281 Queensdale Avenue, Toronto, ON

Danforth Village-East York, Toronto · MLS® E14025036

$2,199,000
For Sale
Listed 6 days agoNo offer date stated
4+1Bedrooms
5Bathrooms
1Garage · 2 parking
2000-2500Sq ft

About this home

In short

  • Not All New Builds Are Created Equal.
  • Welcome To 281 Queensdale Avenue, A Brand-New Legal Duplex In The Heart Of East York, Thoughtfully Crafted By A Reputable Builder With An Emphasis On Quality, Comfort...
  • Of Living Space, 4+1 Bedrooms And 5 Bathrooms, This Exceptional Home Combines Modern Luxury With The Flexibility Of An Income-Producing Property.
  • Ceilings On The Main Floor, 9-Ft.
  • Additional Highlights Include Engineered Hardwood Floors, An Integrated Smart Home System, Built-In Speakers, A Built-In Wine Cellar, Central Vacuum, Ring Security...

Not All New Builds Are Created Equal! Welcome To 281 Queensdale Avenue, A Brand-New Legal Duplex In The Heart Of East York, Thoughtfully Crafted By A Reputable Builder With An Emphasis On Quality, Comfort And Long-Term Value. Offering Over 2,500 Sq. Ft. Of Living Space, 4+1 Bedrooms And 5 Bathrooms, This Exceptional Home Combines Modern Luxury With The Flexibility Of An Income-Producing Property. Soaring 14-Ft. And 10-Ft. Ceilings On The Main Floor, 9-Ft. Ceilings Upstairs And 10-Ft. Ceilings In The Basement Create An Airy, Expansive Feel. At The Heart Of The Home Is A Stunning Modern Kitchen Featuring Sleek Cabinetry, Elegant Quartz Countertops, Top-Of-The-Line Smart Stainless Steel Appliances And A Separate Secondary Dirty Kitchen For Added Convenience And Effortless Entertaining. Upstairs, Generously Sized Bedrooms Feature Custom-Built Closets, While The Expansive Primary Retreat Offers A Luxurious Space To Unwind. Convenient Second-Floor Laundry Makes Everyday Living Easy. Additional Highlights Include Engineered Hardwood Floors, An Integrated Smart Home System, Built-In Speakers, A Built-In Wine Cellar, Central Vacuum, Ring Security Camera And Video Doorbell. The Legal Basement Unit Features Its Own Separate Side Entrance And Dedicated Laundry, Ideal For Rental Income Or Multi-Generational Living. Beyond The Beautiful Finishes Is Exceptional Construction Quality, Featuring Reinforced Poured-Concrete Foundation Walls And Footings, Spray-Foam Insulation In The Attic, Basement And Garage Ceiling, Plus Two Separate HVAC Systems Including A Heat Pump. Built With City Permits And An Occupancy Permit Issued, The Property Also Offers 7 Years Of Tarion Warranty Coverage And Potential HST Rebate Eligibility For Qualifying Buyers. Ideally Located Minutes From Top Schools, Parks, Shopping, Transit And Everyday Conveniences. A Rare Opportunity To Own A Brand-New Legal Duplex Offering Luxury, Superior Craftsmanship, Peace Of Mind And Exceptional Income Potential!

Key facts

Property type
Detached, 2-Storey
MLS®
E14025036
Bedrooms
4+1 (5 total)
Bathrooms
5 (1 half)
Size
2000-2500 sq ft
Lot
25 × 100 ft
Cross streets
Woodbine and Danforth
Parking
1 garage · 2 parking (built-in)
Driveway
Private
Basement
Apartment, Finished with Walk-Out, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Stucco (Plaster), Brick
Foundation
Poured Concrete
Roof
Flat, Shingles
Sewer
Sewer
Property tax
$4,585 / 2025
Days on market
6
Listing brokerage
REMAX YOUR COMMUNITY REALTY

