61 Harewood Avenue, Toronto, ON

Cliffcrest, Toronto · MLS® E13500160

$2,588,000
For Sale
Listed 19 days ago
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7Bedrooms
7Bathrooms
2Garage · 8 parking
3000-3500Sq Ft

About this home

Discover an Unparalleled, Custom-Built 5+2 bedroom, 7-bath Luxury Masterpiece at 61 Harewood Avenue. Located In Cliffcrest South of Kingston & steps from Bluffs & Lake Ontario. The home offers a Meticulously Landscaped front yard, a Sprawling Driveway- flagstone entrance, upon entering, welcomed by designed tiled flooring. Foyer leads to an eye-catching accent wall featuring light- paper & a vapor fire .The dining area, a glowing see-through fireplace, & bold black wall accented W/lights. The main floor 10-foot ceilings w/bright open-concept designed for entertainment and comfort. Family Rm breathtaking focal point, dramatic 19-foot ceilings, striking chandelier, high-end blue roma porcelain, floating feature wall, & 2nd M/fire . Designer custom kitchen premium integrated decor appliances. Seamless countertops, backsplash, and island, illuminated by soft ceiling lighting. This home brims W/undeniable character and beautiful decor in every corner. A wide staircase and landing lead to the 2nd floor, beautifully accented by custom, rectangular black lights for a contemporary feel. Enjoy elevated living on the 2nd floor with lofty 9 feet ceilings & 2 private balconies. This home is flooded W/natural light and features a wide airy hallway. Stained glass on the 2nd-floor windows and sliding door provides privacy without blocking natural light. The luxurious 4-bedroom primary suite features an upgraded modern ensuite, designer finishes, and premium tile work . Every ensuite has custom design and unique combination of finishes. Backyard glass-railing deck, gas line for BBQ convenience, perfect for summer parties. Enjoy a beautifully finished two section layout basement. Spacious entertainment/rec room with a washroom, other side offering office, prayer room and a kids play ground W/washroom. Top Sch R H King, Fairmount, U of T Scar cam, TTC, GO Transit, Beaches, STC, DVP, & 401, to Downtown. Don't miss a rare, family-friendly home that has everything you need.

Key facts

Property type
Detached, 2-Storey
MLS®
E13500160
Bedrooms
7 (5 + 2)
Bathrooms
7 (1 half)
Size
3000-3500
Lot
40 × 133 ft
Cross streets
Kingston/Mccowan
Parking
2 garage · 8 parking (attached)
Driveway
Private
Basement
Finished, Separate Entrance
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Metal/Steel Siding
Foundation
Concrete
Roof
Asphalt Shingle, Membrane
Sewer
Sewer
Property tax
$4,274 / 2026
Days on market
19
Listing brokerage
RE/MAX ACE REALTY INC.

Rooms

Bedroom 4Second3.51 × 3.20 m

3 pc ensuite · large closet · hardwood floor

FoyerMain5.34 × 3.45 m

combined w/living · tile floor · mirrored closet

KitchenMain4.88 × 3.29 m

b/i appliances · eat-in kitchen

RecreationBasement10.22 × 3.61 m

3 pc ensuite · pot lights · vinyl floor

PlayBasement5.32 × 3.50 m

window · pot lights · vinyl floor

Primary BedroomSecond5.28 × 4.83 m

5 pc ensuite · walk-in closet(s) · w/o to balcony

Bedroom 3Second3.95 × 3.47 m

3 pc ensuite · walk-in closet(s) · w/o to balcony

Living RoomMain5.34 × 3.45 m

Fireplace

Family RoomMain5.93 × 4.82 m

led lighting · fireplace

OfficeBasement2.76 × 2.57 m

window · large closet · vinyl floor

BedroomMain3.23 × 3.17 m

large closet · window · hardwood floor

Bedroom 2Second4.49 × 3.84 m

3 pc ensuite · walk-in closet(s) · hardwood floor

Dining RoomMain5.06 × 3.96 m

led lighting · hardwood floor

Moe’s TakeTeam Asgarian · Broker
In the wider range
$2.30Mest. value

Listed at $2,588,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with 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 9 similar homes nearby, adjusted for size, beds, and baths.Median of 9 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $970K, lower than the comparables and worth a second look. 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, listed at $2.95M
  • Bathrooms +$15K
  • Adjusts to $2.96M

That comparable adjusts to $2.96M; the $2.30M estimate above is the median of all 9 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.

