40 PRINGDALE GARDENS Circle, Toronto, ON
Eglinton East, Toronto · MLS® E13770216
About this home
In short
- 4-bedroom, 4-washroom, totally freehold no POTL fee.
- By Monarch Development, 2210 sq.ft.
- A bright, open-concept main floor features sun-filled natural light.
4-bedroom, 4-washroom, totally freehold no POTL fee!!! By Monarch Development, 2210 sq.ft. Steps from the Eglinton subway and the future McCowan subway line right outside the door . A bright, open-concept main floor features sun-filled natural light. Close to Scarborough General Hospital, the ground floor features a bedroom and a full bathroom with a shower, making it ideal for seniors who prefer to avoid stairs, guests or as an office. This spacious turnkey home offers the perfect blend of modern luxury, smart upgrades, and timeless finishes ready for you to move in and enjoy. Come see this amazing opportunity!
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- E13770216
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 20 × 88 ft
- Cross streets
- Danforth/Eglinton
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,430 / 2026
- Listing brokerage
- SUNSHINE REALTY BROKERAGE INC.
Rooms
hardwood floor · large window
Hardwood Floor
hardwood floor · 3 pc ensuite · closet
tile floor · stainless steel appl · window
Broadloom
hardwood floor · closet
3 pc ensuite · closet · window
hardwood floor · closet
Listed at $799,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $844K, typically $782K to $863K. Comparable closings on their own put this home around $948K, 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: $987K. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $844K, median of 5 comparables.
The market behind the math:
Price per square foot: this home lists at $355/sqft against an area asking average of $733/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 5 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 $987K, a bit higher.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is John McCrae Public School. 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
There were not many closely comparable homes right in Eglinton East, so I widened the search to the surrounding area.
Based on 4 homes sold on this street over the past two years, plus 1 nearby in Eglinton East, from 5 closings in Eglinton East.
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 $948K, which is where my estimate comes from.
Per square foot, these ask about $516/sqft; this home lists at $355/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Eglinton East, 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 $639,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,446
- Property tax
- $453
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,898
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,455
- Toronto municipal land transfer tax
- $12,455
- Estimated closing costs
- $24,910
Plus your down payment of $159,800. 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
- $206,760
- Principal paid down
- $80,448
- Interest paid
- $126,312
- Balance remaining
- $558,752
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUNSHINE REALTY BROKERAGE INC.. MLS®/PropTx.