46 Summitcrest Drive, Toronto, ON

Willowridge-Martingrove-Richview, Toronto · MLS® W13596576

$1,499,000
For Sale
Listed 88 days agoNo offer date statedSitting longer than typical
3Bedrooms
2Bathrooms
2Garage · 4 parking
1500-2000Sq ft

About this home

In short

  • Welcome to this well-maintained detached family home nestled in a sought-after, established neighbourhood.
  • Offering 3 spacious bedrooms, 2 bathrooms, and a functional layout, this home has been lovingly cared for and is ready for its next chapter.
  • The bright living and dining rooms feature large picture windows and hardwood flooring, while the spacious eat-in kitchen overlooks the backyard and provides plenty...
  • Conveniently close to TTC bus routes, parks, Richview Plaza, La Rose Plaza, shopping, restaurants, and major highways, making commuting throughout the GTA effortless.

Welcome to this well-maintained detached family home nestled in a sought-after, established neighbourhood! Offering 3 spacious bedrooms, 2 bathrooms, and a functional layout, this home has been lovingly cared for and is ready for its next chapter. The bright living and dining rooms feature large picture windows and hardwood flooring, while the spacious eat-in kitchen overlooks the backyard and provides plenty of cabinet and counter space for family meals. The finished lower level offers a generous recreation room with a cozy fireplace, providing the perfect space for entertaining, relaxing, or creating a home office or play area.Outside, enjoy a beautifully landscaped front yard, private driveway, and attached garage. Located in an exceptional family-friendly community within walking distance to Father Serra Catholic School and Hilltop Elementary School, and situated in the highly regarded Richview Collegiate Institute school district. Conveniently close to TTC bus routes, parks, Richview Plaza, La Rose Plaza, shopping, restaurants, and major highways, making commuting throughout the GTA effortless.A wonderful opportunity to own a solid family home in one of Etobicoke's most desirable neighbourhoods!

Key facts

Property type
Detached, Sidesplit
MLS®
W13596576
Bedrooms
3
Bathrooms
2
Size
1500-2000 sq ft
Lot
48.33 × 115 ft
Cross streets
Islington and Eglinton
Parking
2 garage · 4 parking (attached)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,671 / 2026
Days on market
88
Listing brokerage
RAM REAL ESTATE SERVICES LIMITED
Our TakeTeam Asgarian · Broker
A small discount is typical
$1.46Mlikely sale price

Listed at $1,499,000. Going by how homes in Willowridge-Martingrove-Richview and the wider GTA have actually closed against their asking prices (about 97%, 16 local closings in 90 days), the likely sale price is near $1.46M, if it sells. A realistic range is $1.37M to $1.65M.

Independent value check: $1.24M. Without looking at the asking price, our model values the home itself about 17% below the ask (homes like it typically land between $1.16M and $1.30M).

Why $1.24M. The typical detached home sold in Willowridge-Martingrove-Richview over the past year went for about $1.20M (109 sales). What sets this one apart:

  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $5,671 a year; the typical home sold here pays about $5,100.
  • ▲ Raises it slightlyIt is 1,500 to 2,000 sq ft; the typical home sold here is 1,100 to 1,500.

Longer on the market than typical. 88 days on the market against about 29 for homes like it here, and asking 21% above where comparable closings put it.

List price
$1.37MBelow recent closings$1.65MAbove recent closings

Total price vs nearby homes. Likely closing about $1.46M, from 16 recent closings in this pocket.

The market behind the math:

16sold nearby · 90 days
$1.10Mmedian sold price
98%of asking, on average
−12%prices vs a year ago
~14 dayshomes like this take to sell
88days on market so far
$4,637/moest. rent · 23 leases
3.7%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.9 months of inventory: 21 detached homes for sale in the area against 16 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $857/sqft against an area asking average of $885/sqft.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.

It never sees the asking price. The 16 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.22M. Condition and finishes remain an in-person call.

What the listing highlights2 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit

The assigned public school is Valleyfield Junior School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($857/sqft) is in line with the area, so you are paying for extra space rather than a premium.

There were not many closely comparable homes right in Willowridge-Martingrove-Richview, so I widened the search to the surrounding area.

Based on 16 comparable homes that sold in Willowridge-Martingrove-Richview over the past two years, from 211 closings there.

What sellers nearby are askingCurrently listed nearby in Willowridge-Martingrove-Richview · asking prices
$1.48Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.24M, which is where my estimate comes from.

