2 Ledge Road, Toronto, ON
Cliffcrest, Toronto · MLS® E13698770
About this home
In short
- Welcome to your own private oasis in the Bluffs.
- This truly one-of-a-kind architect-designed ravine property sits on a full half-acre and offers a rare combination of privacy, nature, amazing wildlife, and stunning...
- The great room is crowned by a soaring two-storey beamed ceiling and a massive Douglas Fir beam, creating a dramatic and memorable living space.
- The primary suite offers vaulted beam ceilings, a wall of windows facing the morning sunrise, and a private balcony tucked beneath the forest canopy.
- An additional detached 360 sq. ft. studio/home office with 10-foot ceilings adds incredible flexibility.
Welcome to your own private oasis in the Bluffs. This truly one-of-a-kind architect-designed ravine property sits on a full half-acre and offers a rare combination of privacy, nature, amazing wildlife, and stunning southeast-facing unobstructed views of the water. Surrounded by mature trees and natural beauty, this home feels peaceful and secluded while still being in the city. This mid-century modern style home was designed by an architect who studied under Frank Lloyd Wright, showcasing character, warmth, and a thoughtful connection to its natural surroundings. Built for entertaining, from intimate dinners to large gatherings, it features approximately 1,480 sq. ft. of decks and balconies, including a 550+ sq. ft. party deck, a 750+ sq. ft. wraparound deck, and two second-storey balconies. The great room is crowned by a soaring two-storey beamed ceiling and a massive Douglas Fir beam, creating a dramatic and memorable living space. The primary suite offers vaulted beam ceilings, a wall of windows facing the morning sunrise, and a private balcony tucked beneath the forest canopy. A separate two-room guest suite with bathroom features vaulted wood beam ceilings and a balcony overlooking the lake. An additional detached 360 sq. ft. studio/home office with 10-foot ceilings adds incredible flexibility. With hardwood flooring through the majority of the living space and the potential to reconfigure up to seven bedrooms, this home is as functional as it is unique. Minutes to Cudia Park, Sylvan Park, the Doris McCarthy Trail, and a 5 km waterfront trail. Near RH King, Cardinal Newman, and the new French Catholic Lamarche high school. A rare opportunity in one of Toronto's most scenic communities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13698770
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 3000-3500 sq ft
- Lot
- 100 × 175 ft
- Cross streets
- Ledge Road and Pine Ridge Drive
- Parking
- 1 garage · 2 parking (carport)
- Basement
- None
- Heating
- Radiant
- A/C
- None
- Exterior
- Cedar, Stucco (Plaster)
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $9,768 / 2026
- Days on market
- 60
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
hardwood floor · walk-in closet(s)
Tile Floor
Tile Floor
Tile Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Listed at $1,999,999. Going by how homes in Cliffcrest and the wider GTA have actually closed against their asking prices (about 97%, 29 local closings in 90 days), the likely sale price is near $1.93M, if it sells. A realistic range is $1.81M to $2.18M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Longer on the market than typical. 60 days on the market against about 38 for homes like it here, and asking 27% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.93M, from 29 recent closings in this pocket.
The market behind the math:
About 2.2 months of inventory: 21 detached homes for sale in the area against 29 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $615/sqft against an area asking average of $734/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 29 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.76M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
The assigned public school is R H King Academy. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($615/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 29 comparable homes that sold in Cliffcrest over the past two years, from 187 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $649/sqft; this home lists at $615/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Cliffcrest: $883K in September 2026, down 16% from a year ago, on 73 closings in 9 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.03M | 11 |
| November 2025 | $1.16M | 7 |
| December 2025 | $933K | 5 |
| April 2026 | $929K | 8 |
| May 2026 | $936K | 8 |
| June 2026 | $813K | 8 |
| July 2026 | $990K | 6 |
| August 2026 | $853K | 8 |
| September 2026 | $883K | 12 |
Neighbourhood & location
Cliffcrest, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,599,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,847
- Property tax
- $814
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,661
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,475
- Toronto municipal land transfer tax
- $36,475
- Estimated closing costs
- $72,950
Plus your down payment of $400,000. 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
- $530,800
- Principal paid down
- $195,490
- Interest paid
- $335,310
- Balance remaining
- $1,404,509
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 numbersThe last 7 whole-home leases in Cliffcrest signed at a median of $4,376 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,011. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
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.