55 Frater Avenue, Toronto, ON
Danforth Village-East York, Toronto · MLS® E13430188
About this home
Welcome to 55 Frater Avenue, a classic detached brick bungalow tucked away on a quiet street in the heart of Woodbine Heights, East York. This well cared for home offers a great combination of space, comfort, and opportunity. The main floor features a bright living room with hardwood flooring, a stone fireplace and large front window, a separate dining room, an updated kitchen with stainless steel appliances and quartz counters, two good sized above grade bedrooms, and a renovated 4 pc bathroom. The partially finished basement adds plenty of additional living space with a third bedroom, a large recreation room, laundry, and lots of storage, making it ideal for growing families, guests, or a home office setup. Situated on a fabulous 25 x 103 ft lot with private parking, the home is just a short walk to parks, schools, local shops, restaurants, TTC transit, and everything that makes this East York neighbourhood so popular. Whether you're looking for your first detached home, a place to downsize without giving up space, an opportunity to make a home your own over time, or a great lot and house to reimagine, 55 Frater Avenue is ready for you!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13430188
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 1
- Size
- 700-1100
- Lot
- 25 × 103 ft
- Cross streets
- Woodbine/Mortimer
- Parking
- 1 parking
- Driveway
- Front Yard Parking
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,287 / 2026
- Days on market
- 42
- Listing brokerage
- REALTY ONE GROUP FLAGSHIP
Rooms
broadloom · closet · window
hardwood floor · stone fireplace · large window
hardwood floor · closet
broadloom · window
Hardwood Floor
hardwood floor · quartz counter · stainless steel appl
broadloom · window
hardwood floor · overlooks living · window
broadloom · closet · window
Listed at $849,000, and my independent estimate is right in line with comparable homes.
In Danforth Village-East York lately, sellers get about 103% of asking; homes sell in ~17 days.
Total price vs nearby homes. Fair value about $881K, median of 43 comparables.
How this estimate is builtthe short version
I take the 43 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 $1.06M, a bit higher.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is R H McGregor 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 43 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 3 closest active listings nearby.
See all comparable homesThis home lists 11% below the area average of $1,055/sqft.
41 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Danforth Village-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 23, 2026); conventional rates run a little higher.
Mortgage amount $679,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,624
- Property tax
- $441
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,065
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,455
- Toronto municipal land transfer tax
- $13,455
- Estimated closing costs
- $26,910
Plus your down payment of $169,800. 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
- $217,468
- Principal paid down
- $86,496
- Interest paid
- $130,972
- Balance remaining
- $592,704
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 REALTY ONE GROUP FLAGSHIP. MLS®/PropTx.