227 Earlscourt Avenue, Toronto, ON
Caledonia-Fairbank, Toronto · MLS® W13234510
About this home
Fantastic newer-built detached home (2008) in one of Toronto's most vibrant community's. Steps to Corso Italia! This well-maintained property offers 3 spacious bedrooms and 2.5 bathrooms, designed for modern living. Bright and inviting with east/west exposure, the home features two skylights that flood the interior with natural light, creating a warm and airy atmosphere throughout. The functional open concept layout includes generous principal rooms and a well-appointed kitchen ideal for everyday living and entertaining.9 feet ceiling height on main and second floors. Granite counters in family size kitchen with walk out to the yard. Oak stairs and banister. Hardwood floors. Linen closet and lots of storage. The fully finished basement apartment (7 ft 4 inch height) with separate entrance provides the possibility of potential income or flexible multi-generational living. Enjoy the convenience of parking-a bonus in this sought-after urban location. Enjoy the enclosed porch (1.95 M X 4.25M). Gated yard with 2 sheds. 200 AMP electrical service. Please note that as per the Seller the property next door (229 Earlscourt Ave) is not a commercial property and used as residential. This is confirmed by the zoning description on GeoWarehouse. Laneway Suite a possibility, Lanescape report attached. Situated steps to shops, cafes, transit, and all amenities along St. Clair Avenue West, this is a rare opportunity to own a newer home in a highly desirable neighbourhood. Ideal for end-users and investors alike-don't miss this opportunity!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13234510
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- Lot
- 18 × 128 ft
- Cross streets
- Dufferin St. / Rogers Rd
- Parking
- 2 parking
- Driveway
- Lane
- Basement
- Apartment, Separate Entrance, Full, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,613 / 2025
- Days on market
- 49
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
laminate · open concept
Ceramic Floor
hardwood floor · closet · window
ceramic floor · window · open concept
laminate · window
ceramic floor · pot lights · open concept
hardwood floor · closet · skylight
hardwood floor · closet · window
ceramic floor · eat-in kitchen · w/o to yard
laminate · closet
Listed at $1,064,900, this home is about 24% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Caledonia-Fairbank lately, sellers have been getting about 99% of asking and homes sell in about 22 days.
There were not many closely comparable homes right in Caledonia-Fairbank, so I widened the search to the surrounding area.
Based on 65 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 65 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.41M, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $1.08M
- Bathrooms −$20K
- Adjusts to $1.06M
That comparable adjusts to $1.06M; the $1.40M estimate above is the median of all 65 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.
The assigned public school is Oakwood Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $1.40M, median of 65 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
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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 23% below the area average of $796/sqft.
48 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Caledonia-Fairbank, 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 $851,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,546
- Property tax
- $551
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,097
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,773
- Toronto municipal land transfer tax
- $17,773
- Estimated closing costs
- $35,546
Plus your down payment of $212,980. 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
- $272,770
- Principal paid down
- $108,492
- Interest paid
- $164,277
- Balance remaining
- $743,428
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 RE/MAX ULTIMATE REALTY INC.. MLS®/PropTx.