47 Preston Street, Toronto, ON
Birchcliffe-Cliffside, Toronto · MLS® E13552258
About this home
***PRICED TO SELL | FULLY RENOVATED GEM IN ONE OF TORONTO'S MOST SOUGT-AFTER NEIGHBOURHOODS*** This 3 Bed & 2 Bath detached home has been extensively upgraded throughout, offering quality upgrades worth of $$$ and showcasing exceptional details. Perfectly set among custom homes, it combines classic charm with contemporary comfort in a family-friendly, highly desirable community. Arrive to a newly built front porch that adds a curb appeal before entering the main floor, which welcomes you with a spacious foyer featuring pot lights and a smooth flow into a bright living and dining area, perfect for entertaining or family gatherings. Spacious kitchen area offers both functionality and privacy, featuring a new sliding door walk-out to the newly built deck and fully fenced backyard that provides privacy, comfort, and space for entertaining or quiet evenings. Backyard shed adds extra storage. Updated bathroom on main level adds everyday convenience. Upstairs, you'll find 3 bedrooms and an updated bathroom, creating family-friendly layout. Throughout the home, you'll find fully upgraded flooring, with hardwood throughout the living & dining area and 2nd level, complemented by ceramic tile in the kitchen, foyer, and bathrooms for lasting style and function. Fully upgraded kitchen features custom marble countertops, a designer ceramic backsplash, new faucet and stove, freshly painted cabinets, and pot lights that enhance its refined design. The home has been fully painted and features all-new lights, creating a bright and refreshed atmosphere throughout. Additional upgrades include new doors and windows, new stucco exterior and gutters, all reflecting meticulous attention to detail. Located just minutes from Lakeshore, Highview Park and schools. Easy access to the beach, Scarboro GO, Subway, Bluffs, shops, cafes, and restaurants. Experience the perfect combination of modern upgrades, lasting quality, and prime Toronto living! ***OFFERS ANYTIME***
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13552258
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 25 × 150 ft
- Cross streets
- Birchmount Rd & Danforth Ave
- Parking
- 1 parking
- Driveway
- Private
- Basement
- Full, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,392 / 2025
- Days on market
- 7
- Listing brokerage
- REALTY WEALTH GROUP INC.
Rooms
hardwood floor · large window · combined w/living
ceramic floor · updated · w/o to deck
separate room · window
ceramic floor · large closet
hardwood floor · updated · window
hardwood floor · large closet · updated
hardwood floor · open concept · combined w/dining
hardwood floor · large closet · large window
Listed at $878,888, this home is about 12% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $745K, lower 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 $880K
- Bedrooms −$30K
- Adjusts to $850K
That comparable adjusts to $850K; the $998K estimate above is the median of all 8 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 Birch Cliff Heights Public School. 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. Kennedy Rd at Craiglee Dr is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $998K, median of 8 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.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 16% below the area average of $804/sqft.
6 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Birchcliffe-Cliffside, 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: Kennedy Rd at Craiglee Dr, about 212 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 $703,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,752
- Property tax
- $283
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,035
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,053
- Toronto municipal land transfer tax
- $14,053
- Estimated closing costs
- $28,106
Plus your down payment of $175,778. 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
- $225,123
- Principal paid down
- $89,541
- Interest paid
- $135,582
- Balance remaining
- $613,569
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 WEALTH GROUP INC.. MLS®/PropTx.