Lower Level-54 Delemere Avenue, Toronto, ON

Rockcliffe-Smythe, Toronto · MLS® W13247668

$1,800/mo
For Lease
Listed 47 days ago
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2Bedrooms
1Bathrooms
2Parking
700-1100Sq Ft

About this home

Looking for a place that's actually comfortable to live in? A huge, cozy, Fully Furnished 1-Bedroom + den - perfect for students or a young couple with small child. This bright, oversized lower-level unit gives you tons of space to spread out, study, work, chill, and entertain - without feeling cramped. This move-in ready unit has a massive bedroom, big living area with room for two desks, Luxury 3-piece bathroom with a spa-style shower, private ensuite laundry, Separate entrance for privacy plus a Backyard deck/patio with table & chairs - perfect for hanging out. Rent includes Heat, A/C, and use of landlord's internet + complimentary Netflix. Two car Parking available (fits two medium cars). One Parking spot included, with the 2nd parking spot at $100 extra. Use of the backyard included. Tenants pays a portion of the Electricity and Water charges. Rockcliffe-Smythe is an underrated, gem neighbourhood that is quiet, friendly, and full of green space, but still super connected with transit That Actually Works ! Hop on the TTC and get to the UP Express, GO Train, Eglinton LRT, or Runneymede Station subway in under 20 minutes. Fast, easy, reliable options whether you're heading to class, downtown, or across the city. So Much to Do Nearby ! Walk to Smythe Park with its splash pad and outdoor pool. Explore the nearby trails or bike along the Humber River. Close to golf courses and huge green spaces. And minutes from the Stockyards Shopping District [St. Clair West], and The Junction [Dundas West] both packed with: Grocery stores, Supercentres, Cafés, bakeries, takeout spots, Trendy restaurants & Local brewery and hangouts. Shops for everything you need. Love where you live !!

Key facts

Property type
Detached, Bungalow
MLS®
W13247668
Bedrooms
2 (1 + 1)
Bathrooms
1
Size
700-1100
Lot
30 × 115 ft
Cross streets
Scarlett & St Clair Ave W
Parking
2 parking
Driveway
Private
Basement
Apartment, Separate Entrance
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Unknown
Roof
Asphalt Shingle
Sewer
Sewer
Days on market
47
Listing brokerage
SPECTRUM REALTY SERVICES INC.

Rooms

DenLower3.23 × 5.87 m

combined w/primary · pot lights

Dining RoomLower4.78 × 5.83 m

pot lights · laundry sink · combined w/living

KitchenLower3.15 × 2.90 m

tile floor · double sink

Primary BedroomLower3.23 × 5.87 m

combined w/den · pot lights

Living RoomLower4.78 × 5.83 m

pot lights · tile floor · combined w/dining

Moe’s TakeTeam Asgarian · Broker
Below comparables
$2,391/moest. value

Listed at $1,800/mo, this rental is about 25% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.

In Rockcliffe-Smythe lately, landlords have been getting about 98% of asking and homes lease in about 25 days.

There were not many closely comparable homes right in Rockcliffe-Smythe, so I widened the search to the surrounding area.

Based on 60 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 60 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. 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, leased for $2,700/mo
  • Bedrooms −$150/mo
  • Adjusts to $2,550/mo

That comparable adjusts to $2,550/mo; the $2,391/mo estimate above is the median of all 60 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.

The assigned public school is Lambton Park Community School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

List price
$1,800/moBelow market$3,000/moAbove market

Total price vs nearby homes. Fair value about $2,391/mo, median of 60 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
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Comparable listingsCurrently listed nearby · asking prices
$1,880avg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

BSMT-7 Gilroy Drive$1,850Lower-25 Chandler Drive$1,85014 Beacon Road$1,600lower level-3 Tyrone Avenue$2,00041 Deerhurst Avenue$2,100

The 5 closest of 8 active listings nearby.

See all comparable homes
1,800This home1,8501,8501,6002,0002,100This home vs active comparables
Live market pulseActive comparables in Rockcliffe-Smythe · median list $2K
10active listings nearby
47days on market
72leased nearby · 90 days
$3Kmedian leased price
98%of asking, on average

46 days longer than the Toronto average (1 days).

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Rockcliffe-Smythe, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Briar Hill-Belgravia
$3K
Dovercourt-Wallace Emerson-Junction
$2K
Downsview-Roding-CFB
$3K
Willowdale West
$11K
Tam O'Shanter-Sullivan
$2K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Lambton Park Community School
52%
Lambton Park Community SchoolPublic · Elementary · 0.4 km awayBelow the GTA average · 52% meet the provincial standard

Affordability & Mortgage

Affordability
$8/mo
$4KIncome needed
0.4×Price ÷ income
$2Weekly cost
20% down4.79%25-yr amortization

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.

88%mortgage
Mortgage $8Property tax $1Total carry $9

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8per month

Mortgage amount $1,440 · 4.14% over 25 years

$360Down payment (20.0%)
$1,440Loan before insurance
$0CMHC premium
$9Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8
Property tax
$1
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9
Toronto municipal land transfer tax
$9
Estimated closing costs
$18

Plus your down payment of $360. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$9/monthPayment at the qualifying rate

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

$865Total interest paid
$2,305Total of all payments
Principal $1,440 Interest $865
YearPrincipalInterestBalance
1$34$58$1,406
2$35$57$1,371
3$37$56$1,335
4$38$54$1,296
5$40$52$1,257
6$41$51$1,215
7$43$49$1,172
8$45$47$1,127
9$47$45$1,080
10$49$43$1,032
11$51$41$981
12$53$39$928
13$55$37$873
14$57$35$815
15$60$32$755
16$62$30$693
17$65$27$628
18$68$25$560
19$71$22$490
20$73$19$416
21$77$16$340
22$80$12$260
23$83$9$177
24$87$6$90
25$90$2$0

At the end of your 5-year term

Total paid over the term
$461
Principal paid down
$183
Interest paid
$278
Balance remaining
$1,257

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.

Let's connect

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SPECTRUM REALTY SERVICES INC.. MLS®/PropTx.

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