8 Savoy Avenue, Toronto, ON

Woodbine-Lumsden, Toronto · MLS® E13799524

$958,800
For Sale
Listed 32 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
1Garage · 2 parking
700-1100Sq ft

About this home

In short

  • Immaculate and cozy detached family home in one of East York's most sought-after neighbourhoods.
  • Enjoy it as-is, renovate to suit your style, or build your dream home on this desirable lot.

Immaculate and cozy detached family home in one of East York's most sought-after neighbourhoods! Perfect for first-time buyers, this well-maintained property is move-in ready and offers endless potential. Enjoy it as-is, renovate to suit your style, or build your dream home on this desirable lot. All major mechanical systems have been well cared for, providing peace of mind for future owners. Ideally located just minutes from the subway, major highways, top-rated schools, hospitals, shopping, dining, and everyday amenities. A fantastic opportunity in a highly desirable community-don't miss it!

Key facts

Property type
Detached, 1 1/2 Storey
MLS®
E13799524
Bedrooms
2+1 (3 total)
Bathrooms
2 (1 half)
Size
700-1100 sq ft
Lot
25 × 100 ft
Cross streets
Woodbine / Cosburn
Parking
1 garage · 2 parking (detached)
Driveway
Mutual
Basement
Full
Heating
Radiant
A/C
Window Unit(s)
Exterior
Brick
Foundation
Brick, Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,084 / 2025
Days on market
32
Listing brokerage
RIGHT AT HOME REALTY

Rooms

RecreationBasement4.19 × 3.20 m

Broadloom

Dining RoomMain4.55 × 3.27 m

Laminate

BedroomSecond4.40 × 3.30 m

Broadloom

Living RoomMain4.55 × 3.27 m

Laminate

Bedroom 2Second4.40 × 3.43 m

Broadloom

KitchenMain4.55 × 3.35 m

vinyl floor · w/o to deck

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

Its public catchment (Parkside Elementary School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

Neighbourhood & location

Woodbine-Lumsden, 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.

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 Parkside Elementary School
75%
Parkside Elementary SchoolPublic · Elementary · 0.2 km awayAbove the GTA average · 75% meet the provincial standard
William J McCordic SchoolEQAO results not published
East York Alternative Secondary SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
D A Morrison Middle School · Public elementary0.5 km · 79% at standard
East York Alternative Secondary School · Public secondary0.7 km
East York Collegiate Institute · Public secondary0.9 km · 64% at standard
Presteign Heights Elementary School · Public elementary0.9 km · 91% at standard
St Brigid Catholic School · Catholic elementary1.1 km · 76% at standard
R H McGregor Elementary School · Public elementary1.2 km · 68% at standard
Cosburn Middle School · Public elementary1.2 km · 68% at standard
Diefenbaker Elementary School · Public elementary1.2 km · 68% at standard
Gledhill Junior Public School · Public elementary1.2 km · 76% at standard
Earl Beatty Junior and Senior Public School · Public elementary1.3 km · 87% at standard
Secord Elementary School · Public elementary1.4 km · 61% at standard
Gordon A Brown Middle School · Public elementary1.5 km · 77% at standard

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

Affordability & Mortgage

Affordability
$4,370/mo
$184KIncome needed
5.2×Price ÷ income
$1,008Weekly cost
$31,302Land 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 $4,370Property tax $424Total carry $4,794

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 October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,241per month

Mortgage amount $767,040 · 4.49% over 25 years

$191,760Down payment (20.0%)
$767,040Loan before insurance
$0CMHC premium
$4,665Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,241
Property tax
$424
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,665

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

One-time closing costs

Ontario land transfer tax
$15,651
Toronto municipal land transfer tax
$15,651
Estimated closing costs
$31,302

Plus your down payment of $191,760. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,133/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

$505,289Total interest paid
$1,272,329Total of all payments
Principal $767,040 Interest $505,289
YearPrincipalInterestBalance
1$17,117$33,776$749,923
2$17,894$32,999$732,029
3$18,707$32,186$713,322
4$19,556$31,337$693,766
5$20,444$30,449$673,322
6$21,372$29,521$651,950
7$22,343$28,551$629,607
8$23,357$27,536$606,250
9$24,418$26,476$581,832
10$25,526$25,367$556,306
11$26,685$24,208$529,621
12$27,897$22,996$501,724
13$29,163$21,730$472,561
14$30,488$20,406$442,073
15$31,872$19,021$410,201
16$33,319$17,574$376,882
17$34,832$16,061$342,050
18$36,413$14,480$305,637
19$38,067$12,827$267,570
20$39,795$11,098$227,775
21$41,602$9,291$186,174
22$43,491$7,402$142,683
23$45,465$5,428$97,217
24$47,530$3,363$49,688
25$49,688$1,205$0

At the end of your 5-year term

Total paid over the term
$254,466
Principal paid down
$93,718
Interest paid
$160,748
Balance remaining
$673,322

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
Estimate$1,450/mo
$17,400Gross annual rent
0.9%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

1.8%
Gross yield
− Property tax $5,084− Insurance $1,400− Vacancy & upkeep $1,914Net operating income $9,003

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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