294 Cedarvale Avenue, Toronto, ON
Woodbine-Lumsden, Toronto · MLS® E13753638
About this home
In short
- Welcome To This Beautifully Renovated, Fully Detached 2-Storey Home - A Perfect Opportunity For First-Time Buyers, Downsizers And Young Families Alike.
- The Bright, Open-Concept Main Floor Is Filled With Natural Light And Designed For Both Everyday Comfort And Effortless Entertaining.
- Brand New Hardwood Floors Add Warmth Throughout The Space, While Sliding Doors Bring A Sleek, Contemporary Touch.
- A Rare Main-Floor Powder Room And Functional Mudroom Add Convenience, While The Rear Addition Creates An Impressive Eat-In Kitchen With Generous Space For Hosting And...
Welcome To This Beautifully Renovated, Fully Detached 2-Storey Home - A Perfect Opportunity For First-Time Buyers, Downsizers And Young Families Alike. Thoughtfully Updated With Exceptional Attention To Detail, This Move-In-Ready Gem Offers Stylish Modern Living On A Quiet, Family-Friendly Street. The Bright, Open-Concept Main Floor Is Filled With Natural Light And Designed For Both Everyday Comfort And Effortless Entertaining. Brand New Hardwood Floors Add Warmth Throughout The Space, While Sliding Doors Bring A Sleek, Contemporary Touch. A Rare Main-Floor Powder Room And Functional Mudroom Add Convenience, While The Rear Addition Creates An Impressive Eat-In Kitchen With Generous Space For Hosting And Everyday Living. Walk Out From The Kitchen To A Private, Fully Fenced Backyard Featuring A Brand New Deck - Perfect For Summer BBQs, Family Time, And Outdoor Entertaining. Upstairs, The Generous Primary Bedroom Comfortably Fits A King-Sized Bed And Features Custom Closet Organizers. The Beautifully Finished Bathroom, Complete With A Skylight, Adds A Touch Of Luxury And Warmth. Situated In One Of The City's Most Vibrant Neighbourhoods, You're Just Steps To Trendy Local Shops, Cafes, And The Danforth, With Easy Access To The Subway And GO Train. Enjoy The Natural Beauty Of Taylor Creek Park With Its Scenic Trails For Jogging And Biking, Or Take A Short Trip To The Beach For Relaxing Sunset Walks Along The Boardwalk. Offering The Perfect Blend Of Style, Comfort, And Community, This Is A Home You Won't Want To Miss.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13753638
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 700-1100 sq ft
- Lot
- 16.58 × 94.14 ft
- Cross streets
- Woodbine Ave / Lumsden Ave
- Parking
- 0 parking
- Driveway
- None
- Basement
- Unfinished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Wood
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,178 / 2025
- Days on market
- 41
- Listing brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
Rooms
window · unfinished
tile floor · 4 pc bath · skylight
hardwood floor · combined w/dining · window
hardwood floor · picture window
hardwood floor · double closet · window
hardwood floor · 2 pc bath · window
hardwood floor · stainless steel appl · w/o to yard
hardwood floor · window
hardwood floor · combined w/living · window
Listed at $899,000. Going by how homes in Woodbine-Lumsden and the wider GTA have actually closed against their asking prices (about 99%, 15 local closings in 90 days), the likely sale price is near $893K, if it sells. A realistic range is $837K to $1.01M.
Independent value check: $876K. Without looking at the asking price, our model values the home itself about 3% below the ask (homes like it typically land between $821K and $918K).
Why $876K. The typical detached home sold in Woodbine-Lumsden over the past year went for about $1.05M (66 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $4,178 a year; the typical home sold here pays about $4,800.
- ▼ Lowers itIt is 700 to 1,100 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it slightly2 bedrooms and 2 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $893K, from 15 recent closings in this pocket.
The market behind the math:
About 1.2 months of inventory: 6 detached homes for sale in the area against 15 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $999/sqft against an area asking average of $915/sqft.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $736K. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Gledhill Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 15 comparable homes that sold in Woodbine-Lumsden over the past two years, from 146 closings there.
Nothing 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 $876K, which is where my estimate comes from.
Per square foot, these ask about $949/sqft; this home lists at $999/sqft. Size is part of the price story, not just the sticker.
The 5 closest 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
Woodbine-Lumsden, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $719,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,977
- Property tax
- $348
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,325
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,455
- Toronto municipal land transfer tax
- $14,455
- Estimated closing costs
- $28,910
Plus your down payment of $179,800. 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
- $238,595
- Principal paid down
- $87,873
- Interest paid
- $150,722
- Balance remaining
- $631,327
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 10 whole-home leases in Woodbine-Lumsden signed at a median of $2,487 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,587. 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 KELLER WILLIAMS ADVANTAGE REALTY. MLS®/PropTx.