8 Grafton Avenue, Toronto, ON
Roncesvalles, Toronto · MLS® W13169610
About this home
Welcome to 8 Grafton Ave - a fully renovated, turnkey duplex in the heart of trendy Roncesvalles offering exceptional flexibility for investors, end-users, and multi-generational families alike. Renovated back to the studs in 2018, including interior finishes, mechanical systems, and roof, this stylish income-producing property blends modern functionality with strong long-term value in one of Toronto's most sought-after west-end neighbourhoods. Featuring two self-contained suites, each unit offers separate mechanical systems and front-load laundry, creating efficient day-to-day living and simplified property management. The property offers two spacious 4-bedroom, 2-bathroom suites and generates nearly $100,000 in gross annual rental income, making it an exceptional opportunity for investors or owner-occupiers looking to offset their mortgage. One unit is currently vacant, providing immediate flexibility for buyers looking to move in themselves or secure a new tenant at current market rents. The walk-out basement is already roughed in for a kitchen, making conversion to a triplex a straightforward opportunity for those looking to further maximize income potential. The upper-level suite showcases a bright open-concept layout with wide plank flooring, exposed brick accents, striking architectural beam details, and a beautifully updated kitchen complete with stone countertops, stainless steel appliances, custom cabinetry, and a centre island ideal for entertaining. Spacious bedrooms, updated bathrooms, and a private upper deck create a warm and contemporary living space filled with character. Located just moments from Roncesvalles Village, High Park, transit, cafes, restaurants, boutique shopping, and approximately 15 minutes to Toronto's Financial and Entertainment Districts, this is a rare opportunity to own a fully updated duplex with excellent rental appeal in one of Toronto's most vibrant communities.
Key facts
- Property type
- Other, 2 1/2 Storey
- MLS®
- W13169610
- Bedrooms
- 6
- Bathrooms
- 4
- Size
- 2500-3000
- Lot
- 20.92 × 87 ft
- Cross streets
- Queen St. & Roncesvalles Ave.
- Parking
- 0 parking
- Driveway
- None
- Basement
- Walk-Out
- Heating
- Water
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $8,754 / 2025
- Days on market
- 59
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
Hardwood Floor
eat-in kitchen · w/o to yard
hardwood floor · w/o to deck
W/O To Yard
Listed at $1,889,000, and my independent estimate is right in line with comparable homes.
In Roncesvalles lately, sellers get about 104% of asking; homes sell in ~19 days.
Total price vs nearby homes. Fair value about $1.96M, median of 12 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 12 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 $1.66M, a bit lower.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Parkdale Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Queen Street West is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Roncesvalles, so I widened the search to the surrounding area.
Based on 12 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 4 closest active listings nearby.
See all comparable homesThis home lists 32% below the area average of $1,008/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Roncesvalles, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Walker's ParadiseA 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 OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Queen Street West, about 124 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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,511,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,064
- Property tax
- $730
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,794
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,255
- Toronto municipal land transfer tax
- $34,255
- Estimated closing costs
- $68,510
Plus your down payment of $377,800. 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
- $483,859
- Principal paid down
- $192,452
- Interest paid
- $291,408
- Balance remaining
- $1,318,748
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.