40 Leroy Avenue, Toronto, ON
Danforth Village-East York, Toronto · MLS® E13582896
About this home
An East York gem! This beautifully renovated detached home sits on a street lined with luxury homes, offering a rare 30.04 x 100.13 ft lot. Enjoy over 1,200 sq. ft. of total living space, featuring a bright front kitchen bathed in sunlight from large bay windows. Ideal for downsizers, investors, or co-living. The bright, finished basement offers impressive ceiling height-no ducking required!-with a separate entrance, second kitchen, bedroom, and storage, perfect for in-law or income potential (buyer to verify). Enjoy a private, fenced yard with a private driveway and detached garage offering garden suite potential (buyer to verify). Located in a family-friendly neighbourhood close to the Danforth, TTC, top schools, and the DVP.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- E13582896
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 30.04 × 100.12 ft
- Cross streets
- Mortimer Ave and Greenwood Ave
- Parking
- 1 garage · 4 parking (detached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $5,882 / 2025
- Listing brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Rooms
vinyl floor · window
walk-in closet(s) · wood · pot lights
wood · bay window · pot lights
hardwood floor · window · pot lights
wood · window · pot lights
vinyl floor · pot lights · window
quartz counter · stainless steel appl · backsplash
vinyl floor · pot lights · window
wood · window · pot lights
combined w/living · wood · pot lights
Listed at $1,168,888, 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 20 similar homes nearby, adjusted for size, beds, and baths.Median of 20 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.18M, a close match.
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 $1.14M
- Bedrooms +$30K
- Adjusts to $1.17M
That comparable adjusts to $1.17M; the $1.18M estimate above is the median of all 20 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 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.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Greenwood Avenue is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $1.18M, median of 20 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city.
- Income potential
- Value driver
- Worth verifying
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 8% below the area average of $973/sqft.
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.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Greenwood Avenue, about 59 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 20, 2026); conventional rates run a little higher.
Mortgage amount $935,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,990
- Property tax
- $490
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,480
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,853
- Toronto municipal land transfer tax
- $19,853
- Estimated closing costs
- $39,706
Plus your down payment of $233,778. 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
- $299,406
- Principal paid down
- $119,087
- Interest paid
- $180,319
- Balance remaining
- $816,024
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 TERREQUITY REALTY. MLS®/PropTx.