216 Shaver Avenue, Toronto, ON
Islington-City Centre West, Toronto · MLS® W12905868
About this home
This premium corner lot offers a rare, shovel-ready opportunity to build a sophisticated custom residence in the heart of one of Etobicoke's most prestigious neighborhoods. Boasting an impressive 50-foot frontage and a depth of 142.41 feet, this property comes with fully approved permits, allowing you to bypass years of architectural red tape and avoid the lengthy wait times associated with city approvals. You can break ground immediately on this two-storey masterpiece, which begins with a striking open-to-above foyer. The main floor is designed with separate living, dining, and family rooms, providing a perfect balance of formal elegance and daily comfort. At the heart of the home is a chef-inspired kitchen featuring a massive center island, a dedicated large pantry, and a sun-filled breakfast area that flows directly onto a private verandah.Upstairs, the residence transforms into a true sanctuary. The expansive primary suite is a masterclass in luxury, boasting a private bonus sitting area, a sprawling walk-in closet, and a spa-like ensuite. Every family member enjoys total privacy, as each of the three additional generous bedrooms on the second floor comes equipped with its own dedicated ensuite bathroom. The lower level adds immense functional scale, featuring a total of two full bathrooms, a large recreation zone, a dedicated exercise room, and a fifth bedroom with its own ensuite. Rare dual access via a backyard walk-up entrance and internal stairs provides seamless potential for an in-law suite or private home office.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W12905868
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 700-1100
- Lot
- 50 × 142.41 ft
- Cross streets
- Burnhamthorpe/Martin Grove
- Parking
- 2 parking
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,452 / 2025
- Days on market
- 119
- Listing brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Listed at $1,688,800, this home is about 19% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.44M, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.40M
- Bathrooms +$15K
- Adjusts to $1.41M
That comparable adjusts to $1.41M; the $1.41M estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Bloorlea Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Burnhamthorpe Rd at Shaver Ave North West Side is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $1.41M, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Corner lot: more light and frontage, sometimes at the cost of privacy.
- Worth verifying
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 24% above the area average of $1,516/sqft.
118 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Burnhamthorpe Rd at Shaver Ave North West Side, about 77 m away
Within a 15-minute (1.5 km) walk.
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.
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 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,351,040 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,210
- Property tax
- $454
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,664
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,251
- Toronto municipal land transfer tax
- $30,251
- Estimated closing costs
- $60,502
Plus your down payment of $337,760. 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
- $432,579
- Principal paid down
- $172,055
- Interest paid
- $260,524
- Balance remaining
- $1,178,985
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REAL ESTATE CENTRE INC.. MLS®/PropTx.