54 Rabbit Lane, Toronto, ON
Eringate-Centennial-West Deane, Toronto · MLS® W13049434
About this home
RARELY AVAILABLE LEGAL 5-PLEX IN CENTRAL ETOBICOKE LOCATION IN SOUGHT AFTER NEIGBOURHOOD. 5-2 BEDROOM APARTMENTS, 1 BACHELOR APARTMENT. INCLUDES 7 DESIGNATED OUTDOOR SURFACE PARKING SPOTS, 4 BALCONIES, DESIGNATED LOCKER LOCATED IN LAUNDRY ROOM. RECENT UPDATES: ROOF (2020), BALCONY RAILINGS (2017), WINDOWS (2005). BUILDING IS CLOSE TO AMENITIES: PUBLIC TRANSIT, HWY 427, HWY 401 & QEW. GUARANTEED RENT FOR 3 YEARS.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- W13049434
- Bedrooms
- 11 (8 + 3)
- Bathrooms
- 6
- Size
- 5,000 sq ft
- Lot
- 66.83 × 120.66 ft
- Cross streets
- East Mall / Rathburn
- Parking
- 7 parking
- Driveway
- Private
- Basement
- Apartment
- Heating
- Water
- A/C
- None
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $6,023 / 2025
- Days on market
- 81
- Listing brokerage
- RE/MAX REALTY ENTERPRISES INC.
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairIts public catchment (John G Althouse Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. The East Mall at West Deane Park Dr is about a 1-minute walk away.
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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
This home lists 37% below the area average of $767/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Eringate-Centennial-West Deane, 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: The East Mall at West Deane Park Dr, about 46 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 $1,919,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,242
- Property tax
- $502
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,743
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $46,450
- Toronto municipal land transfer tax
- $46,450
- Estimated closing costs
- $92,900
Plus your down payment of $479,800. 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
- $614,494
- Principal paid down
- $244,411
- Interest paid
- $370,083
- Balance remaining
- $1,674,789
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 REALTY ENTERPRISES INC.. MLS®/PropTx.