14 Norseman Street, Toronto, ON

Stonegate-Queensway, Toronto · MLS® W13597856

$1,699,000
For Sale
Just listed today
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4Bedrooms
2Bathrooms
1Garage · 5 parking
1100-1500Sq Ft

About this home

A stunning opportunity to own a meticulously renovated home in sought-after Springbrook Gardens, just steps to top-rated schools, shops, restaurants, Bloor Street and the Mimico Creek Trail. Designed for modern living, this exceptional residence blends timeless craftsmanship with premium finishes and thoughtful functionality throughout. The sun-filled open-concept main floor is anchored by a chef-inspired kitchen featuring premium Bosch built-in appliances, a Samsung gas cooktop, panel-ready dishwasher, speed oven/microwave wall unit, wine fridge, and an oversized island perfect for entertaining. Custom ash veneer solid-core doors with concealed hinges, Italian hidden sliding door hardware, built-in Klipsch speakers, functional wood-burning fireplace and a smart thermostat elevate the home's luxurious feel. Large aluminum tilt-and-turn European windows with thermal breaks flood the home with natural light while maximizing energy efficiency. Step outside to an expansive three-level deck designed for year-round enjoyment, complete with a gas fire table and built-in projector screen for outdoor movie nights. The versatile lower level offers excellent in-law suite potential, creating an ideal opportunity for multigenerational living. Additional highlights include a 2024 furnace, 2026 smart garage door opener, EV charger in the garage, double private driveway with parking for up to five vehicles, and exceptional attention to detail throughout. Perfectly positioned for commuters, you're just approximately 6 minutes to the QEW, 7 minutes to Mimico GO Station, 9 minutes to Royal York Station, and 10 minutes to Kipling GO Station (off-peak driving times). Enjoy the convenience of quick access to downtown Toronto while living in one of Etobicoke's most desirable neighbourhoods. This is a rare opportunity to own a truly move-in-ready home where luxury, comfort, and functionality come together.

Key facts

Property type
Detached, Bungalow
MLS®
W13597856
Bedrooms
4 (3 + 1)
Bathrooms
2
Size
1100-1500
Lot
48 × 110 ft
Cross streets
Norseman and Royal York
Parking
1 garage · 5 parking (attached)
Driveway
Private Double
Basement
Separate Entrance, Finished
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$6,402 / 2025
Listing brokerage
Bridge Inc.
Moe’s TakeTeam Asgarian · Broker
Above comparables
$1.34Mest. value

Listed at $1,699,000, this home is about 26% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.

Priced above comparable homes overall, but the price per square foot ($1,307/sqft) is below the area, so you are paying for extra space rather than a premium.

In Stonegate-Queensway lately, sellers have been getting about 99% of asking and homes sell in about 22 days.

Based on 43 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 43 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.38M, 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 $1.59M
  • Bedrooms +$19K
  • Adjusts to $1.61M

That comparable adjusts to $1.61M; the $1.34M estimate above is the median of all 43 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 (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

List price
$1.18MGreat deal$1.70MOverpriced

Total price vs nearby homes. Fair value about $1.34M, median of 43 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
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Comparable listingsCurrently listed nearby · asking prices
$1.05Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

240 Mill Road$1.29M1144 Glengrove Avenue$1.18M8 Burwood Road$1000k44 Mancroft Crescent$889k14 Dashwood Crescent$868k

The 5 closest of 6 active listings nearby.

See all comparable homes
1.70MThis home1.29M1.18M1000k889k868kThis home vs active comparables
Live market pulseActive comparables in Stonegate-Queensway · median list $1.69M
$1,307this home / sqft
5active listings nearby
97sold nearby · 90 days
$1.75Mmedian sold price
99%of asking, on average

This home lists 7% below the area average of $1,412/sqft.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Stonegate-Queensway, 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.

Alderwood
$1.40M
Leaside
$1.73M
Danforth Village-East York
$883K
Willowdale West
$2.10M
Willowdale East
$2.84M

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 Karen Kain School of the Arts
76%
Karen Kain School of the ArtsPublic · Elementary · 0.9 km awayAbove the GTA average · 76% meet the provincial standard

Affordability & Mortgage

Affordability
$7,743/mo
$314KIncome needed
5.4×Price ÷ income
$1,787Weekly cost
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 $7,743Property tax $534Total carry $8,277

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$7,253per month

Mortgage amount $1,359,200 · 4.14% over 25 years

$339,800Down payment (20.0%)
$1,359,200Loan before insurance
$0CMHC premium
$7,787Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7,253
Property tax
$534
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$7,787

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

One-time closing costs

Ontario land transfer tax
$30,455
Toronto municipal land transfer tax
$30,455
Estimated closing costs
$60,910

Plus your down payment of $339,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$8,810/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

$816,759Total interest paid
$2,175,959Total of all payments
Principal $1,359,200 Interest $816,759
YearPrincipalInterestBalance
1$31,841$55,197$1,327,359
2$33,173$53,865$1,294,185
3$34,561$52,478$1,259,625
4$36,006$51,032$1,223,618
5$37,513$49,526$1,186,106
6$39,082$47,957$1,147,024
7$40,716$46,322$1,106,308
8$42,419$44,619$1,063,888
9$44,194$42,845$1,019,694
10$46,042$40,996$973,652
11$47,968$39,070$925,684
12$49,975$37,064$875,709
13$52,065$34,973$823,644
14$54,243$32,795$769,401
15$56,512$30,527$712,889
16$58,876$28,163$654,014
17$61,338$25,700$592,675
18$63,904$23,134$528,771
19$66,577$20,461$462,195
20$69,362$17,677$392,833
21$72,263$14,775$320,570
22$75,286$11,753$245,284
23$78,435$8,604$166,849
24$81,716$5,323$85,134
25$85,134$1,905$0

At the end of your 5-year term

Total paid over the term
$435,192
Principal paid down
$173,094
Interest paid
$262,097
Balance remaining
$1,186,106

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
Estimate$2,300/mo
$27,600Gross annual rent
1.0%Est. cap rate

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 numbers

Estimates 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.

1.6%
Gross yield
− Property tax $6,402− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $16,762

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Bridge Inc.. MLS®/PropTx.

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