1557 Pharmacy Avenue, Toronto, ON
Wexford-Maryvale, Toronto · MLS® E13688570
About this home
Welcome to 1557 Pharmacy Ave, a rare opportunity to own a detached bungalow offering the space, flexibility, and convenience today's buyers are looking for. Featuring three bedrooms and a practical layout, this home is an excellent option for families, first-time buyers, downsizers, or anyone looking for a detached property with room to grow and adapt.The finished basement with a separate entrance adds another level of versatility, providing valuable additional living space with the flexibility for a recreation area, home office, guest space, or an additional room where the existing office is located, depending on the buyer's needs.The home has also benefited from several important improvements, including a hot water tank replaced in January 2024, along with updates to the gas furnace, roof, and top-floor bedroom and bathroom windows. The hot water tank and furnace are owned, with no rental contracts to assume.Set within the established Wexford-Maryvale community, the location brings everyday convenience close to home. Enjoy easy access to TTC service, Highway 401, Parkway Mall, grocery stores, Scarborough Costco on Warden Avenue, schools, restaurants, neighbourhood parks, and a wide range of shopping and daily amenities.Whether you are looking for a comfortable family home, valuable additional living space, or the opportunity to personalize a detached property over time, 1557 Pharmacy Ave offers an appealing combination of location, functionality, and flexibility. A rare opportunity in an established Toronto neighbourhood that deserves to be experienced in person.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13688570
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 41.67 × 120 ft
- Cross streets
- Victoria Park Ave / Ellesmere Rd
- Parking
- 5 parking
- Basement
- Finished with Walk-Out, Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,489 / 2026
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
carpet free · window · tile floor
combined w/living · pot lights · hardwood floor
pantry · hardwood floor
tile floor · above grade window · carpet free
b/i closet · window · hardwood floor
window · window · hardwood floor
pot lights · above grade window · hardwood floor
combined w/dining · window · hardwood floor
carpet free · hardwood floor
b/i closet · window · hardwood floor
We are proud to represent this home. Our team handles every detail, the marketing, the staging, and the showings. The best way to feel what makes it special is in person, so book a private showing and I will walk you through it myself.
Highlights
- Separate entrance / basement suite
- Finished basement
Neighbourhood & location
Wexford-Maryvale, 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 4.09% via Ratehub.ca (as of August 19, 2026); conventional rates run a little higher.
Mortgage amount $748,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,033
- Property tax
- $374
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,407
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,175
- Toronto municipal land transfer tax
- $15,175
- Estimated closing costs
- $30,350
Plus your down payment of $187,000. 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
- $241,953
- Principal paid down
- $94,142
- Interest paid
- $147,812
- Balance remaining
- $653,858
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. Listed & marketed by Team Asgarian. MLS®/PropTx.