2 Pine Ridge Drive, Toronto, ON

Cliffcrest, Toronto · MLS® E13727932

$1,849,000
For Sale
Listed 49 days agoNo offer date stated
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4Bedrooms
3Bathrooms
2Garage · 8 parking
3000-3500Sq ft

About this home

In short

  • Attention Foreign Investors: Willing to close January 1, 2027.
  • The main floor features exquisite hardwood flooring, sophisticated crown moulding, and expansive windows that bathe the residence in natural light.
  • The open-concept living and dining areas centre on an elegant wood-burning fireplace, while the chef's kitchen showcases a premium 36-inch gas range, stainless-steel...
  • The upper floor unveils an extraordinary primary retreat featuring soaring vaulted ceilings, a dedicated sitting room, and a lavish 7-piece spa-inspired ensuite with...
  • The wrap-around yard, surrounded by lush greenery and thoughtfully designed privacy fencing, creates an extraordinary outdoor oasis that seamlessly blends with its...

Attention Foreign Investors: Willing to close January 1, 2027!! Introducing 2 Pine Ridge Drive, an exceptional residence in Toronto's most coveted enclave, minutes from the Scarborough Bluffs, pristine waterfront trails, and Toronto's finest institutions. Set on spectacular grounds with mature landscaping and meticulously curated gardens, this distinguished home is a masterclass in refined living. The main floor features exquisite hardwood flooring, sophisticated crown moulding, and expansive windows that bathe the residence in natural light. The open-concept living and dining areas centre on an elegant wood-burning fireplace, while the chef's kitchen showcases a premium 36-inch gas range, stainless-steel appliances, sculptural peninsula island with granite countertops, and a picturesque bay window overlooking the immaculate gardens. A private main-floor office provides a dedicated workspace. The upper floor unveils an extraordinary primary retreat featuring soaring vaulted ceilings, a dedicated sitting room, and a lavish 7-piece spa-inspired ensuite with soaker tub, curbless glass shower, and marble-appointed double vanity. The bespoke walk-in closet features wall-to-wall built-in cabinetry, centre island, and integrated washer and dryer. Two additional spacious bedrooms and an elegant 4-piece bath complete the level. The finished lower level offers a grand recreation room with gas fireplace, kitchenette, and secondary laundry. Walk-up to the dedicated gym, easily convertible to additional living space. The massive attached two-car garage offers abundant storage, while the expansive driveway accommodates six vehicles. The wrap-around yard, surrounded by lush greenery and thoughtfully designed privacy fencing, creates an extraordinary outdoor oasis that seamlessly blends with its serene natural setting, attracting graceful deer-a privilege few urban properties can claim.

Key facts

Property type
Detached, 2-Storey
MLS®
E13727932
Bedrooms
4
Bathrooms
3 (1 half)
Size
3000-3500 sq ft
Lot
116.83 × 137.2 ft
Cross streets
Pine Ridge Drive and South of Kingston Rd
Parking
2 garage · 8 parking (built-in)
Driveway
Private
Basement
Finished
Kitchens
2 (1 + 1)
Heating
Other
A/C
Central Air
Exterior
Stone, Stucco (Plaster)
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Property tax
$10,173 / 2025
Days on market
49
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY

Rooms

KitchenMain5.08 × 2.49 m

stainless steel appl · granite counters · bay window

LaundryBasement3.84 × 2.34 m

window · laundry sink

BreakfastMain3.38 × 3.12 m

hardwood floor · crown moulding · b/i shelves

Dining RoomMain2.34 × 3.81 m

hardwood floor · crown moulding · open concept

KitchenBasement2.79 × 1.27 m

open concept · window · pot lights

Primary BedroomSecond7.32 × 7.21 m

combined w/sitting · 7 pc ensuite · walk-in closet(s)

Bedroom 3Second4.01 × 4.93 m

hardwood floor · large window · closet

Living RoomMain4.45 × 3.81 m

hardwood floor · crown moulding · fireplace

RecreationBasement5.49 × 4.42 m

large window · pot lights · b/i shelves

OfficeMain2.82 × 2.90 m

b/i shelves · hardwood floor · large window

Bedroom 2Second3.68 × 2.87 m

hardwood floor · large window · closet

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.79Mlikely sale price

Listed at $1,849,000. 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 $1.79M, if it sells. A realistic range is $1.67M to $2.01M.

Independent value check: $1.73M. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $1.62M and $1.81M).

