22 Lormar Drive, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13209424
About this home
Fantastic Bungalow In Prime Central Etobicoke Location Just Across From A Park. This exceptional property features: Large Open Concept Living & Dining Room With a Bay Window. Family-Sized Kitchen Combined With a Bright Breakfast Room. Three Spacious Bedrooms With Large Windows And Large Closets. Main bathroom with a Sun Tunnel. Beautiful Basement With a Separate Side Entrance Features a Huge Open Concept Great Room with Large Windows, Kitchen Rough-In And a French Door. Lower level has an Updated 4-Piece Bathroom. *Private Backyard *Super House. The coveted Eatonville neighborhood offers a premier lifestyle defined by its proximity to prestigious golf clubs and top-rated schools. Commuters will appreciate the seamless access to Kipling Station, GO Transit, Pearson Airport and major highways, placing the downtown core and the lakefront just minutes away. This vibrant location boasts incredible walkability, with boutique shops, gourmet groceries, and local dining right at your doorstep. For those who love the outdoors, nearby parks and scenic trails provide the perfect escape without sacrificing urban convenience. Note: some rooms are virtually staged.
Key facts
- Property type
- Semi-Detached, Bungalow
- MLS®
- W13209424
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 32 × 113 ft
- Cross streets
- Burnhamthorpe / East Mall
- Parking
- 3 garage (none)
- Basement
- Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,404 / 2025
- Days on market
- 50
- Listing brokerage
- FORESTWOOD REAL ESTATE INC.
Rooms
combined w/kitchen · large window · walk-out
hardwood floor · large window · large closet
family size kitchen · ceramic floor · large window
hardwood floor · large window · overlooks backyard
hardwood floor · large window · overlooks garden
hardwood floor · open concept · bay window
hardwood floor · open concept · combined w/living
open concept · pot lights · french doors
Listed at $949,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Islington-City Centre West, so I widened the search to the surrounding area.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $852K, 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, listed at $800K
- Adjusts to $800K
That comparable adjusts to $800K; the $870K estimate above is the median of all 6 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. The East Mall at Valhalla Inn Rd is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $870K, median of 6 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.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Lifestyle
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 8% below the area average of $796/sqft.
46 days longer than the Toronto average (4 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.
Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: The East Mall at Valhalla Inn Rd, about 188 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 17, 2026); conventional rates run a little higher.
Mortgage amount $759,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,051
- Property tax
- $367
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,418
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,455
- Toronto municipal land transfer tax
- $15,455
- Estimated closing costs
- $30,910
Plus your down payment of $189,800. 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
- $243,082
- Principal paid down
- $96,684
- Interest paid
- $146,398
- Balance remaining
- $662,516
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 FORESTWOOD REAL ESTATE INC.. MLS®/PropTx.