116 Sylvan Avenue, Toronto, ON
Scarborough Village, Toronto · MLS® E13708764
About this home
In short
- Discover a rare opportunity to own a beautifully renovated home on an exceptionally large, private lot in a quiet and established Scarborough Village neighbourhood.
- Thoughtfully updated with more than $300,000 in renovations, this move-in-ready home combines modern living with the space, privacy, and flexibility of an oversized...
- The main level features a bright, open-concept layout with new flooring, fresh paint, pot lights, and expansive windows that fill the home with natural light.
- The renovated kitchen offers contemporary cabinetry, quality countertops, and stainless-steel appliances, flowing seamlessly into the spacious living and dining areas.
- Whether you're looking for a move-in-ready family home, multigenerational living, supplemental rental income, or a property with long-term potential, 116 Sylvan...
Discover a rare opportunity to own a beautifully renovated home on an exceptionally large, private lot in a quiet and established Scarborough Village neighbourhood. Thoughtfully updated with more than $300,000 in renovations, this move-in-ready home combines modern living with the space, privacy, and flexibility of an oversized property.The main level features a bright, open-concept layout with new flooring, fresh paint, pot lights, and expansive windows that fill the home with natural light. The renovated kitchen offers contemporary cabinetry, quality countertops, and stainless-steel appliances, flowing seamlessly into the spacious living and dining areas.The lower level adds valuable flexibility with a separate entrance and a self-contained one-bedroom suite-ideal for extended family, guests, an adult child, or potential rental income.Outside, the exceptionally deep lot provides generous private outdoor space and exciting long-term potential for buyers who value land, while allowing you to enjoy the benefits of a beautifully renovated home today.Enjoy the best of both worlds in this peaceful, established neighbourhood, just minutes from the Scarborough Bluffs, waterfront trails, parks, schools, shopping, and major transit routes. Located within the Elizabeth Simcoe Junior Public School area and close to Guild Park & Gardens and scenic walking trails, the location offers an exceptional blend of nature, community charm, and urban convenience. Guildwood GO Station provides convenient access to downtown Toronto, making this an appealing location for families and professionals alike.Whether you're looking for a move-in-ready family home, multigenerational living, supplemental rental income, or a property with long-term potential, 116 Sylvan Avenue offers a rare combination of a renovated home, an exceptionally large lot, and flexible living space in an established Toronto neighbourhood. (Living room images are virtually staged)
Key facts
- Property type
- Detached, Backsplit 3
- MLS®
- E13708764
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 61 × 191 ft
- Cross streets
- Kingston Rd/ Markham Rd
- Parking
- 1.5 garage · 8 parking (attached)
- Driveway
- Private
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick, Stone
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,690 / 2025
- Days on market
- 56
- Listing brokerage
- EVERLAND REALTY INC.
Rooms
Listed at $1,481,800. Going by how homes in Scarborough Village and the wider GTA have actually closed against their asking prices (about 97%, 10 local closings in 90 days), the likely sale price is near $1.44M, if it sells. A realistic range is $1.35M to $1.62M.
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. 56 days on the market against about 15 for homes like it here, and asking 55% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.44M, from 10 recent closings in this pocket.
The market behind the math:
About 3.9 months of inventory: 13 detached homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,140/sqft against an area asking average of $874/sqft.
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 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $948K. Condition and finishes remain an in-person call.
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
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Elizabeth Simcoe Junior Public School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Scarborough Village, so I widened the search to the surrounding area.
Based on 10 comparable homes that sold in Scarborough Village over the past two years, from 50 closings there.
For sale
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.11M, which is where my estimate comes from.
Per square foot, these ask about $917/sqft; this home lists at $1,140/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,360 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 776 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 678 |
Neighbourhood & location
Scarborough Village, 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
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 $1,185,440 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,555
- Property tax
- $391
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,945
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,111
- Toronto municipal land transfer tax
- $26,111
- Estimated closing costs
- $52,222
Plus your down payment of $296,360. 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
- $393,270
- Principal paid down
- $144,839
- Interest paid
- $248,431
- Balance remaining
- $1,040,601
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 5 whole-home leases in Scarborough Village signed at a median of $2,862 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,181. 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 EVERLAND REALTY INC.. MLS®/PropTx.