118 Harewood Avenue, Toronto, ON
Cliffcrest, Toronto · MLS® E13765502
About this home
In short
- Exceptional custom-built detached home in desirable Cliffcrest.
- This spacious family home offers 4 bedrooms & 3 full baths upstairs,10 ft ceiling on main floor, with convenient separate laundry.
- The finished basement with separate entrance offers 3 bedrooms, 2 full baths, kitchen & laundry-ideal for extended family or potential rental use, subject to...
- Enjoy a beautiful private backyard with a large wooden deck, garden shed & no homes directly behind, creating a peaceful open setting.
- Closest schools to 118 Harewood Ave School Approx. distance Approx. walking time H A Halbert Junior Public School ~500-600 m 6-8 min Bliss Carman Senior Public School...
Exceptional custom-built detached home in desirable Cliffcrest! This spacious family home offers 4 bedrooms & 3 full baths upstairs,10 ft ceiling on main floor, with convenient separate laundry. The main floor features a welcoming foyer, living & dining rooms, well-appointed kitchen, family room & powder room. The finished basement with separate entrance offers 3 bedrooms, 2 full baths, kitchen & laundry-ideal for extended family or potential rental use, subject to applicable requirements. Enjoy a beautiful private backyard with a large wooden deck, garden shed & no homes directly behind, creating a peaceful open setting. No sidewalk provides added parking convenience. Closest schools to 118 Harewood Ave School Approx. distance Approx. walking time H A Halbert Junior Public School ~500-600 m 6-8 min Bliss Carman Senior Public School ~1.0-1.2 km ~12-15 min R.H. KING ACADEMY ~300-400 m 4-5 min Mason Road Junior Public School ~900 m-1.0 km ~11-13 min., including H.A. Halbert Jr. PS and R.H. King Academy, with shopping, transit, parks and everyday amenities nearby. A rare opportunity offering exceptional space, privacy, flexibility and income potential in a sought-after Scarborough location!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13765502
- Bedrooms
- 4+3 (7 total)
- Bathrooms
- 6 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 47.56 × 125.17 ft
- Cross streets
- Harewood And Kingston Rd
- Parking
- 5 parking
- Driveway
- Private, Covered
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,833 / 2026
- Days on market
- 39
- Listing brokerage
- RE/MAX COMMUNITY REALTY INC.
Rooms
hardwood floor · large window · open concept
tile floor · combined w/kitchen · w/o to deck
hardwood floor · double closet · semi ensuite
hardwood floor · large window · b/i shelves
hardwood floor · double closet · semi ensuite
closet · above grade window
tile floor · combined w/kitchen · w/o to deck
pot lights · closet · 3 pc ensuite
hardwood floor · large window · gas fireplace
hardwood floor · double closet · 3 pc ensuite
hardwood floor · walk-in closet(s) · 5 pc ensuite
eat-in kitchen · above grade window · backsplash
Listed at $1,649,000. 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 $1.59M, if it sells. A realistic range is $1.49M to $1.80M.
Independent value check: $1.55M. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $1.45M and $1.63M).
Why $1.55M. 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 2,500 to 3,000 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 $7,833 a year; the typical home sold here pays about $4,500.
- ▲ Raises it4+3 bedrooms and 6 baths, against 3+1 and 2 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $1.59M, from 29 recent closings in this pocket.
The market behind the math:
About 0.7 months of inventory: 7 detached homes for sale in the area against 29 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $600/sqft against an area asking average of $678/sqft.
- Separate-entrance basement apartment features. A finished 3 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Cliffcrest: 26 of the 93 detached leases here lately were basement units, around $1,800 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
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 $1.62M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- 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
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 ($600/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.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $651/sqft; this home lists at $600/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold 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.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.03M | 11 |
| November 2025 | $1.16M | 7 |
| December 2025 | $933K | 5 |
| April 2026 | $929K | 8 |
| May 2026 | $936K | 8 |
| June 2026 | $813K | 8 |
| July 2026 | $990K | 6 |
| August 2026 | $853K | 8 |
| September 2026 | $883K | 12 |
Neighbourhood & location
Cliffcrest, 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,319,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,294
- Property tax
- $653
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,947
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,455
- Toronto municipal land transfer tax
- $29,455
- Estimated closing costs
- $58,910
Plus your down payment of $329,800. 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
- $437,645
- Principal paid down
- $161,182
- Interest paid
- $276,463
- Balance remaining
- $1,158,018
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
The suite is real income here: basements rent in Cliffcrest (26 of 93 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 5 whole-home leases in Cliffcrest signed at a median of $5,483 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,127. 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 RE/MAX COMMUNITY REALTY INC.. MLS®/PropTx.