401-1 Neighbourhood Lane, Toronto, ON
Stonegate-Queensway, Toronto · MLS® W13534454
About this home
Welcome to Backyard Condos in the heart of South Etobicoke. This beautifully designed 1 bedroom suite offers approximately 550 sq ft of bright, modern living space plus a spacious balcony perfect for relaxing in the evening. Thoughtfully designed with soaring 9 foot ceilings and wide plank flooring throughout, the open concept layout creates a stylish and functional space ideal for both everyday living and entertaining. The upgraded modern kitchen flows seamlessly into the living and dining area, creating a comfortable and inviting space filled with natural light. The spacious primary bedroom features a double closet and offers plenty of room for a large armoire or dresser, providing excellent storage and flexibility. This well designed suite also includes the convenience of ensuite laundry, one parking space and a locker. Located in a highly desirable West Toronto neighbourhood, this boutique building offers the perfect balance of urban convenience and natural surroundings. Just steps to the Humber River trails and within walking distance to the lake, Humber Bay and the vibrant Marine Parade area. Enjoy easy access to local cafés, restaurants and shops along The Queensway, Park Lawn and Lakeshore. Commuting is effortless with TTC nearby and quick access to the Gardiner Expressway, Lakeshore and downtown Toronto just minutes away. Residents enjoy exceptional building amenities including concierge service, a fully equipped fitness centre, rooftop terrace with fire pit and lounge areas, guest suite, pet spa and visitor parking. A fantastic opportunity for first time buyers, investors or those looking to downsize without compromise in one of South Etobicoke's most exciting communities. **Outdoor photos are virtually edited**
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13534454
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- Park Lawn & Berry
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete, Brick
- Maintenance
- $555/mo
- Exposure
- North East
- Property tax
- $2,262 / 2025
- Days on market
- 10
- Listing brokerage
- RE/MAX REALTY ENTERPRISES INC.
Rooms
large window · double closet · laminate
stainless steel appl · backsplash · quartz counter
w/o to balcony · open concept · laminate
Listed at $439,900, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $469K, a bit higher.
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 $425K
- Adjusts to $425K
That comparable adjusts to $425K; the $423K estimate above is the median of all 11 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.
Its public catchment (Etobicoke Collegiate Institute) 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. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $423K, median of 11 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.
- Open-concept layout: modern, sought-after flow.
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 0% above the area average of $805/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Stonegate-Queensway, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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.
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
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 $351,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,878
- Property tax
- $189
- Condo / maintenance fees
- $555
- Heating
- $0
- Estimated monthly cost
- $2,621
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,273
- Toronto municipal land transfer tax
- $5,273
- Estimated closing costs
- $10,546
Plus your down payment of $87,980. 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
- $112,679
- Principal paid down
- $44,817
- Interest paid
- $67,861
- Balance remaining
- $307,103
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 ENTERPRISES INC.. MLS®/PropTx.