51 playfair Avenue, Toronto, ON
Yorkdale-Glen Park, Toronto · MLS® W13222090
About this home
Exceptional Opportunity at 51 Playfair Avenue - Prime Toronto Lot with Endless Potential.Offered for the first time in over 40 years, this well-maintained 3+1 bedroom side-split sits on an outstanding 55 x 120 ft lot in a highly desirable Toronto location, presenting incredible potential for families, investors, renovators, or builders alike.Every room in the home is generously sized, offering a spacious and functional layout designed for comfortable family living. The property also features a high basement with separate entrance and turnkey in-law suite, creating excellent potential for multi-generational living or additional rental income.Set on a premium oversized lot with a private double-wide driveway, fully fenced backyard, paved walkways, and garden shed, this home delivers both immediate livability and long-term redevelopment value.For investors and builders, the lot offers exceptional future potential with the possibility to explore redevelopment opportunities, including custom homes or multi-unit residential use (buyer to verify approvals and zoning).Ideally located directly across from Villa Colombo Toronto, and just minutes to Yorkdale Shopping Centre, Highway 401, transit, parks, and a variety of highly regarded schools.Whether you're looking to move in, renovate, expand, generate income, or build for the future, this is a rare chance to secure a premium property in a rapidly evolving Toronto neighbourhood.Great curb appeal, exceptional lot size, and unmatched upside - opportunities like this are becoming increasingly rare.
Key facts
- Property type
- Detached, Sidesplit 3
- MLS®
- W13222090
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3
- Size
- 1500-2000
- Lot
- 55 × 120 ft
- Cross streets
- Dufferin st and Lawrence Ave
- Parking
- 1 garage · 5 parking (attached)
- Basement
- Finished with Walk-Out, Walk-Up, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete, Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $5,753 / 2025
- Days on market
- 52
- Listing brokerage
- EXP REALTY
Rooms
Hardwood Floor
Broadloom
Hardwood Floor
Ceramic Floor
Broadloom
Broadloom
Ceramic Floor
Hardwood Floor
Listed at $1,390,000, and my independent estimate is right in line with comparable homes.
In Yorkdale-Glen Park lately, sellers get about 98% of asking; homes sell in ~28 days.
Total price vs nearby homes. Fair value about $1.33M, median of 26 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 26 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 $1.21M, a close match.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Joyce Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Yorkdale-Glen Park, so I widened the search to the surrounding area.
Based on 26 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 3 closest active listings nearby.
See all comparable homesThis home lists 24% below the area average of $1,043/sqft.
51 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Yorkdale-Glen Park, 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 24, 2026); conventional rates run a little higher.
Mortgage amount $1,112,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,934
- Property tax
- $479
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,413
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,275
- Toronto municipal land transfer tax
- $24,275
- Estimated closing costs
- $48,550
Plus your down payment of $278,000. 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
- $356,043
- Principal paid down
- $141,613
- Interest paid
- $214,429
- Balance remaining
- $970,387
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 EXP REALTY. MLS®/PropTx.