121 Medland Street, Toronto, ON
Junction Area, Toronto · MLS® W13615228
About this home
Situated on a mature tree lined street near High Park, The Junction, and Bloor West Village, this move in ready legal duplex offers exceptional versatility for end users, multigenerational families, or buyers looking to supplement their mortgage. Freshly painted in neutral tones throughout, the property features three distinct self contained suites, four washrooms across all levels, and dedicated laundry with updated machines for each unit.The spacious upper residence spans the second and third floors, featuring three bright bedrooms, two washrooms, plus a functional den ideal for a primary home, family living, or dedicated office space. The main floor unit offers a charming one bedroom layout with a full washroom and a direct walkout to a deep, tranquil backyard shaded by a lush tree canopy. Completing the layout is a fully self contained lower level apartment complete with its own kitchen and washroom, currently rented for an immediate and steady income stream.Exterior features include a durable metal roof and two legal rear parking spaces accessed via a shared laneway, with potential to legalize a third space at the front. Located steps from artisanal coffee shops, vibrant dining, local boutiques, and transit, this turn key property offers the perfect combination of space, lifestyle, and financial flexibility in a premier Toronto neighborhood.
Key facts
- Property type
- Other, 2 1/2 Storey
- MLS®
- W13615228
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 25.49 × 110 ft
- Cross streets
- Dundas and Keele
- Parking
- 2 parking
- Basement
- Separate Entrance, Finished with Walk-Out
- Heating
- Radiant
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Metal
- Sewer
- Sewer
- Property tax
- $7,865 / 2025
- Days on market
- 82
- Listing brokerage
- HOMELIFE/MIRACLE REALTY LTD
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readOn schools, this address is zoned for Humberside Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Nothing closely matching this home is listed nearby right now, so these are the nearest listings on the market. Homes like this one have recently closed around $1.46M, which is where my estimate comes from.
Per square foot, these ask about $780/sqft; this home lists at $829/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for homes in Junction Area: $1.03M in September 2026, up 20% from a year ago, on 131 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.02M | 20 |
| November 2025 | $765K | 14 |
| December 2025 | $900K | 9 |
| January 2026 | $638K | 6 |
| February 2026 | $588K | 5 |
| March 2026 | $1.23M | 12 |
| April 2026 | $1.25M | 11 |
| May 2026 | $1.00M | 17 |
| June 2026 | $704K | 10 |
| July 2026 | $1.02M | 8 |
| August 2026 | $1.19M | 8 |
| September 2026 | $1.03M | 11 |
Neighbourhood & location
Junction Area, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $1,160,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,414
- Property tax
- $655
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,069
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,475
- Toronto municipal land transfer tax
- $25,475
- Estimated closing costs
- $50,950
Plus your down payment of $290,000. 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
- $384,830
- Principal paid down
- $141,731
- Interest paid
- $243,100
- Balance remaining
- $1,018,269
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
About the suite: in Junction Area basements rarely rent out (35 of 500 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 16 whole-home leases in Junction Area signed at a median of $1,696 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,490. 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/MIRACLE REALTY LTD. MLS®/PropTx.