40 Pinegrove Avenue, Toronto, ON
Birchcliffe-Cliffside, Toronto · MLS® E13683378
About this home
This is a charming traditional bungalow situate on two whole lots on a registered plan of subdivision, totalling 50 feet in width, by 120 feet in depth in the highly desirable Birchcliffe Heights neighbourhood. The existing bungalow is situate wholly within the westerly lot and the easterly lot is vacant. 1982 survey is in attachments. Buyers to conduct their own due diligence with respect to development.* The same family has lovingly maintained this cherished home for many years and exudes warmth and character from the moment you arrive. As you approach, you're greeted by an inviting front porch, the perfect spot to unwind with your favourite beverage and soak up the serene sounds of nature. Step inside, and you will find a welcoming living area bathed in natural light, seamlessly flowing into the dining room-ideal for family dinners. The spacious kitchen is a delightful feature of the home, boasting abundant cabinetry that offers ample storage and counter space. The eat-in kitchen area offers a cozy nook, perfect for casual meals or morning coffee while you enjoy the backyard view. As you explore further, the basement reveals a finished recreation room, perfect for game nights, movie marathons, or a personal retreat. Additionally, it includes a laundry area and a workshop, catering to those who appreciate handy projects or crafts. Step outside to the expansive backyard, a blank canvas brimming with potential. Whether you envision expanding the current living space or designing your dream home, the possibilities are endless. This property is not just a home; it's an opportunity for a lifetime of memories. Conveniently located just steps from excellent schools, public transit, beautiful parks, and local shops, it truly has everything you need. Embrace the potential of this bungalow and make it your forever home
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13683378
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700 sq ft
- Lot
- 50 × 120 ft
- Cross streets
- Birchmount/Danforth
- Parking
- 3 parking
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,733 / 2025
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
Above Grade Window
eat-in kitchen · walk-out · overlooks backyard
Above Grade Window
broadloom · overlooks dining
broadloom · overlooks living
Above Grade Window
hardwood floor · closet
mirrored closet · hardwood floor
Listed at $949,900, and my independent estimate is about 33% above what comparable homes suggest.
In Birchcliffe-Cliffside lately, sellers get about 98% of asking; homes sell in ~23 days.
Total price vs nearby homes. Fair value about $713K, median of 18 comparables.
How this estimate is builtthe short version
I take the 18 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 $731K, a close match.
Schools & getting aroundcatchment and transit
The assigned public school is Birch Cliff Heights Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 18 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 5 closest of 8 active listings nearby.
See all comparable homesPrice per square foot vs the area average.
Neighbourhood & location
Birchcliffe-Cliffside, 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 4.09% via Ratehub.ca (as of August 17, 2026); conventional rates run a little higher.
Mortgage amount $759,920 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,097
- Property tax
- $311
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,408
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,473
- Toronto municipal land transfer tax
- $15,473
- Estimated closing costs
- $30,946
Plus your down payment of $189,980. 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
- $245,809
- Principal paid down
- $95,642
- Interest paid
- $150,167
- Balance remaining
- $664,278
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
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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.