The assigned public school is R H King Academy. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

On location, this is a very walkable address with everyday errands close by. Brooklawn Ave at Sloley Rd is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$1.64MGreat deal$2.59MOverpriced

Total price vs nearby homes. Fair value about $2.30M, median of 9 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.

  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
  • Primary suite: a key comfort and resale feature.
  • Open-concept layout: modern, sought-after flow.
  • Value driver
  • Worth verifying
  • Lifestyle
Comparable listingsCurrently listed nearby in Cliffcrest · asking prices
$3.14Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

4 Drake Crescent$2.95M5 Larwood Boulevard$2.00M124 Scarboro Crescent$2.30M4 Pine Ridge Drive$5.30M

The 4 closest active listings nearby.

See all comparable homes
2.59MThis home2.95M2.00M2.30M5.30MThis home vs active comparables
Live market pulseActive comparables in Cliffcrest · median list $2.20M
$796this home / sqft
10active listings nearby
19days on market

This home lists 9% above the area average of $729/sqft.

18 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Cliffcrest, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

76/ 100

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: Brooklawn Ave at Sloley Rd, about 151 m away

20+ transit stops2 grocery20+ dining16 parks3 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Wexford-Maryvale
$865K
High Park-Swansea
$2.30M
Lawrence Park South
$2.14M
Bedford Park-Nortown
$2.90M
Downsview-Roding-CFB
$1.06M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Fairmount Public School
68%
Fairmount Public SchoolPublic · Elementary · 0.2 km awayBelow the GTA average · 68% meet the provincial standard

Affordability & Mortgage

Affordability
$11,795/mo
$459KIncome needed
5.6×Price ÷ income
$2,722Weekly cost
20% down4.79%25-yr amortization

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.

97%mortgage
Mortgage $11,795Property tax $356Total carry $12,151

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$11,048per month

Mortgage amount $2,070,400 · 4.14% over 25 years

$517,600Down payment (20.0%)
$2,070,400Loan before insurance
$0CMHC premium
$11,405Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$11,048
Property tax
$356
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$11,405

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$51,175
Toronto municipal land transfer tax
$51,175
Estimated closing costs
$102,350

Plus your down payment of $517,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$13,419/monthPayment at the qualifying rate

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

$1,244,127Total interest paid
$3,314,527Total of all payments
Principal $2,070,400 Interest $1,244,127
YearPrincipalInterestBalance
1$48,502$84,079$2,021,898
2$50,531$82,050$1,971,367
3$52,645$79,936$1,918,722
4$54,847$77,734$1,863,875
5$57,141$75,440$1,806,734
6$59,531$73,050$1,747,203
7$62,021$70,560$1,685,182
8$64,615$67,966$1,620,566
9$67,318$65,263$1,553,248
10$70,134$62,447$1,483,114
11$73,068$59,513$1,410,047
12$76,124$56,457$1,333,923
13$79,308$53,273$1,254,615
14$82,625$49,956$1,171,989
15$86,081$46,500$1,085,908
16$89,682$42,899$996,226
17$93,433$39,148$902,792
18$97,342$35,239$805,451
19$101,413$31,168$704,037
20$105,655$26,926$598,382
21$110,075$22,506$488,308
22$114,679$17,902$373,629
23$119,476$13,105$254,153
24$124,473$8,108$129,680
25$129,680$2,901$0

At the end of your 5-year term

Total paid over the term
$662,905
Principal paid down
$263,666
Interest paid
$399,239
Balance remaining
$1,806,734

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.

Let's connect

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

Rental yield
Estimate$6,300/mo
$75,600Gross annual rent
2.4%Est. cap rate

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 numbers

Estimates 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.

2.9%
Gross yield
− Property tax $4,274− Insurance $1,400− Vacancy & upkeep $8,316Net operating income $61,610

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ACE REALTY INC.. MLS®/PropTx.

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