122 Emerson Avenue, Toronto, ON
Dovercourt-Wallace Emerson-Junction, Toronto · MLS® W13488592
About this home
Great opportunity in one of Toronto's most exciting west-end neighbourhoods! This detached 2-storey home offers exceptional flexibility for end-users, multi-generational families, or buyers looking to offset their mortgage with income potential. Featuring two kitchens above grade, the main floor offers a spacious living room, dining room and kitchen, while the second floor includes two bedrooms and a second kitchen. The third level provides two additional bedrooms, creating a versatile layout to suit a variety of living arrangements. A separate entrance to the basement offers additional flexibility for future use (subject to all applicable approvals). Completing the property is a rare double detached garage accessed by laneway, providing ample parking, storage, and exciting future potential.Ideally situated in the vibrant Wallace Emerson neighbourhood between Dupont Street and Bloor Street West, with easy access to Lansdowne and Dufferin, this location offers an outstanding urban lifestyle. Just a short walk to the trendy cafés, breweries, restaurants and artisan shops along Geary Avenue, everyday conveniences at Dufferin Mall, and excellent TTC transit including Lansdowne and Dufferin subway stations. Enjoy nearby parks, schools, and the newly redeveloped Wallace Emerson Community Recreation Centre, featuring modern recreational facilities, pools, fitness amenities, and expanded green space as part of one of Toronto's most significant community revitalization projects. With excellent walkability, nearby cycling routes, and quick access to the UP Express, GO Transit, and Toronto's downtown core, this property offers the perfect balance of neighbourhood charm and city convenience. Whether you're searching for a family home with room to grow or a property offering valuable income potential, this is an exceptional opportunity in one of Toronto's most desirable west-end communities.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- W13488592
- Bedrooms
- 5
- Bathrooms
- 3
- Size
- 1500-2000
- Lot
- 21 × 120 ft
- Cross streets
- Bloor & Dufferin
- Parking
- 2 garage (detached)
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,407 / 2026
- Days on market
- 27
- Listing brokerage
- HOMELIFE REGIONAL REALTY LTD.
Rooms
laminate · window
vinyl floor · closet
family size kitchen · window · ceramic floor
w/o to deck · double sink · vinyl floor
window · parquet · double doors
Vinyl Floor
window · parquet
w/o to porch · ceramic floor · hardwood floor
closet · window · laminate
4 pc bath · window · ceramic floor
window · concrete floor
vinyl floor · window
vinyl floor · walk-out
hardwood floor · window · closet
4 pc bath · ceramic floor · window
hardwood floor · closet · window
Listed at $1,399,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
In Dovercourt-Wallace Emerson-Junction lately, sellers have been getting about 103% of asking and homes sell in about 18 days.
Based on 75 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 75 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.38M, a bit lower. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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, sold for $2.00M
- Bedrooms +$47K
- Bathrooms −$23K
- Adjusts to $2.02M
That comparable adjusts to $2.02M; the $1.61M estimate above is the median of all 75 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Pauline Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $1.61M, median of 75 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
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 23% above the area average of $648/sqft.
26 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Dovercourt-Wallace Emerson-Junction, 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $1,119,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,972
- Property tax
- $534
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,506
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,455
- Toronto municipal land transfer tax
- $24,455
- Estimated closing costs
- $48,910
Plus your down payment of $279,800. 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
- $358,348
- Principal paid down
- $142,530
- Interest paid
- $215,818
- Balance remaining
- $976,670
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 HOMELIFE REGIONAL REALTY LTD.. MLS®/PropTx.