41 Waterford Drive, Toronto, ON

Willowridge-Martingrove-Richview, Toronto · MLS® W13503958

$1,589,000
For Sale
Listed 23 days ago
4Bedrooms
3Bathrooms
2Garage · 5 parking
1100-1500Sq Ft

About this home

Impeccably Renovated From Top To Bottom, This 3+1 Bed, 3-Bath Sidesplit Home Sits On A Premium 50'x150' Lot! Cathedral Ceilings, A Designer Maple Kitchen, And A Separate Basement Suite Make It Ideal For Families And Investors Alike. Every Inch Of This Detached Residence Has Been Thoughtfully Updated With Premium Materials And Craftsmanship. The Main Floor Showcases A Stunning Open-Concept Layout Highlighted By Cathedral Ceilings,Custom Solid Maple Kitchen (2020) Featuring 42" Uppers, A 36" Bertazzoni Dual Range,Bosch Refrigerator And Dishwasher (2020), Quartz Countertops, And A Large Island With Seating And Storage, Built-In Panasonic Microwave Drawer, Pendant Lighting, Under-Cabinet LEDs, And Legrand Smart Switches Elevate The Space With Both Function And Flair. Throughout The Home, You'll Find Modern Satin Nickel Hardware, Soho Trim And 7" Baseboards, Recessed Led Lighting, And Engineered Hardwood Floors Refinished In 2020. Every Detail From The Fiberglass Oak-Grained Front Door With Glazed Side Glass To The Smart Nest Thermostat And Ring Security System Reflects Quality And Care. Upper Level Features A Spacious Primary Suite With A Custom Closet System And A Beautifully Finished Main Bath With Large Format Porcelain Tiles, Double Vanity, And Premium Fixtures. Outdoor Living Is Just As Impressive Offering A Treated Pine Deck (2020) With Wide Stairs Leads To A Concrete Patio And BBQ Area, Framed By Lush Landscaping, Emerald Cedars, And Perennial Gardens For Added Privacy. 5 Car Driveway+ 2 Car Garage Provides Ample Parking. Fully Self-Contained Basement Suite Offers Flexibility As A Rental Or Multi-Generational Living Space, Complete With It's Own Kitchen, Pantry, Laundry, And Private Entrance.Mins From Local Amenities Including Islington TTC Subway Station, Upcoming Islington LRT, Richview Collegiate, Numerous Golf Clubs, Pearson Airport & Father Serra ..*EXTRAS: Windows (2020), Roof & Soffits Warranty*qualifies for a garden suite under Toronto Garden Suite Prog*

Key facts

Property type
Detached, Sidesplit 3
MLS®
W13503958
Bedrooms
4 (3 + 1)
Bathrooms
3 (1 half)
Size
1100-1500
Lot
50 × 150 ft
Cross streets
Islington Ave & Eglinton Ave West
Parking
2 garage · 5 parking (attached)
Driveway
Private
Basement
Apartment, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stucco (Plaster)
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,905 / 2025
Days on market
23
Listing brokerage
SUTTON GROUP-ADMIRAL REALTY INC.

Rooms

KitchenMain4.78 × 2.92 m

centre island · stainless steel appl · quartz counter

BedroomLower3.05 × 3.96 m

hardwood floor · overlooks backyard · large window

Bedroom 2Upper3.38 × 3.38 m

hardwood floor · closet · window

Living RoomMain4.06 × 5.08 m

hardwood floor · cathedral ceiling(s) · w/o to deck

Bedroom 3Upper2.95 × 4.09 m

hardwood floor · closet · overlooks backyard

Primary BedroomUpper5.36 × 3.25 m

hardwood floor · double closet · overlooks frontyard

LaundryLower2.77 × 2.31 m

tile floor · laundry sink · separate room

KitchenMain6.71 × 3.76 m

hardwood floor · stainless steel appl · w/o to yard

Dining RoomLower6.71 × 3.76 m

hardwood floor · combined w/living · pot lights

Dining RoomMain2.64 × 5.08 m

hardwood floor · combined w/living · pot lights

Living RoomLower6.71 × 3.76 m

hardwood floor · combined w/dining · crown moulding

Our TakeTeam Asgarian · Broker
Above the wider set
$1.26Mest. value

Listed at $1,589,000, and my independent estimate is tracking about 27% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA.