Per square foot, these ask about $1,020/sqft; this home lists at $857/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1.50MThis home1.33M1.60M1.35M1.43M1.69MThis home vs active comparables

Sold price trend

Median sold price for detached homes in Willowridge-Martingrove-Richview: $1.25M in September 2026, down 4% from a year ago, on 110 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$1.20M9
November 2025$1.17M17
December 2025$1.10M7
January 2026$1.34M6
February 2026$1.20M5
March 2026$1.40M9
April 2026$1.25M11
May 2026$1.22M16
June 2026$1.16M10
July 2026$1.22M8
August 2026$1.00M7
September 2026$1.25M5

Neighbourhood & location

Willowridge-Martingrove-Richview, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Islington-City Centre West
$1.54M
Stonegate-Queensway
$2.25M
Dovercourt-Wallace Emerson-Junction
$1.25M
Leaside
$2.15M
Willowdale East
$2.19M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Valleyfield Junior School
77%
Valleyfield Junior SchoolPublic · Elementary · 1.1 km awayAbove the GTA average · 77% meet the provincial standard
School of Experiential EducationEQAO results not published
Also nearby: 12 more schools within 2.5 km
All Saints Catholic School · Catholic elementary0.4 km · 65% at standard
St Eugene Catholic School · Catholic elementary0.9 km · 78% at standard
Richview Collegiate Institute · Public secondary0.9 km · 82% at standard
St Demetrius Catholic School · Catholic elementary0.9 km · 76% at standard
Westmount Junior School · Public elementary1.2 km · 53% at standard
Westway Junior School · Public elementary1.4 km · 54% at standard
St George's Junior School · Public elementary1.5 km · 81% at standard
St Marcellus Catholic School · Catholic elementary1.8 km · 60% at standard
Dixon Grove Junior Middle School · Public elementary1.8 km · 45% at standard
Central Etobicoke High School · Public secondary1.9 km
Kingsview Village Junior School · Public elementary2.0 km · 62% at standard
Portage Trail Community School · Public elementary2.1 km · 44% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$6,832/mo
$278KIncome needed
5.4×Price ÷ income
$1,577Weekly cost
$52,910Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $6,832Property tax $473Total carry $7,305

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,631per month

Mortgage amount $1,199,200 · 4.49% over 25 years

$299,800Down payment (20.0%)
$1,199,200Loan before insurance
$0CMHC premium
$7,103Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,631
Property tax
$473
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$7,103

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$26,455
Toronto municipal land transfer tax
$26,455
Estimated closing costs
$52,910

Plus your down payment of $299,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$8,025/monthPayment at the qualifying rate

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

$789,975Total interest paid
$1,989,175Total of all payments
Principal $1,199,200 Interest $789,975
YearPrincipalInterestBalance
1$26,761$52,806$1,172,439
2$27,976$51,591$1,144,463
3$29,246$50,321$1,115,217
4$30,574$48,993$1,084,642
5$31,962$47,605$1,052,680
6$33,414$46,153$1,019,266
7$34,931$44,636$984,336
8$36,517$43,050$947,819
9$38,175$41,392$909,644
10$39,908$39,659$869,736
11$41,720$37,847$828,016
12$43,614$35,953$784,402
13$45,595$33,972$738,807
14$47,665$31,902$691,142
15$49,829$29,738$641,314
16$52,091$27,476$589,222
17$54,456$25,111$534,766
18$56,929$22,638$477,837
19$59,514$20,053$418,323
20$62,216$17,351$356,107
21$65,041$14,526$291,066
22$67,994$11,573$223,072
23$71,081$8,486$151,991
24$74,309$5,258$77,682
25$77,682$1,885$0

At the end of your 5-year term

Total paid over the term
$397,835
Principal paid down
$146,520
Interest paid
$251,315
Balance remaining
$1,052,680

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.

Let's connect

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

Rental yield
From 23 whole-home leases in Willowridge-Martingrove-Richview$4,637/mo
$55,644Gross annual rent
2.8%Cap rate after taxes and upkeep
$4,367 to $4,869Typical rent range
~31 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 23 whole-home leases in Willowridge-Martingrove-Richview signed at a median of $4,235 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,637. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

3.7%
Gross yield
− Property tax $5,671− Insurance $1,400− Vacancy & upkeep $6,121Net operating income $42,452

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RAM REAL ESTATE SERVICES LIMITED. MLS®/PropTx.

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