Rooms

Family RoomMain5.19 × 4.41 m

hardwood floor · fireplace · w/o to deck

Bedroom 2Second2.66 × 3.43 m

hardwood floor · pot lights · 3 pc ensuite

Living RoomBasement4.91 × 7.07 m

vinyl floor · combined w/kitchen · pot lights

KitchenBasement4.91 × 7.07 m

side door · combined w/living · pot lights

Dining RoomMain5.35 × 3.27 m

hardwood floor · built-in speakers · pot lights

BedroomBasement2.50 × 4.00 m

pot lights · closet · vinyl floor

Bedroom 3Second2.64 × 4.37 m

pot lights · hardwood floor · closet organizers

Living RoomMain5.35 × 3.94 m

hardwood floor · pot lights · built-in speakers

Bedroom 4Second2.68 × 4.37 m

hardwood floor · pot lights · closet organizers

Furnace RoomBasement1.78 × 3.44 m

Tile Floor

Primary BedroomSecond3.70 × 6.57 m

built-in speakers · 5 pc ensuite · balcony

KitchenMain5.19 × 5.31 m

hardwood floor · centre island · modern kitchen

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 R H McGregor Elementary 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

Danforth Village-East York, 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.

Woodbine-Lumsden
$949K
Leaside
$2.15M
Wexford-Maryvale
$849K
Banbury-Don Mills
$5.50M
Dovercourt-Wallace Emerson-Junction
$1.25M

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 R H McGregor Elementary School
68%
R H McGregor Elementary SchoolPublic · Elementary · 0.7 km awayBelow the GTA average · 68% meet the provincial standard
East York Alternative Secondary SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Earl Beatty Junior and Senior Public School · Public elementary0.4 km · 87% at standard
Gledhill Junior Public School · Public elementary0.8 km · 76% at standard
East York Alternative Secondary School · Public secondary0.8 km
D A Morrison Middle School · Public elementary0.9 km · 79% at standard
Earl Haig Public School · Public elementary0.9 km · 62% at standard
East York Collegiate Institute · Public secondary0.9 km · 64% at standard
Canadian Martyrs Catholic School · Catholic elementary1.0 km · 75% at standard
Parkside Elementary School · Public elementary1.1 km · 75% at standard
Monarch Park Collegiate Institute · Public secondary1.2 km · 79% at standard
Diefenbaker Elementary School · Public elementary1.2 km · 68% at standard
Greenwood Secondary School · Public secondary1.3 km · 17% at standard
School of Life Experience · Public secondary1.3 km

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

Affordability & Mortgage

Affordability
$10,022/mo
$394KIncome needed
5.6×Price ÷ income
$2,313Weekly cost
$82,900Land 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.

96%mortgage
Mortgage $10,022Property tax $382Total carry $10,404

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

years
years (your rate-locked period)
$9,727per month

Mortgage amount $1,759,200 · 4.49% over 25 years

$439,800Down payment (20.0%)
$1,759,200Loan before insurance
$0CMHC premium
$10,109Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$9,727
Property tax
$382
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$10,109

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

One-time closing costs

Ontario land transfer tax
$41,450
Toronto municipal land transfer tax
$41,450
Estimated closing costs
$82,900

Plus your down payment of $439,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$11,773/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

$1,158,876Total interest paid
$2,918,076Total of all payments
Principal $1,759,200 Interest $1,158,876
YearPrincipalInterestBalance
1$39,258$77,465$1,719,942
2$41,040$75,683$1,678,902
3$42,904$73,819$1,635,998
4$44,852$71,871$1,591,146
5$46,888$69,835$1,544,258
6$49,017$67,706$1,495,241
7$51,243$65,480$1,443,999
8$53,569$63,154$1,390,429
9$56,002$60,722$1,334,428
10$58,544$58,179$1,275,884
11$61,202$55,521$1,214,681
12$63,981$52,742$1,150,700
13$66,886$49,837$1,083,814
14$69,923$46,800$1,013,891
15$73,098$43,625$940,793
16$76,417$40,306$864,376
17$79,886$36,837$784,490
18$83,514$33,209$700,976
19$87,305$29,418$613,670
20$91,269$25,454$522,401
21$95,413$21,310$426,987
22$99,746$16,977$327,242
23$104,274$12,449$222,967
24$109,009$7,714$113,958
25$113,958$2,765$0

At the end of your 5-year term

Total paid over the term
$583,615
Principal paid down
$214,942
Interest paid
$368,673
Balance remaining
$1,544,258

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$4,200/mo
$50,400Gross annual rent
1.8%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.

2.3%
Gross yield
− Property tax $4,585− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $38,871

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

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