49 Montcalm Avenue, Toronto, ON
Briar Hill-Belgravia, Toronto · MLS® W13471300
About this home
In short
- Welcome to 49 Montcalm Ave, a solid detached bungalow on a quiet residential street in the heart of Briar Hill-Belgravia.
- The location is a real highlight: walk to Fairbank Station on Line 5, TTC service along Dufferin and Eglinton, neighbourhood shops, groceries, restaurants, schools...
Welcome to 49 Montcalm Ave, a solid detached bungalow on a quiet residential street in the heart of Briar Hill-Belgravia. The main floor offers a practical, easy-to-live-in layout with an updated kitchen, spacious living and dining area, three comfortable bedrooms and a full bathroom. The finished lower level adds plenty of useful space with a large recreation room, second kitchen, additional bathroom and a separate side entrance-ideal for extended family, guests, a home office or simply more room to spread out. Outside, enjoy a covered front porch, private driveway with built-in garage and a green backyard with patio space, garden beds and a storage shed. The location is a real highlight: walk to Fairbank Station on Line 5, TTC service along Dufferin and Eglinton, neighbourhood shops, groceries, restaurants, schools and Fairbank Memorial Park. With quick connections across the city and easy access to Allen Road, this is a well-kept home with a flexible layout in an established, convenient neighbourhood.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13471300
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 28.67 × 125.5 ft
- Cross streets
- Eglinton/Caledonia
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Finished, Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,404 / 2026
- Days on market
- 80
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
large window · laminate · combined w/dining
quartz counter · ceramic backsplash · window
fireplace · ceramic floor · open concept
laminate · window · closet
ceramic floor · ceramic backsplash · double sink
laminate · window
laminate · window · closet
window · laminate · combined w/dining
Listed at $1,055,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1000K, typically $902K to $1.14M. Comparable closings on their own put this home around $870K, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
A price cut is the likelier next move. 80 days on the market against about 27 for homes like it here, and asking 6% above where comparable closings put it. That is leverage for a buyer: offer with it in mind rather than waiting for the cut, since a reduction brings new eyes with it.
Second read, from the city assessment: $999K. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1000K, median of 60 comparables.
The market behind the math:
About 1.4 months of inventory: 5 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,172/sqft against an area asking average of $1,590/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Briar Hill-Belgravia: 20 of the 79 detached leases here lately were basement units, around $1,600 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 60 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), 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 $999K, a close match.
Schools & getting aroundcatchment and transit
The assigned public school is Fairbank Memorial Community School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 60 comparable homes that sold in Briar Hill-Belgravia over the past two years, from 90 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,024/sqft; this home lists at $1,172/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Briar Hill-Belgravia, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 8, 2026); conventional rates run a little higher.
Mortgage amount $844,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,550
- Property tax
- $367
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,917
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,575
- Toronto municipal land transfer tax
- $17,575
- Estimated closing costs
- $35,150
Plus your down payment of $211,000. 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
- $273,006
- Principal paid down
- $106,224
- Interest paid
- $166,782
- Balance remaining
- $737,776
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
The suite is real income here: basements rent in Briar Hill-Belgravia (20 of 79 recent detached leases were basement units, around $1,600 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,600 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 25 whole-home leases in Briar Hill-Belgravia signed at a median of $2,743 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,696. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.