511 Donlands Avenue, Toronto, ON
East York, Toronto · MLS® E13587830
About this home
Say Hello to a rare opportunity in East York's coveted Golden Triangle** This spacious 3-bedroom, 2-bath detached home sits on an extraordinary 150-foot ravine lot, offering the feeling of country living right in the heart of the city.Rich in character and timeless craftsmanship, the home showcases an abundance of original leaded and stained glass windows and doors, beautiful gumwood trim, wainscoting, hardwood floors, and generously proportioned principal rooms. The inviting living room features a handsome brick fireplace, charming stained glass accents, wall sconces. and a classic bay window that fills the space with natural light.The kitchen has been updated over the years and offers excellent functionality. Upstairs, you'll find three generously sized bedrooms, each with closet space, along with plenty of room for a growing family. The finished lower level-with its separate entrance, 3-piece bath, gas fireplace, built-in shelving, pot lights, and impressive ceiling height-presents exciting potential for an in-law suite or extended family living.The true showstopper, however, lies beyond the garage: a wonderful deck overlooking the ravine. With no neighbours behind, this remarkable setting provides privacy, tranquility, and stunning natural views rarely found in the city.Ideally located just steps to the Don Valley's extensive walking and cycling trails, close to shopping, big-box stores, community amenities, and convenient access to downtown and major highways. The future Ontario Line subway station at Cosburn will also be just a short walk away, adding even greater long-term value and convenience.Filled with character and built to last, this cherished home offers endless potential for its next chapter. Add your own style and personal touches while enjoying the space, setting, and timeless craftsmanship that make this property so special.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13587830
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 25 × 150 ft
- Cross streets
- Donlands Ave. North of O'Connor Dr.
- Parking
- 1 garage (detached)
- Basement
- Finished, Separate Entrance
- Heating
- Water
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,083 / 2025
- Days on market
- 1
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
overlooks backyard · closet · hardwood floor
fireplace · stained glass · wall sconce lighting
wood trim · overlooks backyard · hardwood floor
updated · pot lights · laminate
wainscoting · stained glass · crown moulding
wood trim · closet · hardwood floor
gas fireplace · pot lights · b/i shelves
Listed at $925,000, this home is about 26% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In East York lately, sellers have been getting about 103% of asking and homes sell in about 18 days.
Based on 57 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 57 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.03M, a bit lower.
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 $1.13M
- Adjusts to $1.13M
That comparable adjusts to $1.13M; the $1.25M estimate above is the median of all 57 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 Westwood Middle 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 $1.25M, median of 57 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
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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 20% below the area average of $885/sqft.
0 days faster than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
East York, 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 22, 2026); conventional rates run a little higher.
Mortgage amount $740,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,949
- Property tax
- $424
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,372
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,975
- Toronto municipal land transfer tax
- $14,975
- Estimated closing costs
- $29,950
Plus your down payment of $185,000. 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
- $236,935
- Principal paid down
- $94,239
- Interest paid
- $142,696
- Balance remaining
- $645,761
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 SIGNATURE REALTY. MLS®/PropTx.