221 Riverdale Avenue, Toronto, ON

North Riverdale, Toronto · MLS® E13749592

$1,230,000
For Sale
Listed 23 days agoNo offer date stated
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3Bedrooms
2Bathrooms
0Parking
1100-1500Sq ft

About this home

In short

  • Welcome To 221 Riverdale Avenue, A Beautifully Updated 2-Storey Semi-Detached Home In The Heart Of Riverdale.
  • Freshly Painted And Newly Renovated Throughout, This Bright And Inviting Residence Offers Three Well-Proportioned Bedrooms And Two Full Bathrooms.
  • The Open-Concept Living And Dining Areas Feature Large Windows, Pot Lights And Modern Flooring.
  • The Renovated Eat-In Kitchen Offers Ample Cabinetry, Sleek Countertops, And Brand-New Stove And Refrigerator.
  • The Finished Basement Provides Generous Additional Living Space, A Full Bathroom And Separate Laundry Room With Brand-New Washer.

Welcome To 221 Riverdale Avenue, A Beautifully Updated 2-Storey Semi-Detached Home In The Heart Of Riverdale. Freshly Painted And Newly Renovated Throughout, This Bright And Inviting Residence Offers Three Well-Proportioned Bedrooms And Two Full Bathrooms. The Open-Concept Living And Dining Areas Feature Large Windows, Pot Lights And Modern Flooring. The Renovated Eat-In Kitchen Offers Ample Cabinetry, Sleek Countertops, And Brand-New Stove And Refrigerator. The Finished Basement Provides Generous Additional Living Space, A Full Bathroom And Separate Laundry Room With Brand-New Washer. Enjoy A Spacious Covered Front Porch, Rear Deck And Private Fenced Backyard Surrounded By Mature Greenery. Situated In A Charming, Family-Friendly Neighbourhood Near Withrow Park And Riverdale Park, With Convenient Access To Pape And Broadview Subway Stations and the future East Harbour GO/Transit Hub, connecting to GO and the future Ontario Line. TTC Streetcars, And The Shops, Cafés And Restaurants Along The Danforth, Gerrard Street East And Leslieville. A Turnkey Home Combining Modern Comfort With Classic Riverdale Charm. ** EXTRAS ** Stainless Steel Applicances: New Fridge (2026), New Stove (2026 ), and Range Hood; New Washer (2026 ) All Existing ELFs;

Key facts

Property type
Semi-Detached, 2-Storey
MLS®
E13749592
Bedrooms
3
Bathrooms
2
Size
1100-1500 sq ft
Lot
16.75 × 90 ft
Cross streets
Riverdale & Carlaw
Parking
0 parking
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$6,913 / 2026
Days on market
23
Listing brokerage
LANDPOWER REAL ESTATE LTD.

Rooms

KitchenGround3.67 × 3.17 m

laminate · stainless steel appl · breakfast area

FoyerGround3.57 × 1.10 m

Laminate

Living RoomGround7.16 × 2.61 m

laminate · combined w/dining · large window

Primary BedroomSecond3.78 × 3.31 m

laminate · large window · walk-in closet(s)

LaundryBasement1.51 × 1.71 m

Ceramic Floor

Bedroom 2Second2.69 × 3.36 m

laminate · walk-in closet(s) · window

BreakfastGround3.67 × 3.17 m

laminate · combined w/kitchen · pantry

RecreationBasement7.32 × 2.37 m

laminate · 4 pc bath

Dining RoomGround7.16 × 2.61 m

laminate · combined w/living · window

Bedroom 3Second3.19 × 4.19 m

laminate · large window · south view

Our TakeTeam Asgarian · Broker
Likely to sell near ask
$1.26Mlikely sale price

Listed at $1,230,000. Going by how homes in North Riverdale and the wider GTA have actually closed against their asking prices (about 102%, 10 local closings in 90 days), the likely sale price is near $1.26M, if it sells. A realistic range is $1.18M to $1.42M.

Independent value check: $1.39M. Without looking at the asking price, our model values the home itself about 13% above the ask (homes like it typically land between $1.31M and $1.46M).

Why $1.39M. The typical semi-detached home sold in North Riverdale over the past year went for about $1.73M (58 sales). What sets this one apart:

  • ▲ Raises itThe listing describes it as fully renovated or newly built.
  • ▼ Lowers itIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
  • ▼ Lowers itIts tax bill, which follows the city's own assessment, is $6,913 a year; the typical home sold here pays about $7,300.
  • ▼ Lowers it slightlyIts lot is 17 by 90 ft; the typical lot sold here is 18 by 105.
List price
$1.18MBelow recent closings$1.42MAbove recent closings

Total price vs nearby homes. Likely closing about $1.26M, from 10 recent closings in this pocket.

