256 Ferris Road, Toronto, ON
O'Connor-Parkview, Toronto · MLS® E13451514
About this home
Welcome to 256 Ferry's Road, an incredible detached bungalow nestled in one of East York's most sought-after, vibrant, and family-friendly communities. Whether you are a growing family looking for a home with a built-in mortgage helper, or a savvy investor seeking a high-yielding asset in a premium Toronto location, this property delivers on every single front. The main floor features a bright and spacious layout boasting three generous bedrooms with large windows that flood the space with natural light, a functional living and dining area, and a full family washroom. The completely self-contained lower level is a massive game-changer for anyone looking to maximize their investment. Featuring a dedicated separate entrance for complete privacy, the basement apartment offers two additional well-proportioned bedrooms, a full kitchen, and a private washroom. This setup offers massive potential income to significantly offset your mortgage or rent out both units for premium cash flow in Toronto's hot rental market. Situated in a commuter's dream location, you are just minutes away from the TTC, subway stations, the DVP, and downtown Toronto. Enjoy the perfect blend of quiet residential charm and effortless urban convenience, surrounded by top-tier schools, beautiful local parks, and the vibrant shops, cafes, and restaurants along the Danforth. Properties with this exact configuration and premium location rarely stay on the market long. Don't miss this incredible opportunity!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13451514
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 71.5 × 67.5 ft
- Cross streets
- St.Clair Ave E and Victoria Park Ave
- Parking
- 15 garage · 35 parking (attached)
- Driveway
- Private
- Basement
- Apartment, Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,404 / 2026
- Days on market
- 36
- Listing brokerage
- ROYAL LEPAGE ASSOCIATES REALTY
Rooms
his and hers closets · hardwood floor
hardwood floor · combined w/living
breakfast area · double sink · ceramic floor
l-shaped room · combined w/dining · hardwood floor
Hardwood Floor
Listed at $999,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In O'Connor-Parkview lately, sellers have been getting about 102% of asking and homes sell in about 17 days.
There were not many closely comparable homes right in O'Connor-Parkview, so I widened the search to the surrounding area.
Based on 70 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 70 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $901K, a bit lower. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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, sold for $897K
- Bedrooms +$33K
- Adjusts to $930K
That comparable adjusts to $930K; the $1.04M estimate above is the median of all 70 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is George Webster Elementary School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $1.04M, median of 70 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 8% below the area average of $833/sqft.
35 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
O'Connor-Parkview, 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 $799,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,265
- Property tax
- $367
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,632
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,455
- Toronto municipal land transfer tax
- $16,455
- Estimated closing costs
- $32,910
Plus your down payment of $199,800. 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
- $255,890
- Principal paid down
- $101,778
- Interest paid
- $154,111
- Balance remaining
- $697,422
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 ASSOCIATES REALTY. MLS®/PropTx.