5-264 Monarch Park Avenue, Toronto, ON
Danforth Village-East York, Toronto · MLS® E13586706
About this home
This bright lower-level unit offers the feel of a main-floor apartment thanks to its walkout entrance, large windows, and plenty of natural light. It includes access to the backyard, making it an inviting and comfortable space.The unit features a spacious one-bedroom layout with a separate living room and a full bathroom. Shared coin-operated laundry is available on-site.
Key facts
- Property type
- Other, Apartment
- MLS®
- E13586706
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700-1100
- Cross streets
- Danforth and Coxwell ave
- Parking
- 0 parking
- Heating
- Forced Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Days on market
- 2
- Listing brokerage
- RIGHT AT HOME REALTY
Listed at $1,700/mo, this rental is about 32% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.
In Danforth Village-East York lately, landlords have been getting about 99% of asking and homes lease in about 25 days.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Danforth Village-East York, so I widened the search to the surrounding area.
Based on 50 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 50 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The listing gives square footage as a wide range, so the size adjustment (and this estimate) is approximate; confirming exact size would sharpen it.
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 $2,650/mo
- Bedrooms −$150/mo
- Bathrooms −$100/mo
- Adjusts to $2,400/mo
That comparable adjusts to $2,400/mo; the $2,503/mo estimate above is the median of all 50 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.
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.
Total price vs nearby homes. Fair value about $2,503/mo, median of 50 comparables.
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 homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Danforth Village-East York, Toronto, ON
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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 $1,360 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7
- Property tax
- $1
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9
- Toronto municipal land transfer tax
- $9
- Estimated closing costs
- $17
Plus your down payment of $340. 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
- $435
- Principal paid down
- $173
- Interest paid
- $262
- Balance remaining
- $1,187
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.