Wexford-Maryvale · Toronto
1557 Pharmacy
Property detail
A brick bungalow on a 41.7 by 120 foot lot in Wexford-Maryvale. Hardwood through the principal rooms, three bedrooms on the main floor, and a finished lower level with its own side entrance and a walk-out.
- 3+1 Bedroom
- 2 Bath
- 700-1100 Sq ft
- 5 Parking
Your agent
The property
- Basement apartment · potential income
- 41.7 × 120 ft lot
- Detached
- Central Air
- Forced Air
- No maintenance fee
The photographs
The setting
A 41.7 by 120 foot lot
Five parking spaces on the drive, a concrete patio under a pergola at the back, and a set of steps down the side to the lower level.
The main floor
Hardwood through the principal rooms
The living room runs to a picture window at the front, with hardwood carried through.
The principal rooms
Dining, kitchen and three bedrooms
A separate dining room, an eat-in kitchen with dark cabinets along two walls, and three bedrooms all on the main floor.
Room dimensions
- Living RoomMain
- 3.30 × 4.84 m
- BedroomMain
- 3.29 × 3.17 m
- Dining RoomMain
- 3.30 × 2.74 m
- Bedroom 2Main
- 3.29 × 3.41 m
- Bedroom 3Main
- 3.30 × 2.86 m
- KitchenMain
- 3.29 × 3.46 m
- OtherBasement
- 3.16 × 2.67 m
- RecreationBasement
- 3.08 × 6.65 m
- LaundryBasement
- 3.52 × 8.34 m
- OfficeBasement
- 6.71 × 3.41 m
The lower level
Its own entrance, down the side
The lower level is finished and walks out, reached by its own steps at the side of the house rather than through the main floor.
Buyers should confirm any intended second-suite use with the City of Toronto.
The numbers
What it costs to hold
Freehold, so there is no maintenance fee. Property tax is the only fixed monthly carrying cost before a mortgage.
Down payment is the CMHC minimum for an owner-occupied purchase at this price. Figures exclude mortgage costs, land transfer tax and closing costs, and are illustrative rather than financial advice.
The neighbourhood
Wexford-Maryvale from the air
A street of bungalows on wide lots, with mature trees along most of it.
The neighbourhood
Life around Wexford-Maryvale
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.
Moe’s take
A bungalow with its own door down the side to a finished lower level, five parking spaces and a patio under a pergola. It gives a family a second space downstairs without anyone having to share a staircase.
Team Asgarian · RE/MAX Hallmark Realty Ltd.
We are proud to represent this home. Our team handles every detail, the marketing, the staging, and the showings. The best way to feel what makes it special is in person, so book a private showing and I will walk you through it myself.
Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
Highlights
- Separate entrance / basement suite
- Finished basement
The detail
Price history and the 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.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of September 25, 2026); conventional rates run a little higher.
Mortgage amount $716,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,959
- Property tax
- $374
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,333
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,375
- Toronto municipal land transfer tax
- $14,375
- Estimated closing costs
- $28,750
Plus your down payment of $179,000. 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
- $237,533
- Principal paid down
- $87,482
- Interest paid
- $150,051
- Balance remaining
- $628,518
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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.
Come see it
Book a private viewing
Tell us when suits you and we will open the house. If you want the numbers run against your own down payment first, we will do that instead.