115 Ashbourne Drive, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13175834
About this home
Welcome to this versatile, charming, detached bungalow. Ideally positioned on a coveted street surrounded by multimillion-dollar homes.This property offers an extraordinary opportunity to build your dream residence on an expansive 60 by 140-foot lot or enjoy the comfort of a beautifully renovated home.Thoughtfully updated,featuring modern amenities and stylish finishes. It provides a welcoming and move-in-ready option, with a spacious interior designed for contemporary living.For those interested in maximizing the property's potential, the basement includes a separate entrance, allowing the possibility of creating a distinct apartment or in-law suite.Step outside and discover a true backyard oasis. The highlight of the exterior is an impressive concrete 18x36 inground pool, providing both elegance and a touch of luxury to your outdoor living experience. The lush, mature trees that surround the space create a serene, private retreat, ideal for relaxation or entertaining guests.Enjoy the versatility of two distinct outdoor patios, each offering a unique setting for dining, lounging, or simply soaking in the tranquil ambiance. Whether you're envisioning a grand renovation or dreaming of a new build, this property provides the perfect canvas for creating your ideal home.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13175834
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 60 × 140 ft
- Cross streets
- Burhamthorpe & Kipling
- Parking
- 1 garage · 7 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $6,138 / 2025
- Days on market
- 57
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Rooms
Overlooks Backyard
pot lights · fireplace
Listed at $1,499,000, this home is about 21% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Islington-City Centre West lately, sellers have been getting about 100% of asking and homes sell in about 19 days.
Based on 44 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 44 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.33M, a close match.
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, sold for $1.01M
- Bathrooms +$20K
- Adjusts to $1.03M
That comparable adjusts to $1.03M; the $1.24M estimate above is the median of all 44 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $1.24M, 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.
- 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
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 9% above the area average of $1,055/sqft.
56 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
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 $1,199,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,399
- Property tax
- $512
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,911
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,455
- Toronto municipal land transfer tax
- $26,455
- Estimated closing costs
- $52,910
Plus your down payment of $299,800. 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
- $383,963
- Principal paid down
- $152,718
- Interest paid
- $231,244
- Balance remaining
- $1,046,482
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 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 KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.