121R Fermanagh Avenue, Toronto, ON
Roncesvalles, Toronto · MLS® W13228472
About this home
A century in the making, this The High Park Garage freehold loft conversion unlike anything else on the market. Rooted in the heart of Roncesvalles Village, one of Toronto's most spirited and walkable neighbourhoods. This rarely offered complex is one of only 4 units, each converted from a celebrated early 20th-century commercial garage with an unwavering commitment to preserving its industrial soul. Step into 121R, and its intentions become clear at once. A striking brick facade gives way to an interior where exposed original floor beams trace the ceiling overhead, and heated concrete floors meet your feet with quiet, grounded warmth. The open-concept main floor feels both expansive and comforting. With soaring 12-ft ceilings, a sleek bar, and a generous kitchen outfitted for a chef, this home strikes the balance between everyday ease and effortless entertaining. Natural light pours through with generosity, flooding the family room and spilling down through the multiple skylights. Enjoy a private courtyard where al-fresco dining evokes the charm of a European evening, right in the middle of city. The 2nd floor offers a spacious bedroom with a den (currently used as a walk-in closet), a 4pc bathroom and a private deck. The space continues into a bright, open-concept study graced with wall-to-wall closets. Approved plans to add additional square footage to the second floor and/or reconfigure the space are available. A breathtaking private terrace perched among the trees takes over the 3rd floor, an instant entertaining destination in summer, or simply your own elevated escape. Steps from Roncesvalles' beloved shops, cafés, and top-rated restaurants. With seamless TTC or Metrolinx access, the location is considered as important as the architecture. High Park, Sorauren Park and the scenic Lakeshore trails offer endless room to explore. To step inside is to feel the pull of a space that has already lived many lives and invites you to be a part of its next one.
Key facts
- Property type
- Semi-Detached, 3-Storey
- MLS®
- W13228472
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 2000-2500
- Lot
- 22.8 × 63.78 ft
- Cross streets
- Roncesvalles Avenue & High Park Blvd.
- Parking
- 1 garage (carport)
- Driveway
- Lane
- Basement
- None
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $11,372 / 2026
- Days on market
- 45
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Rooms
concrete floor · w/w closet · skylight
concrete floor · open concept · b/i bar
closet · open concept · window
concrete floor · stainless steel appl · centre island
concrete floor · 4 pc ensuite · w/o to balcony
concrete floor · w/o to garage · skylight
concrete floor · large window · open concept
hardwood floor · skylight · w/o to terrace
Listed at $2,695,000, this home is tracking about 32% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 40 similar homes nearby, adjusted for size, beds, and baths.Median of 40 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.33M, a bit higher.
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 $1.80M
- Size difference +$459K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $2.21M
That comparable adjusts to $2.21M; the $2.04M estimate above is the median of all 40 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 (Fern Avenue Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Roncesvalles Ave at Fermanagh Ave is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.04M, median of 40 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 33% above the area average of $901/sqft.
41 days longer than the Toronto average (4 days).
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
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Roncesvalles Ave at Fermanagh Ave, about 49 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 17, 2026); conventional rates run a little higher.
Mortgage amount $2,156,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,505
- Property tax
- $948
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,453
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $53,850
- Toronto municipal land transfer tax
- $53,850
- Estimated closing costs
- $107,700
Plus your down payment of $539,000. 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
- $690,313
- Principal paid down
- $274,567
- Interest paid
- $415,746
- Balance remaining
- $1,881,433
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 ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM. MLS®/PropTx.