37 Newlin Crescent, Toronto, ON
Glenfield-Jane Heights, Toronto · MLS® W13483244
About this home
37 Newlin Crescent, TORONTO. Opportunity awaits at this charming home situated on a premium 30.03 x 125.35 ft lot backing directly onto the beautiful Downsview Dells ravine. Offering approximately 1,188 sq. ft. on the main level plus an additional 920 sq. ft. of finished basement space, this property provides plenty of room for growing families, investors, or those looking to create their dream home. The main floor bath tub has been converted to a step-in tub and includes grab bars. The basement bathroom has been converted to a roll-under sink and a roll-in shower with grab bars. The outdoor area has 2 Gas Lines for BBQ book up. Featuring 3 spacious bedrooms, 2 bathrooms, and a dedicated office, this home offers functional layout with endless potential. The finished basement adds valuable living space for recreation, work, or extended family use. A truly rare feature is the detached garage with its own separate basement/storage area, providing approximately 240 sq. ft. of additional space-ideal for hobbyists, contractors, storage, or workshop use. Surrounded by nature and backing onto the ravine, this property offers privacy and picturesque views rarely found in the city. While the home could benefit from some updating and TC, it boasts great bones and tremendous potential for renovation, customization, or future value growth. This lovely home is in a very nice neighbourhood. It is conveniently located close to schools, public transit, York University, community centres, libraries, shopping, places of worship, golf and conservation. Don't miss this incredible opportunity to own a ravine-lot property in a sought-after TORONTO AREA neighborhood. Sellers Makes No Representations Or Warranties on property & appliances. Flexible Closing Available. Ideal For Renovation Or Investment-Strong Potential In Established North Toronto Area neighbourhood. ONE OF THE SELLERS IS A (RREA).
Key facts
- Property type
- Semi-Detached, Bungalow
- MLS®
- W13483244
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 30.03 × 125.35 ft
- Cross streets
- Jane Street & Sheppard Avenue West
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Mutual
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,051 / 2026
- Days on market
- 23
- Listing brokerage
- SPECTRUM REALTY SERVICES INC.
Rooms
combined w/living · open concept · laminate
laminate · large window · large closet
large window · large closet · laminate
ceramic floor · combined w/kitchen · combined w/laundry
ceramic floor · 3 pc bath
eat-in kitchen · window
3 pc bath · ceramic floor · window
combined w/kitchen · combined w/sitting · ceramic floor
laminate · window
combined w/laundry · window · combined w/sitting
concrete floor · separate room · window
laminate · overlooks dining
w/o to deck · large closet · large window
combined w/dining · open concept · laminate
Listed at $879,900, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $933K, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $800K
- Bedrooms −$30K
- Adjusts to $770K
That comparable adjusts to $770K; the $909K estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Beverley Heights Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Northover St at Giltspur Dr is about a 4-minute walk away.
Total price vs nearby homes. Fair value about $909K, median of 5 comparables.
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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 7% below the area average of $726/sqft.
19 days longer than the Toronto average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Glenfield-Jane Heights, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Northover St at Giltspur Dr, about 294 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
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 $703,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,756
- Property tax
- $338
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,094
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,073
- Toronto municipal land transfer tax
- $14,073
- Estimated closing costs
- $28,146
Plus your down payment of $175,980. 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
- $225,383
- Principal paid down
- $89,644
- Interest paid
- $135,738
- Balance remaining
- $614,276
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 SPECTRUM REALTY SERVICES INC.. MLS®/PropTx.