223 Riverside Drive, Toronto, ON
High Park-Swansea, Toronto · MLS® W13074108
About this home
Exceptional Riverside Drive Residence. Rarely available 75' by 226' Ravine Lot. Solid Family Home with space to grow into. Gracious Living room centered around a stately open gas fireplace. Dining room with views to the wooded backyard. Mid Century modern eat-in Kitchen with access to the elevated oversized deck - perfect for morning coffee or twilight wine. Convenient powder room and covered access to the double car garage complete the main floor. Four generous bedrooms on the second - primary with a 3 piece ensuite overlooking the ravine. Wonderful potential to develop the loft attic. (Make sure to walk up the stairs and view) Above grade walk out basement to stone patio from the home office/bedroom. Full size recreation/games room - billiards anyone? Separate laundry room plus ample storage in the utility room. Steps to "Lucy Maud Montgomery" Parkette. All the above on a coveted street in Swansea with easy walking access to the Subway, Bloor West Village Shops & Restaurants, The Old Mill and Humber River Trails. 12 minutes to the financial district and minutes to the Martin Goodman Trail Boardwalk siding onto Lake Ontario. Fantastic School Districts. Move in, live and personalize at your leisure.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13074108
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 75.08 × 226 ft
- Cross streets
- Bloor/Riverside
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Water
- A/C
- Wall Unit(s)
- Exterior
- Aluminum Siding, Brick
- Foundation
- Block, Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $18,546 / 2026
- Days on market
- 82
- Listing brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Rooms
w/o to patio · double closet · b/i shelves
stainless steel appl · 2 pc ensuite · w/o to deck
hardwood floor · gas fireplace · crown moulding
Closet
broadloom · french doors
broadloom · overlooks backyard
B/I Shelves
slate flooring · hardwood floor · closet
overlooks frontyard · hardwood floor
closed fireplace · above grade window · broadloom
his and hers closets · overlooks ravine · 3 pc ensuite
wood · east view · overlooks ravine
hardwood floor · his and hers closets · overlooks frontyard
wainscoting · hardwood floor · overlooks ravine
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. 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 fairWorth noting: this home has a walk-out basement — a premium feature (light, usable space, income potential) that comparable-sales math tends to under-price. I will factor it in when I pull your comparables.
On schools, this address is zoned for Humberside 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.
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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 1% below the area average of $1,430/sqft.
81 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
High Park-Swansea, 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
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 23, 2026); conventional rates run a little higher.
Mortgage amount $2,560,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $13,661
- Property tax
- $1,546
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,207
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $66,475
- Toronto municipal land transfer tax
- $68,475
- Estimated closing costs
- $134,950
Plus your down payment of $640,000. 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
- $819,667
- Principal paid down
- $326,017
- Interest paid
- $493,650
- Balance remaining
- $2,233,983
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 ROYAL LEPAGE TERREQUITY REALTY. MLS®/PropTx.