477 Rhodes Avenue, Toronto, ON
Greenwood-Coxwell, Toronto · MLS® E13764468
About this home
In short
- A hidden gem tucked away at the top of a quiet dead-end street, a short stroll to shops and restaurants on Gerrard and Queen St E.
- This spacious freehold home, built in 2005, offers four floors of living space on a deep 110-ft. lot-giving first-time buyers all of their checklist items and growing...
- The open concept main floor is bright and welcoming, with generous living and dining areas, overlooking a private park-like backyard with a large balcony perfect for...
- The bright above-grade lower level adds flexible space with high ceilings, a walk-out to the backyard, separate bedroom and full bathroom-ideal for guests, a home...
- Outside, enjoy a beautifully landscaped, private backyard backing onto a parkette and surrounded by mature trees, perfect for entertaining or peaceful weekends in the...
A hidden gem tucked away at the top of a quiet dead-end street, a short stroll to shops and restaurants on Gerrard and Queen St E. This spacious freehold home, built in 2005, offers four floors of living space on a deep 110-ft. lot-giving first-time buyers all of their checklist items and growing families the space they've been looking for. The open concept main floor is bright and welcoming, with generous living and dining areas, overlooking a private park-like backyard with a large balcony perfect for entertaining, along with a well-appointed kitchen and convenient powder room. The bright above-grade lower level adds flexible space with high ceilings, a walk-out to the backyard, separate bedroom and full bathroom-ideal for guests, a home office or family rec room. Upstairs, two more bedrooms and a four-piece bath provide plenty of room for growing familes or those in need of dedicated WFH space, while the third-storey primary retreat feels like a private escape, complete with ensuite, walk-in closet and balcony with peaceful treetop views. Outside, enjoy a beautifully landscaped, private backyard backing onto a parkette and surrounded by mature trees, perfect for entertaining or peaceful weekends in the city. Need parking? The current owner rents a parking space at the neighbouring property, and this arrangement is available to the future owner. Easy commuting via TTC, highly walkable neighbourhood with the best of Leslieville and the Beach at your doorstep! This home provides an impressive amount of space and room to grow, with all the lifestyle benefits of city living!
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- E13764468
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 13.98 × 110.63 ft
- Cross streets
- Gerrard St E & Coxwell Ave
- Parking
- 0 parking
- Basement
- Finished with Walk-Out, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding, Brick Veneer
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle, Membrane
- Sewer
- Sewer
- Property tax
- $6,790 / 2026
- Days on market
- 1
- Listing brokerage
- UNION REALTY BROKERAGE INC.
Rooms
above grade window · w/o to yard
3 pc ensuite · walk-in closet(s) · w/o to deck
renovated · eat-in kitchen · 2 pc bath
3 pc bath · b/i shelves
b/i closet · large window · overlooks backyard
b/i closet · large window
open concept · hardwood floor · pot lights
open concept · hardwood floor · w/o to deck
Listed at $999,999 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.14M, typically $1.01M to $1.21M. Comparable closings on their own put this home around $1.46M, so the seller is asking less than the comparables suggest: either they want a quick, clean sale or something about the home is not in the comparables. Worth seeing before you offer.
Second read, from the city assessment: $1.69M. That is about 16% above the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $1.14M, median of 12 comparables.
The market behind the math:
Price per square foot: this home lists at $571/sqft against an area asking average of $729/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Greenwood-Coxwell basements rarely rent out (1 of 28 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- Ravine / green setting. This home sits beside Coxwell Avenue Playground. A premium that comparable-sales math under-prices, so read the estimate as a floor.
How this estimate is builtthe short version
I take the 12 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.69M, higher than the comparables and worth a second look.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Equinox Holistic Alternative 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 Greenwood-Coxwell, so I widened the search to the surrounding area.
Based on 12 comparable homes that sold in Greenwood-Coxwell over the past two years, from 26 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.46M, which is where my estimate comes from.
Per square foot, these ask about $925/sqft; this home lists at $571/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Greenwood-Coxwell, 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 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $799,999 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,313
- Property tax
- $566
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,879
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,475
- Toronto municipal land transfer tax
- $16,475
- Estimated closing costs
- $32,950
Plus your down payment of $200,000. 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
- $258,773
- Principal paid down
- $100,686
- Interest paid
- $158,087
- Balance remaining
- $699,313
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
About the suite: in Greenwood-Coxwell basements rarely rent out (1 of 28 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 6 whole-home leases in Greenwood-Coxwell signed at a median of $4,430 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,125. 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 UNION REALTY BROKERAGE INC.. MLS®/PropTx.