38 Wilmar Road, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13112454
About this home
A beautiful, meticulously maintained custom-built luxury residence with elegant finishes and thoughtfully designed living spaces throughout. Featuring 9-foot ceilings on all levels, including the renovated basement (2016), this home seamlessly blends timeless traditional design with modern comfort. The main level showcases a stunning custom traditional style kitchen complete with granite countertops, stone backsplash, triple sink with garburator, and a large breakfast area perfect for family living and dining. Multiple fireplaces throughout the home (gas and electric) create warmth and sophistication across principal rooms. Upstairs, retreat to the expansive master bedroom featuring a luxurious spa-inspired ensuite complete with a jet tub, bidet and lenthy walk-in closet spacious for both him and her. The second floor also offers the convenience of a dedicated laundry room, fitted with a large sink and drainage, designed for practical everyday living. The professionally finished basement is ideal for extended family or entertaining, featuring radiant heated floors, a dull secondary kitchen with stainless steel appliances and granite countertops, an elegant marble fireplace with a feature wall, a luxurious wine cellar fitted with a sink, and a beautifully finished marble-floor 3-piece bathroom. Direct walk-out access leads seamlessly to the backyard oasis. Additional features continue to impress with a double car garage offering additional loft storage space, remote and smartphone-enabled garage door openers, sprinkler systems, a gas BBQ unit, large backyard shed with loft storage, and a private outdoor setting perfect for relaxing or entertaining.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13112454
- Bedrooms
- 5
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 50 × 149 ft
- Cross streets
- BLOOR STW/ DUNDAS DT W/ KIPLING AVE
- Parking
- 2 garage · 10 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,791 / 2025
- Days on market
- 74
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
combined w/kitchen · walk-out · gas fireplace
hardwood floor · closet
hardwood floor · double closet · east view
porcelain floor · 3 pc bath · above grade window
hardwood floor · large window
granite counters · stainless steel appl · centre island
bar sink · stainless steel appl · granite counters
hardwood floor · gas fireplace · large window
4 pc ensuite · hardwood floor · double closet
ceramic backsplash · ceramic floor · laundry sink
bay window · combined w/kitchen · w/o to yard
4 pc ensuite · hardwood floor · double closet
hardwood floor · combined w/dining · open concept
6 pc ensuite · w/o to balcony · walk-in closet(s)
Listed at $2,688,800, and my independent estimate is within the range of comparable homes, on the lower side.
In Islington-City Centre West lately, sellers get about 100% of asking; homes sell in ~20 days.
Total price vs nearby homes. Fair value about $3.23M, median of 17 comparables.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 17 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $2.47M, lower than the comparables and worth a second look.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 17 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 23% below the area average of $821/sqft.
73 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, 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 24, 2026); conventional rates run a little higher.
Mortgage amount $2,151,040 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,479
- Property tax
- $899
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,378
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $53,695
- Toronto municipal land transfer tax
- $53,695
- Estimated closing costs
- $107,390
Plus your down payment of $537,760. 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
- $688,725
- Principal paid down
- $273,935
- Interest paid
- $414,789
- Balance remaining
- $1,877,105
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 ULTIMATE REALTY INC.. MLS®/PropTx.