Why $1.73M. The typical detached home sold in Cliffcrest over the past year went for about $950K (81 sales). What sets this one apart:

  • ▲ Raises it stronglyIt is 3,000 to 3,500 sq ft; the typical home sold here is 1,100 to 1,500.
  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $10,173 a year; the typical home sold here pays about $4,500.
  • ▲ Raises it slightly2 garage and 8 total parking spaces, against 1 and 4 typically.
  • ▲ Raises it slightlyIts lot is 117 by 137 ft; the typical lot sold here is 50 by 135.
List price
$1.67MBelow recent closings$2.01MAbove recent closings

Total price vs nearby homes. Likely closing about $1.79M, from 29 recent closings in this pocket.

The market behind the math:

29sold nearby · 90 days
$915Kmedian sold price
94%of asking, on average
−19%prices vs a year ago
~28 dayshomes like this take to sell
49days on market so far
$5,011/moest. rent · 7 leases
3.3%gross yield on the ask
Balanced market
Buyer's marketSeller's market

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.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $569/sqft against an area asking average of $736/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 29 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.78M. 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.

  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
  • 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 ($569/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.

What sellers nearby are askingCurrently listed nearby in Cliffcrest · asking prices
$2.00Mavg asking

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 $660/sqft; this home lists at $569/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
1.85MThis home2.00M1.90M1.30M2.80MThis home vs active comparables

Sold 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.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$1.03M11
November 2025$1.16M7
December 2025$933K5
April 2026$929K8
May 2026$936K8
June 2026$813K8
July 2026$990K6
August 2026$853K8
September 2026$883K12

Neighbourhood & location

Cliffcrest, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Bendale
$949K
Wexford-Maryvale
$849K
Woodbine-Lumsden
$949K
Rouge E11
$1.15M
Leaside
$2.15M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Fairmount Public School
68%
Fairmount Public SchoolPublic · Elementary · 0.9 km awayBelow the GTA average · 68% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
H A Halbert Junior Public School · Public elementary0.6 km · 46% at standard
Bliss Carman Senior Public School · Public elementary0.6 km
Anson Park Public School · Public elementary1.3 km · 60% at standard
Mason Road Junior Public School · Public elementary1.4 km · 43% at standard
St Boniface Catholic School · Catholic elementary1.6 km · 68% at standard
George P Mackie Junior Public School · Public elementary1.7 km · 81% at standard
St John Henry Newman Catholic High School · Catholic secondary1.8 km · 63% at standard
St Theresa Shrine Catholic School · Catholic elementary1.9 km · 67% at standard
Scarborough Village Public School · Public elementary1.9 km · 65% at standard
Elizabeth Simcoe Junior Public School · Public elementary2.0 km · 81% at standard
Robert Service Senior Public School · Public elementary2.1 km
Walter Perry Junior Public School · Public elementary2.2 km · 66% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$8,427/mo
$352KIncome needed
5.3×Price ÷ income
$1,945Weekly cost
$66,910Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

91%mortgage
Mortgage $8,427Property tax $848Total carry $9,275

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8,179per month

Mortgage amount $1,479,200 · 4.49% over 25 years

$369,800Down payment (20.0%)
$1,479,200Loan before insurance
$0CMHC premium
$9,027Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,179
Property tax
$848
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9,027

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$33,455
Toronto municipal land transfer tax
$33,455
Estimated closing costs
$66,910

Plus your down payment of $369,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$9,899/monthPayment at the qualifying rate

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

$974,425Total interest paid
$2,453,625Total of all payments
Principal $1,479,200 Interest $974,425
YearPrincipalInterestBalance
1$33,009$65,136$1,446,191
2$34,508$63,637$1,411,682
3$36,075$62,070$1,375,607
4$37,713$60,432$1,337,894
5$39,425$58,720$1,298,469
6$41,215$56,930$1,257,254
7$43,087$55,058$1,214,167
8$45,043$53,102$1,169,124
9$47,088$51,057$1,122,036
10$49,226$48,919$1,072,810
11$51,461$46,684$1,021,349
12$53,798$44,347$967,551
13$56,240$41,905$911,310
14$58,794$39,351$852,517
15$61,463$36,682$791,053
16$64,254$33,891$726,799
17$67,171$30,974$659,628
18$70,221$27,924$589,406
19$73,410$24,735$515,997
20$76,743$21,402$439,254
21$80,227$17,918$359,027
22$83,870$14,275$275,157
23$87,678$10,467$187,479
24$91,659$6,486$95,820
25$95,820$2,325$0

At the end of your 5-year term

Total paid over the term
$490,725
Principal paid down
$180,731
Interest paid
$309,994
Balance remaining
$1,298,469

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.

Let's connect

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

Rental yield
From 7 whole-home leases in Cliffcrest$5,011/mo
$60,132Gross annual rent
2.3%Cap rate after taxes and upkeep
$4,610 to $5,921Typical rent range
~20 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The 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.

3.3%
Gross yield
− Property tax $10,173− Insurance $1,400− Vacancy & upkeep $6,615Net operating income $41,944

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.

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