334 Rimilton Avenue, Toronto, ON
Alderwood, Toronto · MLS® W12926282
About this home
Welcome to 334 Rimilton Ave, situated in the sought-after Alderwood community of South Etobicoke. Rare opportunity to own a home that has been lovingly cared for by the same family for over 50 yrs-solid bones, a fantastic lot (approx. 41 x 101x 47 ft.), & exceptional future potential.Whether you are an end user looking to create your dream home, or an investor or developer seeking your next project, this property delivers. As a family home it's a little gem needing some TLC. Unique 3-bd home, originally built in the 1960s, features a functional layout with 2.5 baths. Bright eat-in kitchen is positioned between the dining rm & the spacious family rm addition, creating a natural flow for everyday living. The family rm (approx. 300 sq. ft.) offers a cozy gas fireplace & w/o to the b/yard deck-perfect for entertaining or relaxing. The primary bd includes his & hers closets & o/looks the private backyard. Hardwood & ceramic flooring, complemented by large windows, fill the space with natural light & a neutral décor that provides a perfect canvas for your personal touch. Fully fenced yard features a patio & deck, while the charming front porch & landscaped frontage add to the home's curb appeal. From an investment perspective, this property presents incredible redevelopment potential. Attached report highlights opportunities for expansion, garden suite, or multi-unit configurations such as duplex, triplex, or fourplex conversions (buyer to verify). Location... steps or minutes to; shops, restaurants, parks, schools, easy access to Sherway Gardens, Marie Curtis Park, Humber College Lakeshore Campus & Queensway Health Centre. Commuters will appreciate nearby TTC bus, along with convenient access to both Long Branch & Mimico GO Stations for seamless travel into downtown Toronto. Or minutes to Toronto Pearson International Airport. Whether you renovate, rebuild, or reimagine, the possibilities here are extensive.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12926282
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- Lot
- 40.92 × 101.9 ft
- Cross streets
- HORNER AVE & THIRTIETH ST
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private Double
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,120 / 2025
- Days on market
- 113
- Listing brokerage
- RE/MAX PREMIER INC.
Rooms
ceramic floor · window · open concept
hardwood floor · combined w/dining · window
hardwood floor · combined w/living · window
hardwood floor · his and hers closets · overlooks backyard
ceramic floor · window
hardwood floor · closet · window
ceramic floor · gas fireplace · w/o to deck
hardwood floor · closet · window
ceramic floor · window
ceramic floor · stainless steel appl · overlooks living
Listed at $1,350,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
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 $1.16M, 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 $1.50M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $1.45M
That comparable adjusts to $1.45M; the $1.11M 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 Lanor Junior 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. Horner Ave at Edilou Dr is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $1.11M, 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Lifestyle
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 7% above the area average of $723/sqft.
112 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Alderwood, 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: Horner Ave at Edilou Dr, about 271 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
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 $1,080,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,763
- Property tax
- $427
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,190
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,475
- Toronto municipal land transfer tax
- $23,475
- Estimated closing costs
- $46,950
Plus your down payment of $270,000. 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
- $345,797
- Principal paid down
- $137,538
- Interest paid
- $208,259
- Balance remaining
- $942,462
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 PREMIER INC.. MLS®/PropTx.