32 Green Lanes, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13424922
About this home
Spacious 2.5-storey home, a perfect blend of classic charm and modern versatility. This home offers an expansive layout with five bedrooms above grade, plus a fully equipped three-bedroom basement apartment with a separate walk-up entrance, ideal setup for an in-law suite or rental income. Main floor features an inviting open-concept design, perfect for entertaining. Modern island kitchen w/walk-out to backyard. Large primary bedroom complete with a 4-piece ensuite, walk-in closets, and a private balcony. Third level offers two additional bedrooms with cathedral ceilings and skylights, providing lots of natural light. Practicality meets comfort with upper-level laundry, central air, and a private driveway with ample private parking for six vehicles. Prime location, short walk to Islington Subway Station, steps to Bloor St. This property offers a rare combination of space, income potential, and an unbeatable lifestyle location. Don't miss the opportunity to make this versatile home your own.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- W13424922
- Bedrooms
- 8 (5 + 3)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500
- Lot
- 33.33 × 120 ft
- Cross streets
- Islington/Bloor
- Parking
- 1 garage · 7 parking (detached)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,481 / 2025
- Days on market
- 43
- Listing brokerage
- SUTTON GROUP REALTY SYSTEMS INC.
Rooms
cathedral ceiling(s) · skylight
l-shaped room · spiral stairs
closet · pot lights
overlooks dining · stainless steel appl
electric fireplace · open concept
closet · pot lights
w/o to deck · open concept · combined w/kitchen
cathedral ceiling(s) · skylight
4 pc ensuite · walk-in closet(s) · w/o to balcony
Listed at $1,799,900, and my independent estimate is tracking about 22% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal.
In Islington-City Centre West lately, sellers get about 99% of asking; homes sell in ~25 days.
Total price vs nearby homes. Fair value about $2.30M, median of 62 comparables.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 62 most comparable recent sales 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 sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.72M, lower than the comparables and worth a second look.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (Etobicoke Collegiate Institute) 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
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 62 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 29% below the area average of $1,127/sqft.
42 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.
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 $1,439,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,684
- Property tax
- $623
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,307
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,473
- Toronto municipal land transfer tax
- $32,473
- Estimated closing costs
- $64,946
Plus your down payment of $359,980. 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
- $461,037
- Principal paid down
- $183,374
- Interest paid
- $277,663
- Balance remaining
- $1,256,546
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 SUTTON GROUP REALTY SYSTEMS INC.. MLS®/PropTx.