18 Madonna Gardens, Toronto, ON
Humber Summit, Toronto · MLS® W13584564
About this home
Exceptional Fully Renovated Bright lower level of a Toronto Home in an Excellent Quiet Residential Location Steps to TTC, One Bus Stop To York University, and More! Spacious Open Concept Layout-Approximately 1200 SQFT! Private Entrance Walk-Up for the Tenant's Personal Use! Gorgeous Open Concept Design with No Carpet-All New Appliances! North Facing Above Grade NEW Windows Bring in Lots of Natural Light! Spacious Kitchen With Large Dining Area! BRAND NEW 3-piece Bathroom with Shower! Open Concept Living Area and Bedrooms with Lots of Lighting! Tenant to pay 30% of Utilities. Internet Included.
Key facts
- Property type
- Semi-Detached, Backsplit 4
- MLS®
- W13584564
- Bedrooms
- 1
- Bathrooms
- 1 (1 half)
- Size
- 1500-2000
- Cross streets
- Islington/Steeles
- Parking
- 1 parking
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Other
- Sewer
- Sewer
- Days on market
- 2
- Listing brokerage
- RE/MAX PREMIER INC.
Rooms
combined w/kitchen · walk-out · laminate
3 pc bath · separate shower · ceramic floor
laminate · closet
Laminate
stainless steel appl · laminate
Listed at $1,600/mo, this rental is about 22% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.
In Humber Summit lately, landlords have been getting about 97% of asking and homes lease in about 30 days. Rents are up 10% versus a year ago.
There were not many closely comparable homes right in Humber Summit, so I widened the search to the surrounding area.
Based on 5 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 5 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
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 $1,800/mo
- Adjusts to $1,800/mo
That comparable adjusts to $1,800/mo; the $2,053/mo estimate above is the median of all 5 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 Humber Summit 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. Islington Avenue at Humber Summit Lane is about a 2-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $2,053/mo, median of 5 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. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- 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 homes3 days faster than the Toronto average (5 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Humber Summit, 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 OpenStreetMap contributors.
Almost all errands require a car — groceries and transit are a drive away.
🚉 Nearest transit: Islington Avenue at Humber Summit Lane, about 137 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 22, 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 RE/MAX PREMIER INC.. MLS®/PropTx.