53 Burrows Avenue, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13235726
About this home
Welcome to 53 Burrows Ave, a beautifully updated bungalow situated on a rare 65-foot premium lot in one of Etobicoke's most sought-after neighbourhoods.The property sits amongst custom built homes, surrounded by multi-million-dollar residences, offering a rare opportunity for families, investors, and builders alike. The main floor features 3 spacious bedrooms, a bright open-concept layout, new flooring throughout, and an upgraded kitchen with stainless steel appliances, granite countertops, and plenty of cabinet space. The L-shaped living and dining rooms provide a practical, comfortable flow, while large windows bring in an abundance of natural light. Oversize sliding doors open to a large walkout deck overlooking a private, lush backyard with mature trees-perfect for outdoor relaxation, kids, or entertaining. The finished basement offers a separate entrance, 2 large bedrooms, a spacious recreation room, and a full 4-piece bathroom, adding excellent flexibility for extended family, guests, or future income potential. One of the few remaining 65-foot-wide lots in the area, this property stands out for its size, setting, and long-term upside. It offers potential for severance and redevelopment into two single-family homes, subject to city approval. Located on a quiet, family-friendly street with sidewalks on both sides, the home is close to highly regarded schools, a TTC bus stop just a 2-minute walk away, and quick access to the subway. Commuting is easy with nearby access to Highways 401, 427, and 400, as well as The Queensway, Lake Shore Boulevard, and Pearson Airport. Enjoy nearby green space including a creek with walking and cycling trails, and a golf course just across the street. A rare combination of location, lot size, and future potential makes this a standout opportunity in a rapidly changing neighborhood. Properties like this are in high demand and seldom come available-this is one you do not want to miss.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13235726
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 65 × 112.17 ft
- Cross streets
- Kipling & Rathburn
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,123 / 2025
- Days on market
- 44
- Listing brokerage
- Initia Real Estate
Rooms
broadloom · window
vinyl floor · large window · closet
vinyl floor · large window · closet
broadloom · window · large closet
tile floor · stainless steel appl · granite counters
vinyl floor · l-shaped room · w/o to deck
vinyl floor · open concept · large window
broadloom · window · 4 pc ensuite
vinyl floor · large window · closet
Listed at $1,449,000, 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 $1.42M, a bit higher. 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, listed at $1.57M
- Adjusts to $1.57M
That comparable adjusts to $1.57M; the $1.22M 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 (John G Althouse Middle School) 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. Kipling Ave at Bywood Dr is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $1.22M, 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Income potential
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 29% above the area average of $867/sqft.
43 days longer than the Toronto average (1 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: Kipling Ave at Bywood Dr, about 68 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 $1,159,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,186
- Property tax
- $510
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,696
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,455
- Toronto municipal land transfer tax
- $25,455
- Estimated closing costs
- $50,910
Plus your down payment of $289,800. 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
- $371,155
- Principal paid down
- $147,624
- Interest paid
- $223,531
- Balance remaining
- $1,011,576
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 Initia Real Estate. MLS®/PropTx.