61 Dane Avenue, Toronto, ON
Yorkdale-Glen Park, Toronto · MLS® W13254624
About this home
Welcome to 61 Dane Avenue, a custom-built transitional-style residence offering approximately 7,360 sq. ft. of finished living space, including a fully finished lower level. Situated on a 60 x 125 ft. lot, this home features 5+4 bedrooms and 6 bathrooms with a functional layout designed for multi-generational living and entertaining. The main level offers a spacious kitchen with a large center island, adjoining dining, living and family rooms with approximately 11-foot ceilings, a main-floor office, and a 3-piece bathroom. Natural light fills the home through six skylights, while large-plank hardwood flooring, a floating staircase with glass railings, a gas fireplace, and numerous pot lights contribute to the home's contemporary design. The finished lower level features a separate entrance and walkout to the rear yard, four additional bedrooms, a second kitchen, and a large recreation area, offering flexible living arrangements. The private backyard and generous lot size provide ample outdoor space. Conveniently located near shopping, public transit, schools, parks, and major transportation routes, including Lawrence West Subway Station, Allen Road, and Yorkdale Shopping Centre. As per Seller, the lower level is currently generating approximately $8,000 per month in rental income.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13254624
- Bedrooms
- 9 (5 + 4)
- Bathrooms
- 5
- Size
- 5,000 sq ft
- Lot
- 60 × 125 ft
- Cross streets
- Lawrence/East of Dufferin
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private Double
- Basement
- Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- None
- Property tax
- $15,014 / 2025
- Days on market
- 47
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
hardwood floor · walk-in closet(s) · 4 pc ensuite
hardwood floor · 3 pc ensuite
hardwood floor · open concept · overlooks family
hardwood floor · 5 pc ensuite · walk-in closet(s)
hardwood floor · overlooks frontyard · led lighting
porcelain floor · walk-out
Hardwood Floor
Hardwood Floor
hardwood floor · centre island · led lighting
hardwood floor · pot lights
hardwood floor · formal rm · pot lights
hardwood floor · open concept · walk-out
Listed at $3,900,000, this home is about 34% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($780/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Yorkdale-Glen Park, so I widened the search to the surrounding area.
Based on 5 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 5 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $3.27M, 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, sold for $3.45M
- Adjusts to $3.45M
That comparable adjusts to $3.45M; the $2.92M estimate above is the median of all 5 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 John Polanyi 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 $2.92M, median of 5 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
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
This home lists 16% below the area average of $932/sqft.
46 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
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 23, 2026); conventional rates run a little higher.
Mortgage amount $3,120,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,649
- Property tax
- $1,251
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $17,901
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $83,975
- Toronto municipal land transfer tax
- $92,975
- Estimated closing costs
- $176,950
Plus your down payment of $780,000. 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
- $998,969
- Principal paid down
- $397,333
- Interest paid
- $601,636
- Balance remaining
- $2,722,667
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 ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.