97 Ennerdale Road, Toronto, ON
Caledonia-Fairbank, Toronto · MLS® W13629760
About this home
Welcome to this beautifully renovated raised bungalow in the highly sought-after Dufferin & Eglinton neighbourhood! Offering exceptional flexibility and impressive income potential, this one-of-a-kind property is ideal for families, investors, or those looking to offset their mortgage with multiple revenue streams.The fully updated main residence showcases a bright, modern layout with quality finishes throughout, making it completely move-in ready. Complementing the home is a self-contained basement apartment, currently rented for $1,750/month, and an architecturally distinctive, fully detached garden suite generating $3,000/month, providing outstanding cash flow from day one.Featured by Laneway Housing Advisors as one of Toronto's most unique garden suites, this exceptional addition sets the property apart with its thoughtful design, functionality, and rare appeal. Whether you're seeking a multi-generational living arrangement, a premium investment opportunity, or a home with significant mortgage-helper income, the possibilities are endless.Located in the heart of a vibrant midtown community, you'll enjoy easy access to transit, schools, parks, shopping, restaurants, and everyday amenities. A rare turnkey opportunity to own a beautifully updated home with exceptional rental income and one of Toronto's most distinctive garden suites.
Key facts
- Property type
- Other, Bungalow-Raised
- MLS®
- W13629760
- Bedrooms
- 6 (4 + 2)
- Bathrooms
- 5 (1 half)
- Size
- 1500-2000
- Lot
- 64.19 × 88.58 ft
- Cross streets
- Dufferin and Eglinton
- Parking
- 2 parking
- Basement
- Apartment, Separate Entrance, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Property tax
- $5,852 / 2025
- Listing brokerage
- ZOLO REALTY
Listed at $1,799,000, and my independent estimate is within the range of comparable homes, on the higher side.
In Caledonia-Fairbank lately, sellers get about 98% of asking; homes sell in ~27 days.
Total price vs nearby homes. Fair value about $1.62M, median of 7 comparables.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 7 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.11M, lower than the comparables and worth a second look.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Fairbank Memorial Community 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
There were not many closely comparable homes right in Caledonia-Fairbank, so I widened the search to the surrounding area.
Based on 7 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 35% above the area average of $760/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Caledonia-Fairbank, 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.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.04% via Ratehub.ca (as of July 31, 2026); conventional rates run a little higher.
Mortgage amount $1,439,200 · 4.19% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,719
- Property tax
- $488
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,207
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,455
- Toronto municipal land transfer tax
- $32,455
- Estimated closing costs
- $64,910
Plus your down payment of $359,800. 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
- $463,167
- Principal paid down
- $182,206
- Interest paid
- $280,961
- Balance remaining
- $1,256,994
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
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 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 ZOLO REALTY. MLS®/PropTx.