101-291 Scarlett Road, Toronto, ON
Rockcliffe-Smythe, Toronto · MLS® W13158066
About this home
Fully renovated, spacious one-bedroom suite in the vibrant and trendy Rockcliffe-Smyth neighbourhood. Features stylish contemporary finishes and a bright, open-concept layout. The modern kitchen is completely updated with new stainless steel appliances, a built-in dishwasher and microwave, subway tile backsplash, and plenty of cabinet space. The open living and dining area includes a storage closet, laminate flooring, and large above-grade windows that bring in ample natural light. The primary bedroom offers a generous closet and sliding doors, maximizing usable space. Enjoy a beautifully updated four-piece bathroom with brand-new finishes throughout. Tenant is responsible for hydro. On-site parking is available for $40 per month, and a coin-operated laundry is conveniently located in the building. Ideally situated close to the Humber River in an unbeatable location. *** The legal rental price is $1, 658.16/month. A 2% discount is available for timely rent payments, reducing the monthly rent to the advertised rate of $1, 625/month.
Key facts
- Property type
- Detached, 3-Storey
- MLS®
- W13158066
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700 sq ft
- Cross streets
- Scarlett Rd & East Dr
- Parking
- 0 parking
- Driveway
- None
- Basement
- None
- Heating
- Radiant
- A/C
- None
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Days on market
- 61
- Listing brokerage
- HOMELIFE FRONTIER REALTY INC.
Rooms
Listed at $1,625/mo, this rental is right in line with comparable rentals. The number above is my independent estimate of value, not the asking price.
In Rockcliffe-Smythe lately, landlords have been getting about 98% of asking and homes lease in about 30 days.
There were not many closely comparable homes right in Rockcliffe-Smythe, so I widened the search to the surrounding area.
Based on 44 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 44 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. 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, leased for $2,400/mo
- Bedrooms −$150/mo
- Adjusts to $2,250/mo
That comparable adjusts to $2,250/mo; the $1,530/mo estimate above is the median of all 44 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
The assigned public school is Roselands Public 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. East Drive is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $1,530/mo, median of 44 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Open-concept layout: modern, sought-after flow.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing.
- Value driver
- Lifestyle
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homes60 days longer than the Toronto average (1 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Rockcliffe-Smythe, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: East Drive, about 200 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $1,300 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7
- Property tax
- $1
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8
- Toronto municipal land transfer tax
- $8
- Estimated closing costs
- $16
Plus your down payment of $325. 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
- $416
- Principal paid down
- $166
- Interest paid
- $251
- Balance remaining
- $1,134
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE FRONTIER REALTY INC.. MLS®/PropTx.