38 Jellicoe Avenue, Toronto, ON
Alderwood, Toronto · MLS® W13412168
About this home
Family owned triplex on quiet street walking distance to Lakeshore shopping, TTC and GO station. This property has been well maintained and offers an opportunity as an investment or generational residence. Solid brick structure and purpose built with 3 full kitchens, 3 baths, thermopane windows, separately metered electrical services, oversized double garage and plenty of parking. Basement and main floor units have been updated with kitchens featuring quartz countertops and new appliances. Newly renovated baths with new fixtures, vanities and heated mirrors. Freshly painted throughout. Electrical service has 3 meters and new panels (2x100 amp, 1x60 amp). Second floor unit is tenanted on a month to month basis @ $2650 plus hydro. Purchaser to assume tenant. New exterior doors and push button locks. Large rear garden is fully fenced. Positive Carson Durlop inspection report available. MPAC-reported square footage of 2494 sqft refects the main and upper floors and does not include the basement.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- W13412168
- Bedrooms
- 7 (6 + 1)
- Bathrooms
- 3
- Size
- 2000-2500
- Lot
- 50.15 × 120.17 ft
- Cross streets
- Browns Line / Lakeshore / Horner
- Parking
- 2 garage · 7 parking (detached)
- Driveway
- Private Double
- Basement
- Apartment, Full, Separate Entrance, Finished
- Kitchens
- 3 (2 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Rolled
- Sewer
- Sewer
- Property tax
- $6,417 / 2025
- Days on market
- 46
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
hardwood floor · double closet
hardwood floor · double closet · closet
laminate · gas fireplace · above grade window
hardwood floor · closet · above grade window
hardwood floor · w/o to balcony · large window
ceramic floor · eat-in kitchen
ceramic floor · eat-in kitchen · renovated
hardwood floor · closet
hardwood floor · double closet · closet
Laundry Sink
hardwood floor · double closet
hardwood floor · w/o to balcony · large window
hardwood floor · mirrored closet
ceramic floor · eat-in kitchen · renovated
Listed at $1,879,000, and my independent estimate is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA.
In Alderwood lately, sellers get about 99% of asking; homes sell in ~17 days · prices down 15% YoY.
Total price vs nearby homes. Fair value about $2.43M, median of 5 comparables.
How this estimate is builtthe short version
I take the 5 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.73M, lower than the comparables and worth a second look.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Sir Adam Beck Junior School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
This listing did not confirm square footage, so I compared on beds, baths, and location instead of size. Confirm the size to sharpen this.
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 5 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 2 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Alderwood, 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 24, 2026); conventional rates run a little higher.
Mortgage amount $1,503,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,022
- Property tax
- $535
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,556
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,055
- Toronto municipal land transfer tax
- $34,055
- Estimated closing costs
- $68,110
Plus your down payment of $375,800. 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
- $481,298
- Principal paid down
- $191,433
- Interest paid
- $289,865
- Balance remaining
- $1,311,767
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.