118 Zaph Avenue, Toronto, ON
Highland Creek, Toronto · MLS® E13715830
About this home
In short
- Welcome to Highland Creek, where peaceful tree-lined streets meet generous land, and life moves at a refreshingly relaxed pace.
- Set on an impressive 50 x 150 ft lot with an expansive private drive, this bright, sun-filled bungalow offers immediate comfort, multi-generational flexibility, and...
- The functional eat-in kitchen comes equipped with a gas range, while three generous main-floor bedrooms offer peaceful retreats - including a primary suite that...
- Featuring a convenient separate entrance/walkout, this sprawling space includes a generous fourth bedroom, a 3-pc second bathroom, and a versatile rec room ready for...
- Step outside to enjoy the deep, private backyard, offering incredible space for outdoor dining, gardening, and play.
Welcome to Highland Creek, where peaceful tree-lined streets meet generous land, and life moves at a refreshingly relaxed pace. Set on an impressive 50 x 150 ft lot with an expansive private drive, this bright, sun-filled bungalow offers immediate comfort, multi-generational flexibility, and endless future potential. Inside, natural light anchors the main level. Dramatic near-floor-to-ceiling windows drench the spacious living and dining areas with natural light, creating warm and welcoming space for everyday living. The functional eat-in kitchen comes equipped with a gas range, while three generous main-floor bedrooms offer peaceful retreats - including a primary suite that accommodates a king-sized bed - all serviced by a 4-pc washroom. The lower level dramatically expands your living options. Featuring a convenient separate entrance/walkout, this sprawling space includes a generous fourth bedroom, a 3-pc second bathroom, and a versatile rec room ready for movie nights, a gym, and a study/office nook. It is an ideal layout for in-laws, guests, or children who have mastered the art of never leaving. Step outside to enjoy the deep, private backyard, offering incredible space for outdoor dining, gardening, and play. Whether you choose to move in and enjoy, update, or build new among the surrounding high-value homes, the location delivers on every level. It's a bit of a secret gem. You are minutes from the charming, small-town atmosphere of historic Highland Creek Village with its cozy eateries like The Social, local shops, and daily essentials. Nature lovers, dog lovers and sporty types enjoy the trails, winding rivers, off-leash areas and sports fields nearby in Morningside Park and the Rouge Valley. The location is an educational hub, located near UTSC, Centennial College, and top local school catchments. Commuters will love being just two minutes to Highway 401 and a short drive to Guildwood or Rouge Hill GO Stations for a smooth downtown commute.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13715830
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 50 × 150 ft
- Cross streets
- Ellesmere and Meadowvale
- Parking
- 2 parking
- Driveway
- Private
- Basement
- Separate Entrance, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,989 / 2025
- Days on market
- 54
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
Hardwood Floor
Hardwood Floor
Bay Window
Hardwood Floor
Hardwood Floor
hardwood floor · overlooks dining
Double Closet
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readOn schools, this address is zoned for Meadowvale 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.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $839/sqft; this home lists at $1,099/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Highland Creek, 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.
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 $791,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,375
- Property tax
- $332
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,707
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,255
- Toronto municipal land transfer tax
- $16,255
- Estimated closing costs
- $32,510
Plus your down payment of $197,800. 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
- $262,481
- Principal paid down
- $96,670
- Interest paid
- $165,811
- Balance remaining
- $694,530
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 REAL ESTATE HOMEWARD. MLS®/PropTx.