40 Wortham Drive, Toronto, ON
Woburn, Toronto · MLS® E13856194
About this home
In short
- Behind this classic brick bungalow is a home with far more space-and far more potential-than you might expect.
- 40 Wortham Drive offers three bedrooms, one washroom on the main floor, an additional bedroom and washroom downstairs, making the layout ideal for growing families...
- The main level is bright and welcoming, with hardwood floors, a spacious living and dining area, an eat-in kitchen and direct access from the primary bedroom to the...
- While the property begins with approximately 40 feet of frontage, the pie-shaped lot widens significantly toward the rear, creating an impressively large, private...
Behind this classic brick bungalow is a home with far more space-and far more potential-than you might expect. 40 Wortham Drive offers three bedrooms, one washroom on the main floor, an additional bedroom and washroom downstairs, making the layout ideal for growing families, multigenerational living or anyone who needs flexible space. The main level is bright and welcoming, with hardwood floors, a spacious living and dining area, an eat-in kitchen and direct access from the primary bedroom to the backyard deck. Downstairs, the finished lower level provides even more room to spread out. With a separate side entrance and a full bathroom already in place, there is exciting potential to create a secondary suite or private living area, subject to the appropriate approvals. The backyard is the unexpected showstopper. While the property begins with approximately 40 feet of frontage, the pie-shaped lot widens significantly toward the rear, creating an impressively large, private yard shaded by mature trees. There is plenty of space for children, pets, gardens, entertaining or simply enjoying a quiet afternoon outdoors. Complete with an attached one-car garage and a well-cared-for interior, this is a solid home with great bones, a versatile layout and the kind of backyard that is becoming increasingly difficult to find in the city.
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- E13856194
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 40 × 106 ft
- Cross streets
- Markham & Lawrence
- Parking
- 1 garage · 3 parking (attached)
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $3,477 / 2026
- Days on market
- 17
- Listing brokerage
- Coldwell Banker Electric Realty
Rooms
Combined w/Dining
Combined w/Living
Listed at $875,000. Going by how homes in Woburn and the wider GTA have actually closed against their asking prices (about 99%, 38 local closings in 90 days), the likely sale price is near $869K, if it sells. A realistic range is $814K to $980K.
Independent value check: $790K. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $741K and $828K).
Why $790K. The typical detached home sold in Woburn over the past year went for about $876K (151 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $3,477 a year; the typical home sold here pays about $4,200.
Total price vs nearby homes. Likely closing about $869K, from 38 recent closings in this pocket.
The market behind the math:
About 0.5 months of inventory: 6 detached homes for sale in the area against 38 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $673/sqft against an area asking average of $776/sqft.
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 38 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $697K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Cedarbrae Collegiate Institute. 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 ($673/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 38 comparable homes that sold in Woburn over the past two years, from 305 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $790K, which is where my estimate comes from.
Per square foot, these ask about $808/sqft; this home lists at $673/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Woburn: $860K in September 2026, up 2% from a year ago, on 142 closings in 11 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 | $828K | 16 |
| November 2025 | $869K | 18 |
| December 2025 | $901K | 9 |
| February 2026 | $839K | 11 |
| March 2026 | $878K | 10 |
| April 2026 | $838K | 12 |
| May 2026 | $840K | 15 |
| June 2026 | $834K | 12 |
| July 2026 | $895K | 11 |
| August 2026 | $890K | 16 |
| September 2026 | $860K | 12 |
Neighbourhood & location
Woburn, 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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $700,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,870
- Property tax
- $290
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,160
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,975
- Toronto municipal land transfer tax
- $13,975
- Estimated closing costs
- $27,950
Plus your down payment of $175,000. 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
- $232,225
- Principal paid down
- $85,527
- Interest paid
- $146,698
- Balance remaining
- $614,473
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 numbersThe last 47 whole-home leases in Woburn signed at a median of $2,927 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,131. 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 Coldwell Banker Electric Realty. MLS®/PropTx.