78 Meadowbank Road, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13502922
About this home
This time of year, Toronto blooms into its deepest greens and most vibrant colours. Here sunlight doesn't simply enter a room, it dances across the halls, climbs the walls, and radiates through every space. Once a traditional centre-plan residence, it has been thoughtfully reimagined over the years into something rare: a seamless blend of classic and modern splendour. Traditional craftsmanship and warm hardwoods meet vaulted ceilings and an abundance of space that simply stands out. Vast without feeling lost. There is a perfect sense of division and flow here. From the moment you step into the foyer, this home holds you in its warmth and approachability. A large, classic living room anchored by a gas fireplace peers into a formal dining space, which flows effortlessly into a gallery kitchen built entirely for the way we live today. From there, you can head to the laundry mudroom, step out into a spectacular yard, or be drawn into a sunken main-level family room. A separate garage entrance and a powder rm complete the picture. Upstairs is equally impressive. Three-plus-one oversized bedrooms, each with built-in storage and loads of character and charm. The principal suite is sunken, anchored by its own fireplace, ten closet spaces (no, that is not a typo), with a private office floats above the family room below, bathed in... yes... light from abundant skylights. A luxe ensuite completes the retreat. The other bedrooms are equally beautiful, sharing a Jack and Jill bath that won't disappoint. Pause up here for a moment feel the ease, the richness, the treetops and you'll understand this home. The lower level brings a fourth fireplace, a family room, a wet bar, and additional flexible space. Now let's go outside! Incredible 85 x146 foot lot! The privacy and scale are immediate. A generous setback from the road, expansive deck space at the front and rear, and a side yard that feels like a garden. This is magical outdoor living by any measure.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13502922
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 2500-3000
- Lot
- 85 × 146 ft
- Cross streets
- Martin Grove Road and Burnhamthorpe Rd
- Parking
- 2 garage · 7 parking (built-in)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Wood , Other
- Foundation
- Poured Concrete, Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,851 / 2025
- Days on market
- 18
- Listing brokerage
- RE/MAX REALTY SPECIALISTS INC.
Rooms
skylight · hardwood floor · fireplace
3 Pc Ensuite
fireplace · hardwood floor · large window
wet bar · fireplace
fireplace · vaulted ceiling(s) · b/i closet
laundry sink · walk-out · large window
5 pc bath · soaking tub · vaulted ceiling(s)
large window · heated floor
hardwood floor · large window
2 Pc Bath
hardwood floor · 3 pc ensuite · large window
eat-in kitchen · w/o to deck · stainless steel appl
vaulted ceiling(s) · skylight
hardwood floor · b/i closet · large window
Listed at $2,085,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.94M, a bit lower.
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 $2.20M
- Bedrooms −$30K
- Adjusts to $2.17M
That comparable adjusts to $2.17M; the $2.18M estimate above is the median of all 13 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 Bloorlea 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. The East Mall at Keane Ave North Side is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $2.18M, median of 13 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Worth verifying
- Lifestyle
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 7% below the area average of $814/sqft.
17 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, 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: The East Mall at Keane Ave North Side, about 244 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 $1,668,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,901
- Property tax
- $654
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,555
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $38,600
- Toronto municipal land transfer tax
- $38,600
- Estimated closing costs
- $77,200
Plus your down payment of $417,000. 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
- $534,064
- Principal paid down
- $212,420
- Interest paid
- $321,644
- Balance remaining
- $1,455,580
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
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 REALTY SPECIALISTS INC.. MLS®/PropTx.