62 Rosemeade Avenue, Toronto, ON
Stonegate-Queensway, Toronto · MLS® W13566808
About this home
"A Rosemeade by any other number simply wouldn't be as sweet." If every great story begins with the right address, your story starts here. Situated in the heart of the highly sought-after Queensway community, this detached two-storey residence offers approximately 3,100 sq. ft. above grade and presents an exceptional canvas for builders, renovators, and families looking to customize almost every detail to their own taste and lifestyle. The major structure is in place, including the windows, garage doors, furnace, drywall, and soaring cathedral ceilings in the grand front foyer. The interior now awaits your personal vision, with finishes such as flooring, the kitchen, bathrooms, trim, lighting, and the basement staircase still to be completed. The sun-filled second level offers spacious bedrooms and a primary suite thoughtfully laid out with luxury in mind. The walk-up unfinished basement offers outstanding potential for additional living space, an in-law suite, or future income possibilities (buyer to satisfy themselves with respect to permits and intended use). Outside, the lot is ready for its final transformation, including grading, driveway completion, landscaping, and the creation of a private backyard sanctuary designed entirely around your vision. Location is everything, and this home delivers. Enjoy being just minutes from excellent schools, parks, Costco, No Frills, boutique shops, restaurants, cafés, bakeries, and specialty stores. Commuting couldn't be easier with quick access to the QEW, Gardiner Expressway, TTC, and Mimico GO, putting downtown Toronto within easy reach. Nestled in one of Etobicoke's most established family-friendly neighbourhoods, this is a rare opportunity to complete a substantial custom home exactly the way you've always envisioned. People have walked by and wondered what the story was with this home-now's your chance to write the next chapter. When opportunities like this knock, it would be wise to answer.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13566808
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 3
- Size
- 2500-3000
- Lot
- 50 × 125 ft
- Cross streets
- Royal York Rd./The Queensway
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private Double
- Basement
- Unfinished, Walk-Up, Separate Entrance
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,938 / 2025
- Days on market
- 2
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Rooms
his and hers closets · window
window · closet · overlooks backyard
window · separate room
window · open concept · combined w/kitchen
his and hers closets · 5 pc ensuite · picture window
walk-in closet(s) · overlooks frontyard · window
large window · overlooks frontyard · open concept
his and hers closets · window
window · overlooks backyard
cathedral ceiling(s) · double doors · double closet
open concept · pot lights · w/o to porch
Listed at $1,498,888, this home is about 26% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Stonegate-Queensway, so I widened the search to the surrounding area.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.63M, a bit lower. 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, listed at $1.19M
- Bedrooms +$30K
- Adjusts to $1.22M
That comparable adjusts to $1.22M; the $2.04M estimate above is the median of all 10 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 very walkable address with everyday errands close by. Royal York Rd at Frankwood Rd is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.04M, median of 10 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Value driver
- Worth verifying
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 homes1 days longer than the Toronto average (1 days).
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
Very WalkableA 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Royal York Rd at Frankwood Rd, about 79 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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,199,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,399
- Property tax
- $578
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,977
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,453
- Toronto municipal land transfer tax
- $26,453
- Estimated closing costs
- $52,906
Plus your down payment of $299,778. 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
- $383,934
- Principal paid down
- $152,707
- Interest paid
- $231,227
- Balance remaining
- $1,046,403
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
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 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 SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.