609 Mortimer Avenue, Toronto, ON
Danforth Village-East York, Toronto · MLS® E13669590
About this home
This unbeatable detached bungalow nestled in the heart of East York. Fully renovated in 2021, Featuring a rarely offered legal second unit in the basement with nearly 8 feet ceiling, ideal for multi-generational living, extended family, or rental income. Equipped with two separate hydro meters at total 200-amp electrical service. The main floor boasts a bright bay window for maximum sunlight, and a primary bedroom with a private ensuite bathroom. Enjoy engineered hardwood flooring on the main level, new vinyl flooring in the basement, and fresh paint on both floors. Extensive upgrades include newer window, insulation, plumbing, electrical wiring, heating, furnace, A/C, and a tankless hot water system for year-round comfort. Private driveway, Upgraded Front railing for more safety. Exceptionally convenient neighborhood, just steps to the East York Civic Centre, Michael Garron Hospital, library, TTC, parks, and schools. Minutes walking to subway station, Woodbine Beach, the lakefront, downtown, highway. A fantastic opportunity to own a turnkey home with income potential in one of Toronto's most sought-after communities.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13669590
- Bedrooms
- 4 (2 + 2)
- Bathrooms
- 3
- Size
- 700-1100
- Lot
- 30 × 98.37 ft
- Cross streets
- Coxwell Ave / Mortimer
- Parking
- 1 garage · 2 parking (detached)
- Driveway
- Private
- Basement
- Separate Entrance, Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,734 / 2026
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
hardwood floor · bay window · pot lights
hardwood floor · closet · overlooks backyard
vinyl floor · pot lights · large window
hardwood floor · 3 pc ensuite · overlooks backyard
tile floor · quartz counter · open concept
vinyl floor · above grade window
vinyl floor · pot lights · combined w/kitchen
hardwood floor · pot lights · combined w/living
vinyl floor · above grade window
open concept · quartz counter · tile floor
Listed at $1,188,000, and my independent estimate is about 28% above what comparable homes suggest.
In Danforth Village-East York lately, sellers get about 101% of asking; homes sell in ~23 days.
Total price vs nearby homes. Fair value about $928K, median of 47 comparables.
How this estimate is builtthe short version
I take the 47 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $943K, a close match.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
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, this is a very walkable address with everyday errands close by. Glebemount Avenue is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Read this with carewhy it’s an estimate, not an appraisal
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 47 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 23% above the area average of $1,071/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
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 OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Glebemount Avenue, about 69 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 4.04% via Ratehub.ca (as of August 13, 2026); conventional rates run a little higher.
Mortgage amount $950,400 · 4.19% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,098
- Property tax
- $395
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,492
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,235
- Toronto municipal land transfer tax
- $20,235
- Estimated closing costs
- $40,470
Plus your down payment of $237,600. 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
- $305,860
- Principal paid down
- $120,323
- Interest paid
- $185,537
- Balance remaining
- $830,077
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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.