15A Schell Avenue, Toronto, ON
Briar Hill-Belgravia, Toronto · MLS® W12845328
About this home
In short
- In a market where detached options at this level are increasingly scarce, this home delivers what matters most: sunlight, parking, and functional family space without...
- Set on a 20.33 x 135 ft lot with a south-facing rear yard, it offers over 2,000 sq ft of total living space across three well-defined levels.
- A large-scale renovation in 2021 upgraded the kitchen and key interior finishes, centering the space around a substantial island ideal for the home chef and equally...
- Upstairs, three well-proportioned bedrooms include a primary suite with a dedicated ensuite bathroom and a walk-in closet.
- Built in 1986 and upgraded where it counts, with four-car parking and side yard access, this is a measured entry into long-term detached ownership - well suited to...
In a market where detached options at this level are increasingly scarce, this home delivers what matters most: sunlight, parking, and functional family space without compromise. Set on a 20.33 x 135 ft lot with a south-facing rear yard, it offers over 2,000 sq ft of total living space across three well-defined levels. The main floor unfolds with intention. A large-scale renovation in 2021 upgraded the kitchen and key interior finishes, centering the space around a substantial island ideal for the home chef and equally suited to gathering. It opens seamlessly into the rear family room with walk-out to the garden, while the separate living and dining room allows flexibility for daily life and larger occasions alike. Upstairs, three well-proportioned bedrooms include a primary suite with a dedicated ensuite bathroom and a walk-in closet. The additional bedrooms are served by a hall bathroom of their own, a meaningful distinction in this segment. A skylight above the upper landing introduces natural light that can be felt upon entry, drawing sunlight down the staircase and into the interior throughout the day. The finished lower level provides further versatility with a recreation room, four-piece bathroom, laundry, and direct garage access. Built in 1986 and upgraded where it counts, with four-car parking and side yard access, this is a measured entry into long-term detached ownership - well suited to the next chapter.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12845328
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1500-2000 sq ft
- Lot
- 20.33 × 135.16 ft
- Cross streets
- Dufferin & Eglinton
- Parking
- 1 garage · 4 parking (built-in)
- Driveway
- Private, Private Double, Tandem
- Basement
- Partially Finished, Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete, Wood
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,535 / 2025
- Days on market
- 193
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
hardwood floor · french doors · combined w/living
tile floor · casement windows · clerestory
hardwood floor · large window · overlooks frontyard
Listed at $1,629,900 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.53M, typically $1.31M to $1.66M. Comparable closings on their own put this home around $1.30M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
A price cut is the likelier next move. 193 days on the market against about 30 for homes like it here, and asking 6% above where comparable closings put it. That is leverage for a buyer: offer with it in mind rather than waiting for the cut, since a reduction brings new eyes with it.
Second read, from the city assessment: $1.41M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.53M, median of 31 comparables.
The market behind the math:
About 3 months of inventory: 12 detached homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $931/sqft against an area asking average of $1,222/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 31 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.41M, a close match.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Fairbank Memorial Community 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
There were not many closely comparable homes right in Briar Hill-Belgravia, so I widened the search to the surrounding area.
Based on 31 comparable homes that sold in Briar Hill-Belgravia over the past two years, from 91 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 $1.30M, which is where my estimate comes from.
Per square foot, these ask about $957/sqft; this home lists at $931/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Briar Hill-Belgravia, 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $1,303,920 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,030
- Property tax
- $461
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,491
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,073
- Toronto municipal land transfer tax
- $29,073
- Estimated closing costs
- $58,146
Plus your down payment of $325,980. 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
- $421,775
- Principal paid down
- $164,108
- Interest paid
- $257,666
- Balance remaining
- $1,139,812
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
The suite is real income here: basements rent in Briar Hill-Belgravia (21 of 82 recent detached leases were basement units, around $1,600 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,600 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 7 whole-home leases in Briar Hill-Belgravia signed at a median of $3,227 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,856. 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 SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.