246 ELLINGTON Drive, Toronto, ON
Wexford-Maryvale, Toronto · MLS® E13807336
About this home
Location, location, location. Single level perfection in a coveted neighbourhood, this bungalow offers a blend of timeless charm and effortless single level living. Whether you're looking to generate rental income with the secondary basement apartment, create private in-law suite, or accommodate extended family setup, this property offers ultimate flexibility, privacy and long term financial opportunity. The backyard is a seamless extension of the charm this bungalow offers.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13807336
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 41.05 × 125.13 ft
- Cross streets
- Warden/Lawrence
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,458 / 2026
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
closet · hardwood floor
large window · hardwood floor
pot lights · family size kitchen · ceramic floor
Laminate
Laminate
closet · window · hardwood floor
closet · w/o to deck · hardwood floor
Laminate
Listed at $888,000 with no offer date. Homes here have been closing close to ask, so my read is $885K, typically $843K to $927K. Comparable closings on their own put this home around $832K, which supports the ask, so this is a firm read.
One thing to square: the homes for sale nearby are asking more than this one. My estimate is built on recent closings, and around here sellers have been asking more than buyers end up paying. So this can be the least expensive home on the street and still be priced ahead of where sales actually land.
Total price vs nearby homes. Likely closing about $885K, from 32 recent closings in this pocket.
The market behind the math:
About 0.9 months of inventory: 10 detached homes for sale in the area against 32 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $987/sqft against an area asking average of $1,016/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 2 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 Wexford-Maryvale: 90 of the 284 detached leases here lately were basement units, around $1,800 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. 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 32 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $860K. Condition and finishes remain an in-person call.
Schools & getting aroundcatchment and transit
The assigned public school is Buchanan 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
Priced above comparable homes overall, but the price per square foot ($987/sqft) is in line with the area, so you are paying for extra space rather than a premium.
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 32 comparable homes that sold in Wexford-Maryvale over the past two years, from 254 closings there.
For sale
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 $1,075/sqft; this home lists at $987/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Wexford-Maryvale, 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 4.24% via Ratehub.ca (as of September 18, 2026); conventional rates run a little higher.
Mortgage amount $710,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,889
- Property tax
- $372
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,260
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,235
- Toronto municipal land transfer tax
- $14,235
- Estimated closing costs
- $28,470
Plus your down payment of $177,600. 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
- $233,313
- Principal paid down
- $87,836
- Interest paid
- $145,477
- Balance remaining
- $622,564
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 Wexford-Maryvale (90 of 284 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 54 whole-home leases in Wexford-Maryvale signed at a median of $2,674 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,603. 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 CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.