The market behind the math:

10sold nearby · 90 days
$1.55Mmedian sold price
112%of asking, on average
+4%prices vs a year ago
~9 dayshomes like this take to sell
23days on market so far
$4,996/moest. rent · 13 leases
4.9%gross yield on the ask
This home
Below area avgAbove area avg

Price per square foot: this home lists at $946/sqft against an area asking average of $830/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 $1.51M. Condition and finishes remain an in-person call.

What the listing highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
  • 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
Schools & getting aroundcatchment and transit

On schools, this address is zoned for Pape Avenue 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

Below comparable homes on total price, yet the price per square foot ($946/sqft) is above the area, which usually points to a smaller or more efficient layout.

There were not many closely comparable homes right in North Riverdale, so I widened the search to the surrounding area.

Based on 8 homes sold on this street over the past two years, from 116 closings in North Riverdale.

What sellers nearby are askingCurrently listed nearby in North Riverdale · asking prices
$1.22Mavg 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 $935/sqft; this home lists at $946/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
1.23MThis home999k1.30M1.35MThis home vs active comparables

Neighbourhood & location

North Riverdale, 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.

South Riverdale
$1.29M
Greenwood-Coxwell
$909K
Woodbine Corridor
$988K
East End-Danforth
$1.19M
Palmerston-Little Italy
$1.96M

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 Pape Avenue Junior Public School
90%
Pape Avenue Junior Public SchoolPublic · Elementary · 0.2 km awayAmong the top in the GTA · 90% meet the provincial standard
Kapapamahchakwew (Elem) - Wandering Spirit SchoolEQAO results not published
Danforth Collegiate and Technical InstituteEQAO results not published
Also nearby: 12 more schools within 2.5 km
Blake Street Junior Public School · Public elementary0.5 km · 75% at standard
East Alternative School of Toronto · Public elementary0.5 km
Quest Alternative School Senior · Public elementary0.6 km
Withrow Avenue Junior Public School · Public elementary0.6 km · 85% at standard
Eastdale Collegiate Institute · Public secondary0.6 km
Earl Grey Senior Public School · Public elementary0.8 km
Riverdale Collegiate Institute · Public secondary0.8 km · 86% at standard
Frankland Community School Junior · Public elementary0.9 km · 87% at standard
Dundas Junior Public School · Public elementary1.0 km · 59% at standard
Leslieville Junior Public School · Public elementary1.0 km · 62% at standard
SEED Alternative School · Public secondary1.1 km
Queen Alexandra Middle School · Public elementary1.1 km · 71% at standard

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

Affordability & Mortgage

Affordability
$5,606/mo
$236KIncome needed
5.2×Price ÷ income
$1,294Weekly cost
$42,150Land 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 $5,606Property tax $576Total carry $6,182

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of September 30, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,441per month

Mortgage amount $984,000 · 4.49% over 25 years

$246,000Down payment (20.0%)
$984,000Loan before insurance
$0CMHC premium
$6,017Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,441
Property tax
$576
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,017

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

One-time closing costs

Ontario land transfer tax
$21,075
Toronto municipal land transfer tax
$21,075
Estimated closing costs
$42,150

Plus your down payment of $246,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,585/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

$648,211Total interest paid
$1,632,211Total of all payments
Principal $984,000 Interest $648,211
YearPrincipalInterestBalance
1$21,959$43,330$962,041
2$22,956$42,333$939,086
3$23,998$41,290$915,088
4$25,088$40,201$890,000
5$26,227$39,062$863,773
6$27,417$37,871$836,356
7$28,662$36,626$807,694
8$29,964$35,325$777,730
9$31,324$33,964$746,406
10$32,746$32,542$713,659
11$34,233$31,055$679,426
12$35,788$29,501$643,638
13$37,412$27,876$606,226
14$39,111$26,177$567,115
15$40,887$24,402$526,228
16$42,743$22,545$483,485
17$44,684$20,604$438,800
18$46,713$18,576$392,087
19$48,834$16,455$343,254
20$51,051$14,237$292,202
21$53,369$11,919$238,833
22$55,792$9,496$183,041
23$58,325$6,963$124,716
24$60,974$4,315$63,742
25$63,742$1,546$0

At the end of your 5-year term

Total paid over the term
$326,442
Principal paid down
$120,227
Interest paid
$206,216
Balance remaining
$863,773

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 13 whole-home leases in North Riverdale$4,996/mo
$59,952Gross annual rent
3.7%Cap rate after taxes and upkeep
$4,747 to $5,516Typical rent range

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 13 whole-home leases in North Riverdale signed at a median of $5,416 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,996. 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.

4.9%
Gross yield
− Property tax $6,913− Insurance $1,400− Vacancy & upkeep $6,595Net operating income $45,044

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of LANDPOWER REAL ESTATE LTD.. MLS®/PropTx.

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