1040 Woodbine Avenue, Toronto, ON
Danforth, Toronto · MLS® E13589268
About this home
Welcome to 1040 Woodbine Avenue, a fully renovated 3-bedroom, 3-bathroom home that blends modern design, functional living, and exceptional versatility in one of Toronto's most convenient east-end neighbourhoods.Thoughtfully renovated from top to bottom, this spacious home offers bright, open-concept living filled with natural light from its southern exposure. The large mudroom provides valuable everyday functionality, with ample space for strollers, baby gear, sports equipment, seasonal storage, and more.One of the largest semi-detached homes in the area, the property features a substantial rear bonus room overlooking a quiet backyard-an ideal setting for entertaining, relaxing, or spending time with family. Three full bathrooms provide comfort and convenience throughout.The fully finished lower level offers exceptional flexibility with a separate entrance, full kitchen, full bathroom, and its own ensuite laundry. Ideal for extended family, a nanny or guest suite, or a variety of multi-generational living arrangements, this thoughtfully designed space provides outstanding versatility to suit your changing needs.Additional highlights include updated underground plumbing, a large interlocked driveway, and quality renovations throughout.Ideally located just a one-minute walk to Woodbine Subway Station, this turnkey home is steps to grocery stores, restaurants, cafés, banks, pharmacies, multiple CWELCC and Montessori daycares, St. Brigid Catholic School, Earl Beatty Junior and Senior Public School, and all the amenities of the Danforth. The Beaches are also just minutes away.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- E13589268
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3
- Size
- 1100-1500
- Lot
- 20.92 × 120.08 ft
- Cross streets
- Woodbine/Danforth
- Parking
- 2 garage (none)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Shingle
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $3,883 / 2026
- Days on market
- 1
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
hardwood floor · w/o to deck
Ceramic Floor
Hardwood Floor
Listed at $999,900, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
In Danforth lately, sellers have been getting about 109% of asking and homes sell in about 13 days.
Based on 99 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 99 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $836K, 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, sold for $1.35M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $1.40M
That comparable adjusts to $1.40M; the $1.23M estimate above is the median of all 99 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 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 $1.23M, median of 99 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
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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 12% below the area average of $870/sqft.
4 days faster than the Toronto average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Danforth, 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 $799,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,269
- Property tax
- $324
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,592
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,473
- Toronto municipal land transfer tax
- $16,473
- Estimated closing costs
- $32,946
Plus your down payment of $199,980. 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
- $256,120
- Principal paid down
- $101,870
- Interest paid
- $154,250
- Balance remaining
- $698,050
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.