29 Ranwood Drive, Toronto, ON
Humberlea-Pelmo Park W4, Toronto · MLS® W13073846
About this home
In short
- Fully renovated from the studs up, this stunning 2-storey detached home sits on a corner lot in the heart of Humberlea, offering over 2,700 sq ft of liveable space...
- The main floor features beautiful porcelain floors, an open-concept living and dining area with walkout to a spacious back porch, and a modern white kitchen with...
- A striking glass staircase leads to a fully finished in-law suite with its own kitchen (Samsung appliances), 2 bedrooms, 1 bath, and separate entrance - ideal for...
- The primary retreat includes a walk-in closet and a 5-piece bath with his-and-her sinks and soaker tub.
- The pool-sized backyard offers endless potential.
Fully renovated from the studs up, this stunning 2-storey detached home sits on a corner lot in the heart of Humberlea, offering over 2,700 sq ft of liveable space across 3+2 bedrooms and 4+1 baths, with a backyard designed for entertaining. The main floor features beautiful porcelain floors, an open-concept living and dining area with walkout to a spacious back porch, and a modern white kitchen with island and premium Bosch appliances, including a smart wifi-connected fridge. A striking glass staircase leads to a fully finished in-law suite with its own kitchen (Samsung appliances), 2 bedrooms, 1 bath, and separate entrance - ideal for extended family or rental income. Upstairs, every bedroom features its own ensuite. The primary retreat includes a walk-in closet and a 5-piece bath with his-and-her sinks and soaker tub. The pool-sized backyard offers endless potential. No detail was overlooked.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13073846
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 50 × 125 ft
- Cross streets
- Queenslea / Ranwood
- Parking
- 2 parking
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,969 / 2025
- Days on market
- 150
- Listing brokerage
- REAL ESTATE ADVISORS INC.
Rooms
W/O To Yard
walk-in closet(s) · ensuite bath
2 Pc Bath
Closet
closet · semi ensuite
ensuite bath · closet
double sink · soaking tub · 5 pc ensuite
combined w/dining · w/o to porch · porcelain floor
centre island · combined w/dining
Closet
Listed at $1,679,900, about 42% above our estimate of $1.18M (homes like it typically land between $1.11M and $1.24M). A gap this wide is more often a limit of an automated estimate than a fact about the home, so treat the figure as a starting point, not a verdict.
Why $1.18M. The typical detached home sold in Humberlea-Pelmo Park W4 over the past year went for about $1.15M (17 sales). What sets this one apart:
- ▲ Raises it3+2 bedrooms and 5 baths, against 3+1 and 3 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $4,969 a year; the typical home sold here pays about $5,600.
Longer on the market than typical. 150 days on the market, and asking 42% above where comparable closings put it.
Total price vs nearby homes. Fair value about $1.18M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $960/sqft against an area asking average of $636/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.20M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is C R Marchant Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Humberlea-Pelmo Park W4, so I widened the search to the surrounding area.
Based on 13 comparable homes that sold in Humberlea-Pelmo Park W4 over the past two years, from 38 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.89M, which is where my estimate comes from.
Per square foot, these ask about $715/sqft; this home lists at $960/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Humberlea-Pelmo Park W4, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of September 30, 2026); conventional rates run a little higher.
Mortgage amount $1,343,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,431
- Property tax
- $414
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,845
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,073
- Toronto municipal land transfer tax
- $30,073
- Estimated closing costs
- $60,146
Plus your down payment of $335,980. 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
- $445,846
- Principal paid down
- $164,202
- Interest paid
- $281,644
- Balance remaining
- $1,179,718
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 numbersThe last 7 whole-home leases in Humberlea-Pelmo Park W4 signed at a median of $1,900 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,065. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REAL ESTATE ADVISORS INC.. MLS®/PropTx.