40 Catalina Drive, Toronto, ON
Scarborough Village, Toronto · MLS® E13450400
About this home
Modern Elegance Meets Traditional Charm With This Beautifully Renovated Home In Prime Location. Open Floor Plan With Approx 9-foot Ceilings On Main Level. Sun filled With Large Windows And Skylights, Great For Families And Entertaining. Living Room Features Fireplace, Double French Doors, Crown Molding. Beautifully Renovated Baths Showcase Glass Showers, Quartz, & Granite Finishes, Along With A Double Sink. Kitchen Features Granite Countertops, Breakfast Bar, Built-In Appliances, A Spacious Pantry, And Walkout. Convenient Ground Floor Laundry & Direct Garage Access. Two Walkouts Lead To Patio & Multi Levels Decks And Expansive Private Cottage Like Backyard Oasis! Walk To Great Schools (Including Highly Ranked Elizabeth Simcoe PS), Parks, Nature Trails, & Lake. Tenant to be responsible for all Utilities Including the Hot Water Tank Rental
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- E13450400
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 2000-2500
- Lot
- 53 × 268 ft
- Cross streets
- Bethune/Catalina
- Parking
- 1 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 36
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
Listed at $4,100/mo, this rental is about 8% above what comparable rentals suggest. The number above is my independent estimate of value, not the asking price.
In Scarborough Village lately, landlords have been getting about 97% of asking and homes lease in about 30 days. Rents are down 8% versus a year ago.
There were not many closely comparable homes right in Scarborough Village, so I widened the search to the surrounding area.
Based on 16 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 16 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
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, leased for $4,200/mo
- Bedrooms −$150/mo
- Bathrooms −$100/mo
- Adjusts to $3,950/mo
That comparable adjusts to $3,950/mo; the $3,809/mo estimate above is the median of all 16 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
On schools, this address is zoned for Elizabeth Simcoe Junior Public School, 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.
Total price vs nearby homes. Fair value about $3,809/mo, median of 16 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. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homes35 days longer than the Toronto average (1 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Scarborough Village, 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 22, 2026); conventional rates run a little higher.
Mortgage amount $3,280 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $18
- Property tax
- $3
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21
- Toronto municipal land transfer tax
- $21
- Estimated closing costs
- $41
Plus your down payment of $820. 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
- $1,050
- Principal paid down
- $418
- Interest paid
- $632
- Balance remaining
- $2,862
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.