49 Learmont Drive, Toronto, ON

Willowridge-Martingrove-Richview, Toronto · MLS® W13456296

$1,299,000
For Sale
Listed 124 days agoNo offer date statedSitting longer than typical
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3+2Bedrooms
2Bathrooms
1Garage · 3 parking
1100-1500Sq ft

About this home

In short

  • Over 2100 Sq Feet Of Indoor Living Space.
  • Beautifully Renovated 3+2 Bdrm Raised Bungalow With Unobstructed Park Views.
  • Lush 113 X 65 Corner Lot Offers Many Opportunities With Outdoor Lounge Space, Dining Space And The Perfect Size Lot For A Pool.
  • Separate Entrance Is Perfect For Rental Income Or In-Law/ Nanny Suite.
  • Close To Tennis Courts, Splash Pad And Park, Walk To Separate, French And High Schools.

Over 2100 Sq Feet Of Indoor Living Space! Beautifully Renovated 3+2 Bdrm Raised Bungalow With Unobstructed Park Views! Lush 113 X 65 Corner Lot Offers Many Opportunities With Outdoor Lounge Space, Dining Space And The Perfect Size Lot For A Pool! Lots Of Windows And Loads Of Sun, Spacious Eat-In Kitchen, Lovely Family Room And Dining Room With Dual Fireplace, 3 Bdrms On Main Level And Additional 2 Bdrms On Lower Level. Separate Entrance Is Perfect For Rental Income Or In-Law/ Nanny Suite. Ample Storage, Large Laundry Room With Rough In For Kitchen. This Home Offers Great Opportunity. Close To Tennis Courts, Splash Pad And Park, Walk To Separate, French And High Schools.

Key facts

Property type
Detached, Bungalow-Raised
MLS®
W13456296
Bedrooms
3+2 (5 total)
Bathrooms
2
Size
1100-1500 sq ft
Lot
113.32 × 65.46 ft
Cross streets
Westway and Kipling
Parking
1 garage · 3 parking (attached)
Driveway
Private
Basement
Separate Entrance, Finished with Walk-Out, Full
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Property tax
$4,427 / 2026
Days on market
124
Listing brokerage
HARVEY KALLES REAL ESTATE LTD.

Rooms

Bedroom 3Main2.59 × 3.03 m
Dining RoomMain2.44 × 3.12 m
Family RoomLower4.15 × 7.81 m
LaundryLower3.57 × 4.15 m
KitchenMain3.29 × 3.03 m
Bedroom 4Lower4.80 × 3.06 m
Primary BedroomMain2.91 × 3.95 m
Living RoomMain4.47 × 3.81 m
Bedroom 2Main2.43 × 4.11 m
OtherLower3.54 × 5.54 m
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is Dixon Grove Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Willowridge-Martingrove-Richview · asking prices
$1.17Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $856/sqft; this home lists at $999/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.30MThis home1.10M1.20M1.43M1.10M1.05MThis home vs active comparables

Neighbourhood & location

Willowridge-Martingrove-Richview, 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.

Islington-City Centre West
$1.54M
Stonegate-Queensway
$2.12M
Dovercourt-Wallace Emerson-Junction
$1.25M
St. Andrew-Windfields
$4.10M
Leaside
$2.15M

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 Dixon Grove Junior Middle School
45%
Dixon Grove Junior Middle SchoolPublic · Elementary · 0.6 km awayBelow the GTA average · 45% meet the provincial standard
School of Experiential EducationEQAO results not published
TransfigurationEQAO results not published
Also nearby: 12 more schools within 2.5 km
Kipling Collegiate Institute · Public secondary0.3 km · 46% at standard
Transfiguration of our Lord Catholic School · Catholic elementary0.4 km · 79% at standard
Parkfield Junior School · Public elementary0.9 km · 70% at standard
Westway Junior School · Public elementary1.1 km · 54% at standard
St Marcellus Catholic School · Catholic elementary1.1 km · 60% at standard
Central Etobicoke High School · Public secondary1.1 km
St Maurice Catholic School · Catholic elementary1.3 km · 52% at standard
Kingsview Village Junior School · Public elementary1.4 km · 62% at standard
Martingrove Collegiate Institute · Public secondary1.6 km · 70% at standard
Dante Alighieri Academy · Catholic secondary1.8 km · 55% at standard
Princess Margaret Junior School · Public elementary1.9 km · 60% at standard
Valleyfield Junior School · Public elementary2.0 km · 77% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$5,920/mo
$240KIncome needed
5.4×Price ÷ income
$1,366Weekly cost
$44,910Land transfer tax, one-time (Ontario + Toronto)
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.

94%mortgage
Mortgage $5,920Property tax $369Total carry $6,289

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,746per month

Mortgage amount $1,039,200 · 4.49% over 25 years

$259,800Down payment (20.0%)
$1,039,200Loan before insurance
$0CMHC premium
$6,115Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,746
Property tax
$369
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,115

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

One-time closing costs

Ontario land transfer tax
$22,455
Toronto municipal land transfer tax
$22,455
Estimated closing costs
$44,910

Plus your down payment of $259,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,955/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

$684,575Total interest paid
$1,723,775Total of all payments
Principal $1,039,200 Interest $684,575
YearPrincipalInterestBalance
1$23,191$45,760$1,016,009
2$24,243$44,708$991,766
3$25,344$43,607$966,422
4$26,495$42,456$939,927
5$27,698$41,253$912,229
6$28,956$39,995$883,273
7$30,270$38,681$853,003
8$31,645$37,306$821,359
9$33,081$35,870$788,277
10$34,583$34,368$753,694
11$36,154$32,797$717,540
12$37,795$31,156$679,745
13$39,511$29,440$640,234
14$41,305$27,646$598,929
15$43,181$25,770$555,748
16$45,141$23,810$510,607
17$47,191$21,760$463,416
18$49,333$19,618$414,083
19$51,573$17,378$362,509
20$53,915$15,036$308,594
21$56,363$12,588$252,231
22$58,922$10,029$193,309
23$61,597$7,354$131,712
24$64,394$4,557$67,318
25$67,318$1,633$0

At the end of your 5-year term

Total paid over the term
$344,755
Principal paid down
$126,971
Interest paid
$217,784
Balance remaining
$912,229

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.

Investor snapshot

Rental yield
Estimate$2,300/mo
$27,600Gross annual rent
1.4%Cap rate after taxes and upkeep

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 numbers

Estimates 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.

2.1%
Gross yield
− Property tax $4,427− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $18,738

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. MLS®/PropTx.

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