENTURY 21 INNOVATIVE REALTY INC.
Rooms
Listed at $689,000, this home is tracking about 15% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 24 similar homes nearby, adjusted for size, beds, and baths.Median of 24 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $751K, higher 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, listed at $600K
- Bathrooms −$30K
- Adjusts to $570K
That comparable adjusts to $570K; the $600K estimate above is the median of all 24 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Fairglen Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Pharmacy Ave at Sheppard Ave East is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $600K, median of 24 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.
- Open-concept layout: modern, sought-after flow.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Lifestyle
- Weigh carefully
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 9% above the area average of $573/sqft.
41 days longer than the Toronto average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
L'Amoreaux, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Pharmacy Ave at Sheppard Ave East, about 101 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $551,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,941
- Property tax
- $283
- Condo / maintenance fees
- $540
- Heating
- $0
- Estimated monthly cost
- $3,765
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,255
- Toronto municipal land transfer tax
- $10,255
- Estimated closing costs
- $20,510
Plus your down payment of $137,800. 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
- $176,484
- Principal paid down
- $70,195
- Interest paid
- $106,289
- Balance remaining
- $481,005
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
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 CENTURY 21 INNOVATIVE REALTY INC.. MLS®/PropTx.