520 Prince Edward Drive, Toronto, ON
Kingsway South, Toronto · MLS® W12962378
About this home
Welcome to Kingsway South, where location, space, and family living come together. Ideally situated directly across from Lambton-Kingsway School, this spacious detached 2-storey home offers approximately 2,350 sq. ft. above grade plus a finished basement. Generous principal rooms, hardwood floors, a main-floor bedroom with walk-out to the deck, and a flexible layout designed for everyday family life, this home offers exceptional comfort and versatility. The finished basement with separate entrance, second kitchen, and additional bedrooms provides valuable space for extended family, guests, or growing household needs. A rare opportunity for families to secure a substantial home in a top school district and make it their own. Steps from Lambton-Kingsway Park, pool, skating rink, tennis courts, and the scenic Humber River trails, Home Smith Park, shops, cafés, and restaurants of The Kingsway, plus convenient access to TTC and the subway.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12962378
- Bedrooms
- 7 (4 + 3)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 25 × 150 ft
- Cross streets
- N Of Bloor; S Of Dundas
- Parking
- 1 parking
- Driveway
- Private, Front Yard Parking
- Basement
- Apartment, Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Radiant
- A/C
- Window Unit(s)
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,141 / 2025
- Days on market
- 102
- Listing brokerage
- CRESCENT REAL ESTATE INC.
Rooms
hardwood floor · walk-in closet(s)
hardwood floor · w/o to deck
3 pc bath · tile floor
5 pc ensuite · balcony
Hardwood Floor
combined w/kitchen · open concept · tile floor
Window
hardwood floor · double closet
ceramic floor · double sink · stainless steel appl
combined w/living · eat-in kitchen · b/i dishwasher
closet · window
hardwood floor · bay window
ceramic floor · window
Window
Listed at $1,950,000, this home is tracking about 28% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. 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 18 similar homes nearby, adjusted for size, beds, and baths.Median of 18 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.77M, lower than the comparables and worth a second look.
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 $2.00M
- Bedrooms +$90K
- Bathrooms +$15K
- Adjusts to $2.10M
That comparable adjusts to $2.10M; the $2.70M estimate above is the median of all 18 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.
On schools, this address is zoned for Etobicoke Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, this is a very walkable address with everyday errands close by. Dundas St West at Prince Edward Dr North is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.70M, median of 18 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Income potential
- Value driver
- Weigh carefully
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 26% below the area average of $1,168/sqft.
101 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Kingsway South, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Dundas St West at Prince Edward Dr North, about 242 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 $1,560,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,325
- Property tax
- $595
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,920
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $35,475
- Toronto municipal land transfer tax
- $35,475
- Estimated closing costs
- $70,950
Plus your down payment of $390,000. 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
- $499,484
- Principal paid down
- $198,666
- Interest paid
- $300,818
- Balance remaining
- $1,361,334
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 CRESCENT REAL ESTATE INC.. MLS®/PropTx.