204 Derrydown Road, Toronto, ON
York University Heights, Toronto · MLS® W12929926
About this home
ATTENTION INVESTORS!! Welcome to This One Of A Kind Investment Property that cannot missed out!!! Big cash flow from day one, and huge value-add potential - a true find in the high-demand and stable Toronto area markets. Property Highlights: 5+4 bedrooms. Fully renovated basement (2024) with 2 full bathrooms, laundry, furnace room & washer/dryer (2025, new coin-operated machine in basement. The additional washer and dryer for the main floor are disconnected and kept in the garage, which will be left for the new owners.* 4 full bathrooms with handheld bidets, all renovated in 2024* High-end luxury vinyl flooring & stairs throughout (carpet-free)* 4 fridges, 1 Whirlpool top cook, 2 Whirlpool low-profile microwave. All purchased 2024* Smart garage door opener w/ camera (2025)* Outside pot lights at side entrances (2025)* All rooms come furnished with beds, desks, chairs, shelves, and closet space.* Smoke alarms in every bedroom, fully interlinked (by-law compliant)* 2 emergency exit signs in the basement with battery backup* Metal roof (2023) with gutter & leaf guard* New Interlocking backyard (July 2025, 2-year warranty) with artificial turf: ready space for gazebo/shed or 3 legal garden suites (new Toronto zoning = extra lots of $$$ rental income!)* New asphalt driveway with interlocking in the front driveway is completed in July 2025, backed by a 2-year warranty.* You can also remove the wall from room#4 & #5 for additional living and great room on the main floor.* Basement kitchen has a quartz countertop* Recently installed a wooden fence in the backyard (2025)* Water softener installed. *2 min walk to NEW Finch West Zero-Emission Light Rail Transit to open this Summer with 16 stations connecting Humber College and the Finch West TTC Subway station. - Minutes to York University & Seneca College.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W12929926
- Bedrooms
- 9 (5 + 4)
- Bathrooms
- 4
- Size
- 1100-1500
- Lot
- 50 × 120 ft
- Cross streets
- Finch/Sentinel
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Metal
- Sewer
- Sewer
- Property tax
- $4,292 / 2025
- Days on market
- 117
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
Listed at $1,499,999, this home is tracking about 28% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run 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 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.00M, a bit lower.
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 $1.18M
- Bedrooms +$134K
- Bathrooms +$17K
- Adjusts to $1.33M
That comparable adjusts to $1.33M; the $1.17M estimate above is the median of all 8 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 Lamberton Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $1.17M, median of 8 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. Value driver
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city. Worth verifying
116 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
York University Heights, 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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,199,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,404
- Property tax
- $358
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,761
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,475
- Toronto municipal land transfer tax
- $26,475
- Estimated closing costs
- $52,950
Plus your down payment of $300,000. 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
- $384,218
- Principal paid down
- $152,820
- Interest paid
- $231,398
- Balance remaining
- $1,047,179
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.