8 Waterfield Drive, Toronto, ON
Bendale, Toronto · MLS® E14090258
About this home
In short
- ((( 2nd Dwelling Unit - LEGAL Basement Apartment ))).
- Premium Ravine Lot On A Family Friendly Cul De Sac.
- Fabulous Unobstructed Ravine Views From The Living Room And Master Picture Windows.
- Cathedral Ceiling In The Spectacular Living Room W/Walkout To Yard.
- A Major Highlight Is The Freshly Finished Legal 1-Bedroom Basement Apartment ( Second Dwelling Unit) With Separate Walkout Entrance, Full Kitchen, 4-Piece Washroom...
((( **** 2nd Dwelling Unit - LEGAL Basement Apartment ****))). Premium Ravine Lot On A Family Friendly Cul De Sac. Backs onto one of the best preserved ravines. Tall Hedges surrounds property. Fabulous Unobstructed Ravine Views From The Living Room And Master Picture Windows.Cathedral Ceiling In The Spectacular Living Room W/Walkout To Yard. Enhanced By Brand New Flooring Throughout, Upgraded Kitchen Is Equipped With Stainless Steel Appliances. A Major Highlight Is The Freshly Finished Legal 1-Bedroom Basement Apartment (**** Second Dwelling Unit) With Separate Walkout Entrance, Full Kitchen, 4-Piece Washroom, And Separate Laundry-An Excellent Opportunity For Extended Family Or Additional Rental Income. 200 AMP electrical service & wiring for an EV charger. Extensive Stonework, front walkway, two Flagstone patios & around west side of house+as stepping stones to gate. Wall of doors opens to 20 X 15 Cedar deck.
Key facts
- Property type
- Detached, Sidesplit 4
- MLS®
- E14090258
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 74.5 × 109.75 ft
- Cross streets
- Ellesmere/Brimley
- Parking
- 2 garage · 5 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Half
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,992 / 2025
- Days on market
- 2
- Listing brokerage
- CENTURY 21 PARAMOUNT REALTY INC.
Rooms
ensuite bath · walk-in closet(s) · mirrored closet
4 pc bath · double sink · marble counter
vaulted ceiling(s) · stone fireplace · crown moulding
hardwood floor · pot lights · crown moulding
pot lights · combined w/game
combined w/living · w/o to deck · pot lights
bow window · b/i dishwasher · porcelain floor
hardwood floor · pot lights · crown moulding
vaulted ceiling(s) · combined w/kitchen · porcelain floor
hardwood floor · mirrored closet
hardwood floor · pot lights · wood stove
hardwood floor · combined w/sitting · b/i closet
Listed at $1,249,900. Going by how homes in Bendale and the wider GTA have actually closed against their asking prices (about 98%, 25 local closings in 90 days), the likely sale price is near $1.22M, if it sells. A realistic range is $1.14M to $1.37M.
Independent value check: $1.03M. Without looking at the asking price, our model values the home itself about 18% below the ask (homes like it typically land between $963K and $1.08M).
Why $1.03M. The typical detached home sold in Bendale over the past year went for about $890K (104 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $4,992 a year; the typical home sold here pays about $4,200.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it2 garage and 5 total parking spaces, against 1 and 4 typically.
- ▲ Raises itIt is 1,500 to 2,000 sq ft; the typical home sold here is 1,100 to 1,500.
Total price vs nearby homes. Likely closing about $1.22M, from 25 recent closings in this pocket.
The market behind the math:
About 3.1 months of inventory: 26 detached homes for sale in the area against 25 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $714/sqft against an area asking average of $755/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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 25 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $986K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Edgewood 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 ($714/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Bendale, so I widened the search to the surrounding area.
Based on 25 comparable homes that sold in Bendale over the past two years, from 202 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing 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 $1.03M, which is where my estimate comes from.
Per square foot, these ask about $635/sqft; this home lists at $714/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Bendale: $866K in September 2026, down 9% from a year ago, on 104 closings in 12 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 | $965K | 7 |
| November 2025 | $975K | 13 |
| December 2025 | $938K | 6 |
| January 2026 | $870K | 7 |
| February 2026 | $879K | 10 |
| March 2026 | $841K | 6 |
| April 2026 | $900K | 8 |
| May 2026 | $890K | 13 |
| June 2026 | $874K | 10 |
| July 2026 | $950K | 7 |
| August 2026 | $835K | 6 |
| September 2026 | $866K | 11 |
Neighbourhood & location
Bendale, 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 $999,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,529
- Property tax
- $416
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,945
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,473
- Toronto municipal land transfer tax
- $21,473
- Estimated closing costs
- $42,946
Plus your down payment of $249,980. 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
- $331,724
- Principal paid down
- $122,172
- Interest paid
- $209,552
- Balance remaining
- $877,748
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 17 whole-home leases in Bendale signed at a median of $2,944 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,453. 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 PARAMOUNT REALTY INC.. MLS®/PropTx.