-Lower-249 Burnhamthorpe Road, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13554230
About this home
Completely Independent/Private & Georgeous 1Br Basement Apartment with 1-Parking Spot in the most Desirable Neighborhood"Burnhamthorpe Gardens". Great Place to Live. Ttc @ the door, Closer to Hwy 427, Shopping, 4 Mins drive to Kipling Subway/Go Stn. Required Tenant Insurance.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13554230
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700 sq ft
- Lot
- 40 × 140 ft
- Cross streets
- Kipling Ave & Burnhamthorpe
- Parking
- 1 parking
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Heating
- Baseboard
- A/C
- None
- Exterior
- Stucco (Plaster)
- Foundation
- Brick, Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 9
- Listing brokerage
- CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Rooms
laminate · open concept · window
laminate · closet · window
laminate · open concept · window
Listed at $1,600/mo, this rental is within the range of comparable rentals, on the higher side. The number above is my independent estimate of value, not the asking price.
In Islington-City Centre West lately, landlords have been getting about 99% of asking and homes lease in about 24 days.
There were not many closely comparable homes right in Islington-City Centre West, so I widened the search to the surrounding area.
Based on 17 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 17 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 $2,000/mo
- Adjusts to $2,000/mo
That comparable adjusts to $2,000/mo; the $1,244/mo estimate above is the median of all 17 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.
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, this is a more car-dependent spot, so buyers here typically drive. Echo Valley Road is about a 1-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1,244/mo, median of 17 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.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing.
- Worth verifying
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 homes8 days longer than the Toronto average (1 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
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
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: Echo Valley Road, about 28 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 21, 2026); conventional rates run a little higher.
Mortgage amount $1,280 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7
- Property tax
- $1
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8
- Toronto municipal land transfer tax
- $8
- Estimated closing costs
- $16
Plus your down payment of $320. 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
- $410
- Principal paid down
- $163
- Interest paid
- $247
- Balance remaining
- $1,117
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 PEOPLE`S CHOICE REALTY INC.. MLS®/PropTx.