603-47 Macaulay Avenue, Toronto, ON
Dovercourt-Wallace Emerson-Junction, Toronto · MLS® W13587998
About this home
Welcome to your Junction Triangle sanctuary. Step inside this 2+1 bedroom, 2-bath townhouse and feel the quiet hum of a neighbourhood that's equal parts creative energy and community warmth.Sun-drenched main floor with 10 feet high ceilings. The living area is basically a love letter to natural light. Floor-to-ceiling windows act like giant mood-boosting lamps, flooding the space with that golden-hour glow. The kitchen? Minimalist, stainless, and ready for everything from slow-simmer Sunday sauces to impromptu dinner parties with friends who bring biodynamic wine and talk about urban beekeeping. Your dining area spills out onto a private balcony, the perfect perch for morning coffee rituals, journaling, or decompressing with a vinyl-era playlist. The bedrooms offer that elusive Toronto luxury: space to actually exhale. Whether you're crafting a dreamy sleep nook or hosting out-of-town friends or WFH, the layout flexes with your lifestyle. The den + rooftop terrace = your personal urban mythology. Ascend to the upper-level den - a space that feels like the brainstorming loft of someone who makes zines or brews their own kombucha. From there, step out onto your expansive rooftop terrace, the crown jewel of this home. This terrace isn't just outdoor space - it's an experience. A built-in BBQ hookup for summer feasts, a water source for your curated container garden, and CN Tower views that turn every evening into a cinematic moment. It's where you host rooftop dinners, grow heirloom tomatoes, and unwind with a small-batch cold brew under string lights. Walk to micro-roasteries, Roncesvalles, High Park, local makers, MOCA and community-driven shops. UP Express gets you to Union Station or the airport with effortless ease, and TTC route the city feel effortlessly connected. It is a place that feels like the future of Toronto - yours to discover.
Key facts
- Property type
- Condo Townhouse, Stacked Townhouse
- MLS®
- W13587998
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Bloor and Dundas Street West
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick
- Maintenance
- $555/mo
- Exposure
- South
- Property tax
- $3,775 / 2026
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
closet · w/o to balcony
window · b/i shelves · w/o to deck
walk-in closet(s) · 2 pc ensuite
open concept · stainless steel appl · breakfast bar
open concept · hardwood floor · w/o to balcony
open concept · b/i shelves
Listed at $979,900, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
In Dovercourt-Wallace Emerson-Junction lately, sellers have been getting about 101% of asking and homes sell in about 20 days.
There were not many closely comparable homes right in Dovercourt-Wallace Emerson-Junction, so I widened the search to the surrounding area.
Based on 89 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 89 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $871K, a close match.
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, sold for $805K
- Adjusts to $805K
That comparable adjusts to $805K; the $911K estimate above is the median of all 89 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Perth Avenue Junior Public School) 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. Glenlake Avenue is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $911K, median of 89 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Worth verifying
- Value driver
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 homesThis home lists 3% above the area average of $729/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Dovercourt-Wallace Emerson-Junction, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Walker's ParadiseA 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: Glenlake Avenue, about 164 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 $783,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,183
- Property tax
- $315
- Condo / maintenance fees
- $555
- Heating
- $0
- Estimated monthly cost
- $5,053
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,073
- Toronto municipal land transfer tax
- $16,073
- Estimated closing costs
- $32,146
Plus your down payment of $195,980. 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
- $250,997
- Principal paid down
- $99,832
- Interest paid
- $151,165
- Balance remaining
- $684,088
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 WEST REALTY INC.. MLS®/PropTx.