188 Frederick Pearson Street, East Gwillimbury, ON

Queensville, East Gwillimbury · MLS® N14086988

$1,320,000
For Sale
Listed 3 days agoNo offer date stated
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5Bedrooms
5Bathrooms
2Garage · 6 parking
2500-3000Sq ft

About this home

In short

  • Classic Storey Home With top floor couch house ,Many Upgrades In Very High Demand, Family Orientated, Quiet Queensville Neighborhood With Lots Of Future Development...
  • Rare 3rd Level Can Huge Bedroom/Study/Office.
  • 5 Bathrooms, 5 Bedrooms, High Ceilings, Huge Open/Bright Living Area & Lots Of Windows.
  • Just a 3-minute walk to the brand-new Queensville Community Centre.
  • A fantastic addition to this growing, vibrant community.

Classic Storey Home With top floor couch house ,Many Upgrades In Very High Demand, Family Orientated, Quiet Queensville Neighborhood With Lots Of Future Development Located Next To Hwy 404. Great For Large Families, Nanny Suite Or Work-At-Homer's. Rare 3rd Level Can Huge Bedroom/Study/Office. 5 Bathrooms, 5 Bedrooms, High Ceilings, Huge Open/Bright Living Area & Lots Of Windows. Just a 3-minute walk to the brand-new Queensville Community Centre! Enjoy exceptional convenience with modern recreational facilities and family-friendly amenities right at your doorstep. A fantastic addition to this growing, vibrant community!

Key facts

Property type
Detached, 2 1/2 Storey
MLS®
N14086988
Bedrooms
5
Bathrooms
5
Size
2500-3000 sq ft
Lot
40 × 88 ft
Cross streets
N. Mount Albert & W. Leslie St
Parking
2 garage · 6 parking (attached)
Basement
Unfinished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete, Concrete Block
Roof
Asphalt Rolled
Sewer
Sewer
Property tax
$6,552 / 2026
Days on market
3
Listing brokerage
HOMELIFE LANDMARK REALTY INC.
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
What sellers nearby are askingCurrently listed nearby in Queensville · asking prices
$1.27Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $448/sqft; this home lists at $480/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.32MThis home1.30M1.29M1.39M1.03M1.35MThis home vs active comparables

Neighbourhood & location

Queensville, East Gwillimbury, 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.

Sharon
$1.54M
Holland Landing
$1.20M
Rural East Gwillimbury
$2.23M
Mt Albert
$1.10M

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

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$6,016/mo
$250KIncome needed
5.3×Price ÷ income
$1,388Weekly cost
$22,875Land transfer tax, one-time (Ontario)
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 $6,016Property tax $546Total carry $6,562

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%
$
%
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)
$5,839per month

Mortgage amount $1,056,000 · 4.49% over 25 years

$264,000Down payment (20.0%)
$1,056,000Loan before insurance
$0CMHC premium
$6,385Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,839
Property tax
$546
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,385

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

One-time closing costs

Ontario land transfer tax
$22,875
Estimated closing costs
$22,875

Plus your down payment of $264,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$7,067/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

$695,642Total interest paid
$1,751,642Total of all payments
Principal $1,056,000 Interest $695,642
YearPrincipalInterestBalance
1$23,565$46,500$1,032,435
2$24,635$45,430$1,007,799
3$25,754$44,312$982,045
4$26,923$43,142$955,122
5$28,146$41,920$926,976
6$29,424$40,642$897,553
7$30,760$39,306$866,793
8$32,156$37,909$834,637
9$33,616$36,449$801,021
10$35,143$34,923$765,878
11$36,738$33,328$729,140
12$38,406$31,659$690,734
13$40,150$29,916$650,584
14$41,973$28,093$608,611
15$43,879$26,187$564,732
16$45,871$24,195$518,861
17$47,954$22,112$470,908
18$50,131$19,935$420,777
19$52,407$17,659$368,370
20$54,787$15,279$313,583
21$57,274$12,792$256,309
22$59,875$10,191$196,434
23$62,593$7,473$133,841
24$65,435$4,631$68,406
25$68,406$1,660$0

At the end of your 5-year term

Total paid over the term
$350,328
Principal paid down
$129,024
Interest paid
$221,305
Balance remaining
$926,976

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$5,250/mo
$63,000Gross annual rent
3.6%Cap rate after taxes and upkeep

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.

4.8%
Gross yield
− Property tax $6,552− Insurance $1,400− Vacancy & upkeep $6,930Net operating income $48,118

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

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