24 Millburn Drive, Toronto, ON

Eringate-Centennial-West Deane, Toronto · MLS® W13526944

$5,000/mo
For Lease
Listed 15 days ago
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5Bedrooms
2Bathrooms
1Garage · 4 parking
1100-1500Sq Ft
6 schools20+ transit stops13 parks3 restaurantswithin 1.5 km

About this home

Welcome to this beautifully renovated and highly versatile home in the sought after West Deane Park neighbourhood of Etobicoke. Ideal for families or extended families, this property offers exceptional space, comfort, and functionality. Featuring 3+2 bedrooms, 2 full bathrooms, and 2 modern kitchens with brand new appliances. The home also includes 2 sets of ensuite laundry, bright and spacious living areas, and large windows throughout that bring in an abundance of natural light. Thoughtfully renovated, the layout offers excellent separation of space while maintaining a practical flow for everyday living. Parking for 4 cars provides added convenience, and the home is move in ready with quality finishes throughout. Located in a quiet, established community close to parks, walking and biking trails, recreational facilities, schools, shopping centres, grocery stores, restaurants, and public transit. Commuters benefit from quick access to Highways 401, 427, the Gardiner Expressway, and Pearson International Airport. A rare opportunity to lease a fully renovated, flexible home in one of Etobicoke's most desirable neighbourhoods.

Key facts

Property type
Detached, Bungalow
MLS®
W13526944
Bedrooms
5 (3 + 2)
Bathrooms
2
Size
1100-1500
Lot
50 × 125 ft
Cross streets
Rathburn & Martin Grove
Parking
1 garage · 4 parking (attached)
Driveway
Private Double, Tandem
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Block
Roof
Asphalt Shingle
Sewer
Sewer
Days on market
15
Listing brokerage
RE/MAX PROFESSIONALS INC.
Moe’s TakeTeam Asgarian · Broker
Above comparables
$3,850/moest. value

Listed at $5,000/mo, this rental is about 30% above what comparable rentals suggest. The number above is my independent estimate of value, not the asking price.

In Eringate-Centennial-West Deane lately, landlords have been getting about 98% of asking and homes lease in about 22 days. Rents are down 10% versus a year ago.

There were not many closely comparable homes right in Eringate-Centennial-West Deane, so I widened the search to the surrounding area.

Based on 81 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 81 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. 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, leased for $4,600/mo
  • Bedrooms +$150/mo
  • Adjusts to $4,750/mo

That comparable adjusts to $4,750/mo; the $3,850/mo estimate above is the median of all 81 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.

Its public catchment (John G Althouse Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

On location, this is a more car-dependent spot, so buyers here typically drive. Martin Grove Road is about a 4-minute walk away. Worth weighing if transit access matters to you.

List price
$2,687/moBelow market$5,000/moAbove market

Total price vs nearby homes. Fair value about $3,850/mo, median of 81 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.

  • 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
Comparable listingsCurrently listed nearby in Eringate-Centennial-West Deane · asking prices
$4,950avg asking

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

3 Hartland Road$5,60052 Decarie Circle$5,00052 Sedgebrook Crescent$5,00027 Erinview Terrace$4,200

The 4 closest active listings nearby.

See all comparable homes
5,000This home5,6005,0005,0004,200This home vs active comparables
Live market pulseActive comparables in Eringate-Centennial-West Deane · median list $2K
11active listings nearby
15days on market
15leased nearby · 90 days
$5Kmedian leased price
98%of asking, on average
10%vs a year ago

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

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Eringate-Centennial-West Deane, 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.

Getting around

11/ 100

Car-DependentA 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.

Almost all errands require a car — groceries and transit are a drive away.

🚉 Nearest transit: Martin Grove Road, about 354 m away

20+ transit stops1 grocery3 dining13 parks2 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

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

Corso Italia-Davenport
$2K
Downsview-Roding-CFB
$2K
South Parkdale
$2K
Willowdale West
$3K
Newtonbrook East
$3K

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 John G Althouse Middle School
88%
John G Althouse Middle SchoolPublic · Elementary · 0.8 km awayHigher-rated than most nearby · 88% meet the provincial standard

Affordability & Mortgage

Affordability
$23/mo
$5KIncome needed
1.1×Price ÷ income
$5Weekly 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.

88%mortgage
Mortgage $23Property tax $3Total carry $26

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%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$21per month

Mortgage amount $4,000 · 4.14% over 25 years

$1,000Down payment (20.0%)
$4,000Loan before insurance
$0CMHC premium
$25Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$21
Property tax
$3
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$25

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

One-time closing costs

Ontario land transfer tax
$25
Toronto municipal land transfer tax
$25
Estimated closing costs
$50

Plus your down payment of $1,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$26/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

$2,404Total interest paid
$6,404Total of all payments
Principal $4,000 Interest $2,404
YearPrincipalInterestBalance
1$94$162$3,906
2$98$159$3,809
3$102$154$3,707
4$106$150$3,601
5$110$146$3,491
6$115$141$3,376
7$120$136$3,256
8$125$131$3,131
9$130$126$3,001
10$135$121$2,865
11$141$115$2,724
12$147$109$2,577
13$153$103$2,424
14$160$97$2,264
15$166$90$2,098
16$173$83$1,925
17$181$76$1,744
18$188$68$1,556
19$196$60$1,360
20$204$52$1,156
21$213$43$943
22$222$35$722
23$231$25$491
24$240$16$251
25$251$6$0

At the end of your 5-year term

Total paid over the term
$1,281
Principal paid down
$509
Interest paid
$771
Balance remaining
$3,491

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PROFESSIONALS INC.. MLS®/PropTx.

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