48 Loney Avenue, Toronto, ON
Downsview-Roding-CFB, Toronto · MLS® W13531098
About this home
In short
- Welcome to 48 Loney Ave, a charming detached bungalow situated on an exceptional deep lot backing onto a serene ravine setting.
- This well-maintained home offers a functional layout featuring 3 spacious bedrooms, a full kitchen, and bright living space on the main floor.
- The finished basement boasts a separate side entrance and includes 2 additional bedrooms, a full bathroom, and a second kitchen, providing excellent potential for...
- One of the home's most outstanding features is the impressive 209-foot deep private backyard backing onto a peaceful ravine, offering exceptional privacy, beautiful...
- Conveniently located close to schools, parks, public transit, shopping, major highways, and everyday amenities.
Rare Ravine Lot! Welcome to 48 Loney Ave, a charming detached bungalow situated on an exceptional deep lot backing onto a serene ravine setting. This well-maintained home offers a functional layout featuring 3 spacious bedrooms, a full kitchen, and bright living space on the main floor. The finished basement boasts a separate side entrance and includes 2 additional bedrooms, a full bathroom, and a second kitchen, providing excellent potential for extended family living, multi-generational households, or supplemental rental income. Enjoy abundant parking with space for up to 4 vehicles. One of the home's most outstanding features is the impressive 209-foot deep private backyard backing onto a peaceful ravine, offering exceptional privacy, beautiful natural views, and a rare outdoor retreat in the city. Conveniently located close to schools, parks, public transit, shopping, major highways, and everyday amenities. A fantastic opportunity for families, investors, or those seeking a home with income potential and an extraordinary lot in Toronto.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13531098
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 50 × 209 ft
- Cross streets
- Jane St. / Wilson Ave.
- Parking
- 4 parking
- Driveway
- Circular Drive, Private
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $3,899 / 2025
- Days on market
- 63
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
large window · hardwood floor
window · closet · hardwood floor
overlooks dining · window · ceramic floor
window · hardwood floor
window · closet · hardwood floor
window · closet · hardwood floor
Listed at $1,199,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.18M, typically $1.02M to $1.26M. Comparable closings on their own put this home around $1.14M, which agrees with the ask, so this is a firm read.
Second read, from the city assessment: $935K. That is about 18% below the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $1.18M, median of 43 comparables.
The market behind the math:
About 0.8 months of inventory: 5 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,332/sqft against an area asking average of $1,250/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Downsview-Roding-CFB: 38 of the 117 detached leases here lately were basement units, around $1,900 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
How this estimate is builtthe short version
I take the 43 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $935K, a bit lower.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
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.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 43 comparable homes that sold in Downsview-Roding-CFB over the past two years, from 205 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,250/sqft; this home lists at $1,332/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Downsview-Roding-CFB, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.09% via Ratehub.ca (as of September 8, 2026); conventional rates run a little higher.
Mortgage amount $959,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,171
- Property tax
- $325
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,496
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,455
- Toronto municipal land transfer tax
- $20,455
- Estimated closing costs
- $40,910
Plus your down payment of $239,800. 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
- $310,269
- Principal paid down
- $120,723
- Interest paid
- $189,547
- Balance remaining
- $838,477
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
The suite is real income here: basements rent in Downsview-Roding-CFB (38 of 117 recent detached leases were basement units, around $1,900 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,900 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 14 whole-home leases in Downsview-Roding-CFB signed at a median of $3,111 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,686. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.