515-25 Neighbourhood Lane, Toronto, ON

Stonegate-Queensway, Toronto · MLS® W13629828

$589,000
For Sale
Listed 79 days agoNo offer date statedSitting longer than typical
Request a showing
◎ Directions
2+1Bedrooms
2Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • 2 Bedroom + Large Den, Open Concept Floor Plan with lots of Natural Light and Floor to Ceiling Windows.
  • 9Ft Ceilings with East Facing Views from your Spacious Balcony.
  • 828 interior living space with 98sqft balcony for a total of 926sqft of functional living space.
  • Steps to Public Transit, Major Highways, Restaurants, Shopping, Humber River, Waterfront.

2 Bedroom + Large Den, Open Concept Floor Plan with lots of Natural Light and Floor to Ceiling Windows. 9Ft Ceilings with East Facing Views from your Spacious Balcony. 828 interior living space with 98sqft balcony for a total of 926sqft of functional living space. Enjoy these Elegant Finishes in a Cozy Boutique Low Rise Condominium. Amenities include: Roof Top Terrace, Party Room, Guest Suites, BBQ area, Fitness Center. Steps to Public Transit, Major Highways, Restaurants, Shopping, Humber River, Waterfront. Minutes from Go Station and Old Mill Subway Station.

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13629828
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
800-899 sq ft
Cross streets
Parklawn / Queensway
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Maintenance
$753/mo
Exposure
East
Property tax
$2,843 / 2025
Days on market
79
Listing brokerage
RE/MAX PREMIER INC.

Rooms

Living RoomMain6.32 × 4.60 m

w/o to balcony · combined w/dining · open concept

KitchenMain6.32 × 4.60 m

stainless steel appl · stainless steel sink · backsplash

Primary Bedroom3.20 × 3.00 m

window floor to ceiling · 3 pc ensuite · mirrored closet

Bedroom 22.90 × 2.70 m

mirrored closet · hardwood floor

Dining RoomMain6.32 × 4.60 m

open concept · combined w/living · window floor to ceiling

FoyerMain0.00 × 0.00 m

mirrored closet · combined w/laundry · 4 pc bath

DenMain2.74 × 1.40 m

open concept · hardwood floor

Our TakeTeam Asgarian · Broker
No automatic estimate

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 read

Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

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.

Dovercourt-Wallace Emerson-Junction
$640K
Niagara
$724K
Markland Wood
$680K
Waterfront Communities C1
$610K
Kensington-Chinatown
$585K

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 Étienne Brûlé Junior School
79%
Étienne Brûlé Junior SchoolPublic · Elementary · 0.3 km awayAbove the GTA average · 79% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Swansea Junior and Senior Junior and Senior Public School · Public elementary1.1 km · 78% at standard
Karen Kain School of the Arts · Public elementary1.2 km · 76% at standard
Bishop Allen Academy Catholic Secondary School · Catholic secondary1.4 km · 88% at standard
Etobicoke School of the Arts · Public secondary1.4 km · 80% at standard
St Pius X Catholic School · Catholic elementary1.5 km · 82% at standard
Sunnylea Junior School · Public elementary1.5 km · 96% at standard
St Louis Catholic School · Catholic elementary1.7 km · 76% at standard
George R Gauld Junior School · Public elementary2.1 km · 73% at standard
David Hornell Junior School · Public elementary2.1 km · 68% at standard
Castlebar Junior School · Public elementary2.2 km · 82% at standard
Runnymede Junior and Senior Public School · Public elementary2.2 km · 92% at standard
Norseman Junior Middle School · Public elementary2.2 km · 77% at standard

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

Affordability & Mortgage

Affordability
$2,684/mo
$127KIncome needed
4.6×Price ÷ income
$619Weekly cost
$16,510Land 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.

73%mortgage
Mortgage $2,684Property tax $237Condo fee $753Total carry $3,675

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,605per month

Mortgage amount $471,200 · 4.49% over 25 years

$117,800Down payment (20.0%)
$471,200Loan before insurance
$0CMHC premium
$3,595Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,605
Property tax
$237
Condo / maintenance fees
$753
Heating
$0
Estimated monthly cost
$3,595

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

One-time closing costs

Ontario land transfer tax
$8,255
Toronto municipal land transfer tax
$8,255
Estimated closing costs
$16,510

Plus your down payment of $117,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,153/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

$310,404Total interest paid
$781,604Total of all payments
Principal $471,200 Interest $310,404
YearPrincipalInterestBalance
1$10,515$20,749$460,685
2$10,993$20,272$449,692
3$11,492$19,772$438,200
4$12,013$19,251$426,187
5$12,559$18,705$413,628
6$13,129$18,135$400,499
7$13,725$17,539$386,774
8$14,348$16,916$372,425
9$15,000$16,264$357,425
10$15,681$15,583$341,744
11$16,393$14,871$325,351
12$17,137$14,127$308,214
13$17,915$13,349$290,298
14$18,729$12,535$271,570
15$19,579$11,685$251,990
16$20,468$10,796$231,522
17$21,398$9,867$210,125
18$22,369$8,895$187,756
19$23,385$7,879$164,371
20$24,446$6,818$139,925
21$25,556$5,708$114,368
22$26,717$4,547$87,651
23$27,930$3,334$59,722
24$29,198$2,066$30,524
25$30,524$740$0

At the end of your 5-year term

Total paid over the term
$156,321
Principal paid down
$57,572
Interest paid
$98,749
Balance remaining
$413,628

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$2,700/mo
$32,400Gross annual rent
2.8%Cap rate after taxes and upkeep

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.

5.5%
Gross yield
− Property tax $2,843− Condo fees $9,040− Insurance $600− Vacancy & upkeep $3,564Net operating income $16,353

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PREMIER INC.. MLS®/PropTx.

CallRequest a showing