In Willowridge-Martingrove-Richview lately, sellers get about 99% of asking; homes sell in ~20 days.

List price
$1.10MGreat deal$1.59MOverpriced

Total price vs nearby homes. Fair value about $1.26M, median of 18 comparables.

How this estimate is builtthe short version

I take the 18 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.

It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.49M, a bit higher.

What the listing highlights5 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit

The assigned public school is Richview Collegiate Institute. 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

There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.

Based on 18 comparable homes nearby.

Comparable listingsCurrently listed nearby in Willowridge-Martingrove-Richview · asking prices
$1.47Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

18 Celestine Drive$1.40M100 Summitcrest Drive$1.45M32 Sellmar Road$1.40M55 Sunvale Drive$1.70M33 Waterford Drive$1.43M

The 5 closest of 8 active listings nearby.

See all comparable homes
1.59MThis home1.40M1.45M1.40M1.70M1.43MThis home vs active comparables
Live market pulseActive comparables in Willowridge-Martingrove-Richview · median list $1.40M
$1,222this home / sqft
21active listings nearby
23days on market
99sold nearby · 90 days
$1.40Mmedian sold price
99%of asking, on average

This home lists 35% above the area average of $906/sqft.

22 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Willowridge-Martingrove-Richview, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Eringate-Centennial-West Deane
$1.23M
Stonegate-Queensway
$1.67M
Bedford Park-Nortown
$2.28M
Willowdale West
$2.10M
Leaside
$1.73M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Westway Junior School
54%
Westway Junior SchoolPublic · Elementary · 1.2 km awayBelow the GTA average · 54% meet the provincial standard

Affordability & Mortgage

Affordability
$7,242/mo
$294KIncome needed
5.4×Price ÷ income
$1,671Weekly cost
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $7,242Property tax $492Total carry $7,734

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,784per month

Mortgage amount $1,271,200 · 4.14% over 25 years

$317,800Down payment (20.0%)
$1,271,200Loan before insurance
$0CMHC premium
$7,276Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,784
Property tax
$492
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$7,276

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$28,255
Toronto municipal land transfer tax
$28,255
Estimated closing costs
$56,510

Plus your down payment of $317,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$8,239/monthPayment at the qualifying rate

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

$763,879Total interest paid
$2,035,079Total of all payments
Principal $1,271,200 Interest $763,879
YearPrincipalInterestBalance
1$29,780$51,623$1,241,420
2$31,025$50,378$1,210,395
3$32,323$49,080$1,178,071
4$33,675$47,728$1,144,396
5$35,084$46,319$1,109,312
6$36,551$44,852$1,072,761
7$38,080$43,323$1,034,681
8$39,673$41,730$995,008
9$41,333$40,071$953,675
10$43,061$38,342$910,614
11$44,863$36,541$865,751
12$46,739$34,664$819,012
13$48,694$32,709$770,318
14$50,731$30,672$719,587
15$52,853$28,550$666,734
16$55,064$26,339$611,670
17$57,367$24,036$554,303
18$59,767$21,637$494,537
19$62,266$19,137$432,270
20$64,871$16,532$367,399
21$67,584$13,819$299,815
22$70,411$10,992$229,403
23$73,357$8,047$156,047
24$76,425$4,978$79,622
25$79,622$1,781$0

At the end of your 5-year term

Total paid over the term
$407,016
Principal paid down
$161,888
Interest paid
$245,128
Balance remaining
$1,109,312

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.

Let's connect

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

Rental yield
Estimate$2,300/mo
$27,600Gross annual rent
1.1%Est. cap rate

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 numbers

Estimates 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.

1.7%
Gross yield
− Property tax $5,905− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $17,260

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.

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