5 Paula Boulevard, Toronto, ON
Alderwood, Toronto · MLS® W12977298
About this home
A meticulously designed, custom-built executive home offering expansive living space, upscale finishes, and outstanding functionality in the highly sought-after Etobicoke Centre neighborhood. This impressive residence blends striking architectural design with refined elegance and everyday comfort. From its beautiful brick and stone exterior to its thoughtfully curated interiors, every detail showcases superior craftsmanship and attention to detail. The main floor features a bright, open-concept layout, highlighted by a stylish fireplace with custom built-ins that seamlessly connects the living and dining areas-creating a warm and inviting focal point. Rich hardwood flooring and soaring 9-foot ceilings add to the home's sense of space and sophistication. The chef-inspired kitchen perfectly balances style and practicality, complete with granite countertops, built-in stainless steel appliances, and abundant custom cabinetry. With five generously sized bedrooms-each with its own private ensuite and a total of six bathrooms, this home is designed to provide both comfort and privacy for the entire family. The second level offers four spacious bedrooms with ample storage and flexibility for a growing family. The primary suite serves as a luxurious retreat, thoughtfully designed for relaxation. A conveniently located second-floor laundry room adds everyday ease and functionality. The fully finished lower level extends the living space with 8-foot ceilings, a walk-out Bsmt, R/I Kitchen, one Br a full 3-piece bathroom, and endless possibilities for entertaining, recreation, or accommodating extended family. Step outside to a private, beautifully landscaped backyard, perfect for relaxing & hosting guests. The serene garden setting and patio create a peaceful, low-maintenance outdoor oasis. Ideally located just steps from top-rated schools, parks, a swimming pool, skating rink, public transit, shopping, and restaurants, this home offers an exceptional lifestyle.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12977298
- Bedrooms
- 6 (5 + 1)
- Bathrooms
- 6 (1 half)
- Size
- 3000-3500
- Lot
- 45.33 × 129.14 ft
- Cross streets
- Evans/ Lanor
- Parking
- 1 garage · 4 parking (attached)
- Driveway
- Available
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,881 / 2025
- Days on market
- 99
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
open concept · crown moulding
hardwood floor · 4 pc ensuite
w/o to patio · built-in speakers · crown moulding
laminate · pot lights
eat-in kitchen · centre island · w/o to patio
hardwood floor · 4 pc ensuite
hardwood floor · natural finish
6 pc ensuite · his and hers closets
hardwood floor · b/i shelves · closet
laminate · pot lights
hardwood floor · 4 pc ensuite
Listed at $2,499,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Alderwood, so I widened the search to the surrounding area.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.31M, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $3.60M
- Bedrooms +$30K
- Adjusts to $3.63M
That comparable adjusts to $3.63M; the $2.26M estimate above is the median of all 13 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. Evans Ave at TreeView Dr is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $2.26M, median of 13 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Weigh carefully
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 12% below the area average of $873/sqft.
98 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: Evans Ave at TreeView Dr, about 259 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 $1,999,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,668
- Property tax
- $907
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,575
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,950
- Toronto municipal land transfer tax
- $48,950
- Estimated closing costs
- $97,900
Plus your down payment of $499,800. 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
- $640,108
- Principal paid down
- $254,599
- Interest paid
- $385,510
- Balance remaining
- $1,744,601
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 RE/MAX WEST REALTY INC.. MLS®/PropTx.