1113B Islington Avenue, Toronto, ON
Stonegate-Queensway, Toronto · MLS® W13462592
About this home
Backing directly onto parkland with a legal basement apartment already in place, this is a rare combination in central Etobicoke - green space behind you, income potential below you. The fully finished studio suite has its own entrance, kitchen, four-piece bath, and rear walk-up - ready for rental income, extended family, a nanny suite, or reclaimed as additional living space.The main house offers nearly 2,600 square feet across three finished levels, built in 2009. The main floor is open and functional, with hardwood throughout, a gas fireplace in the family room, and a kitchen centred on a quartz island with seating, built-in cabinetry, and pantry storage. A separate den opens to a raised deck overlooking the backyard and the parkland beyond.Upstairs, skylights brighten the hallway, bathroom and laundry. The primary suite features a walk-in glass steam shower with rainhead and a jetted soaker tub. Two bedrooms share a jack-and-jill 5-piece bath, with an additional three-piece for guests.Set on a 32 x 132 ft (approx) lot with parking for four. Short walk to the Subway & GO Train, quick access to the Gardiner Expwy, Hwy. 427, Sherway Gardens and The Queensway. Top ranked school districts - Norseman Junior Middle School, Etobicoke Collegiate, Our Lady of Sorrows, and Bishop Allen Academy.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13462592
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000
- Lot
- 32.99 × 132.03 ft
- Cross streets
- Islington & Bloor
- Parking
- 1 garage · 4 parking (built-in)
- Driveway
- Private Triple
- Basement
- Apartment, Finished, Full, Separate Entrance, Walk-Up, Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,001 / 2025
- Days on market
- 29
- Listing brokerage
- RE/MAX ALL-STARS REALTY INC.
Rooms
hardwood floor · closet · 5 pc bath
hardwood floor · 5 pc ensuite · walk-in closet(s)
combined w/living · hardwood floor · open concept
hardwood floor · double doors · gas fireplace
combined w/dining · hardwood floor · pot lights
hardwood floor · b/i shelves · pot lights
centre island · quartz counter · stainless steel appl
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairIts public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Islington Ave at Bering Ave is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
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.
- Primary suite: a key comfort and resale feature.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Income potential
- Lifestyle
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homes28 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Stonegate-Queensway, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Islington Ave at Bering Ave, about 149 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,478,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,889
- Property tax
- $667
- 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
- $33,435
- Toronto municipal land transfer tax
- $33,435
- Estimated closing costs
- $66,870
Plus your down payment of $369,600. 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
- $473,357
- Principal paid down
- $188,275
- Interest paid
- $285,083
- Balance remaining
- $1,290,125
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 RE/MAX ALL-STARS REALTY INC.. MLS®/PropTx.