26 Caroline Avenue, Toronto, ON

South Riverdale, Toronto · MLS® E13872648

$1,848,000
For Sale
Listed 12 days agoNo offer date stated
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4+1Bedrooms
5Bathrooms
2Parking
1500-2000Sq ft

About this home

In short

  • Welcome to 26 Caroline Ave, where spacious modern living meets Leslieville charm.
  • With more than 2600 sqft of finished space, this light filled home was thoughtfully designed and completely renovated inside & out with care and sophistication.
  • 4+1 bedrooms, 5 washrooms with spa-like master ensuite, souring high ceilings throughout all 4 levels.
  • Move-in ready in-law suites in basement with kitchenette, 2nd laundry & separate entrance offers additional flexibility for family.
  • Roll up garage door at laneway offers privacy and additional security for 2 parking spots.

Welcome to 26 Caroline Ave, where spacious modern living meets Leslieville charm. With more than 2600 sqft of finished space, this light filled home was thoughtfully designed and completely renovated inside & out with care and sophistication. 4+1 bedrooms, 5 washrooms with spa-like master ensuite, souring high ceilings throughout all 4 levels. Move-in ready in-law suites in basement with kitchenette, 2nd laundry & separate entrance offers additional flexibility for family. Roll up garage door at laneway offers privacy and additional security for 2 parking spots.

Key facts

Property type
Townhouse, 3-Storey
MLS®
E13872648
Bedrooms
4+1 (5 total)
Bathrooms
5 (1 half)
Size
1500-2000 sq ft
Lot
16.6 × 105.7 ft
Cross streets
QUEEN ST & CARLAW AVE
Parking
2 parking
Driveway
Lane
Basement
Separate Entrance, Walk-Up
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Aluminum Siding, Stucco (Plaster)
Foundation
Stone
Roof
Asphalt Rolled
Sewer
Sewer
Property tax
$8,609 / 2026
Days on market
12
Listing brokerage
CHESTNUT PARK REAL ESTATE LIMITED

Rooms

Bedroom 4Third3.00 × 3.40 m

b/i closet · hardwood floor · picture window

KitchenMain4.80 × 3.40 m

centre island · b/i appliances · overlooks backyard

Dining RoomMain3.50 × 4.80 m

hardwood floor · open concept · pot lights

Bedroom 3Second3.10 × 4.80 m

b/i closet · hardwood floor · picture window

BedroomBasement2.80 × 3.00 m

window · hardwood floor · pot lights

Living RoomMain3.90 × 4.80 m

fireplace · overlooks frontyard · pot lights

Bedroom 2Second3.20 × 4.80 m

b/i closet · 3 pc ensuite · picture window

Primary BedroomThird3.20 × 4.80 m

b/i closet · 4 pc ensuite · b/i desk

RecreationBasement5.40 × 3.10 m

combined w/kitchen · hardwood floor · stainless steel appl

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is Bruce Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Neighbourhood & location

South Riverdale, 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.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Cabbagetown-South St. James Town
$1.55M
Playter Estates-Danforth
$1.35M
Palmerston-Little Italy
$1.30M
Victoria Village
$848K
Clairlea-Birchmount
$925K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

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 Bruce Public School
68%
Bruce Public SchoolPublic · Elementary · 0.2 km awayBelow the GTA average · 68% meet the provincial standard
Danforth Collegiate and Technical InstituteEQAO results not published
Also nearby: 12 more schools within 2.5 km
Morse Street Junior Public School · Public elementary0.5 km · 76% at standard
Leslieville Junior Public School · Public elementary0.9 km · 62% at standard
Riverdale Collegiate Institute · Public secondary1.1 km · 86% at standard
Dundas Junior Public School · Public elementary1.2 km · 59% at standard
Duke of Connaught Junior and Senior Public School · Public elementary1.2 km · 71% at standard
Queen Alexandra Middle School · Public elementary1.2 km · 71% at standard
SEED Alternative School · Public secondary1.3 km
Pape Avenue Junior Public School · Public elementary1.3 km · 90% at standard
Eastdale Collegiate Institute · Public secondary1.3 km
Blake Street Junior Public School · Public elementary1.4 km · 75% at standard
East Alternative School of Toronto · Public elementary1.4 km
Equinox Holistic Alternative School · Public elementary1.7 km · 83% at standard

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

Affordability & Mortgage

Affordability
$8,423/mo
$347KIncome needed
5.3×Price ÷ income
$1,944Weekly cost
$66,870Land 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.

92%mortgage
Mortgage $8,423Property tax $717Total carry $9,140

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8,174per month

Mortgage amount $1,478,400 · 4.49% over 25 years

$369,600Down payment (20.0%)
$1,478,400Loan before insurance
$0CMHC premium
$8,892Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,174
Property tax
$717
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8,892

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

One-time closing costs

Ontario land transfer tax
$33,435
Toronto municipal land transfer tax
$33,435
Estimated closing costs
$66,870

Plus your down payment of $369,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$9,894/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

$973,898Total interest paid
$2,452,298Total of all payments
Principal $1,478,400 Interest $973,898
YearPrincipalInterestBalance
1$32,992$65,100$1,445,408
2$34,490$63,602$1,410,919
3$36,056$62,036$1,374,863
4$37,693$60,399$1,337,171
5$39,404$58,688$1,297,767
6$41,193$56,899$1,256,574
7$43,063$55,029$1,213,510
8$45,019$53,073$1,168,492
9$47,063$51,029$1,121,429
10$49,200$48,892$1,072,230
11$51,433$46,659$1,020,796
12$53,769$44,323$967,028
13$56,210$41,882$910,818
14$58,762$39,330$852,055
15$61,430$36,662$790,625
16$64,219$33,873$726,406
17$67,135$30,957$659,271
18$70,183$27,909$589,088
19$73,370$24,722$515,718
20$76,701$21,391$439,016
21$80,184$17,908$358,833
22$83,824$14,267$275,008
23$87,630$10,462$187,378
24$91,609$6,483$95,769
25$95,769$2,323$0

At the end of your 5-year term

Total paid over the term
$490,460
Principal paid down
$180,633
Interest paid
$309,826
Balance remaining
$1,297,767

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$3,150/mo
$37,800Gross annual rent
1.3%Cap rate after taxes and upkeep

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 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.

2.0%
Gross yield
− Property tax $8,609− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $23,633

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.

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