#1 - lower-61 Chelsea Avenue, Toronto, ON
High Park North, Toronto · MLS® W13215590
About this home
Welcome to this well-designed 1 bedroom basement apartment at 61 Chelsea Ave, offering a smart layout with no wasted square footage and an impressive amount of storage throughout. The functional floor plan maximizes every inch, creating a comfortable and efficient living space that feels open and practical.Located in desirable High Park North, this apartment offers excellent access to everyday convenience and some of Toronto's best neighbourhood amenities. You're just minutes from High Park, the Dundas West subway station, the UP Express, and the vibrant Roncesvalles Village, where you'll find top coffee shops, restaurants, and local boutiques. The nearby St. Clair West and surrounding west-end corridors also add to the strong lifestyle appeal.Ideal for a tenant seeking a thoughtfully laid-out home in a great location, this apartment combines comfort, storage, and convenience in one of the city's most connected and sought-after neighbourhoods.
Key facts
- Property type
- Other, 3-Storey
- MLS®
- W13215590
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 1500-2000
- Lot
- 19.33 × 126 ft
- Cross streets
- Dundas St W and Bloor St W
- Parking
- 1 garage (detached)
- Driveway
- Lane
- Basement
- Apartment
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 54
- Listing brokerage
- ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Rooms
combined w/dining · window · closet
stainless steel appl · window
closet · window
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent leases and give you a straight answer on what it will really take.
Ask Moe if this price is fairOn schools, this address is zoned for Humberside Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
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.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 2 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
High Park North, Toronto, ON
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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 $1,279 · 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 $320. 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
- $410
- Principal paid down
- $163
- Interest paid
- $247
- Balance remaining
- $1,116
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 ROYAL LEPAGE TERREQUITY BESPOKE REALTY. MLS®/PropTx.