15 Madonna Gardens, Toronto, ON
Humber Summit, Toronto · MLS® W13633466
About this home
Offers Anytime ! Beautifully renovated Toronto bungalow with in-law suite potential 2 full kitchens, 2 full bathrooms, and 3 separate entrances Thoughtfully upgraded throughout with pot lighting, laminate flooring, renovated bathrooms, and modern, family-sized eat-in kitchens Both levels offer a bright, open-concept layout filled with natural light The main floor features a stylish updated kitchen overlooking the open living and dining area, which walks out to a large balcony, plus an updated bathroom and 3 spacious bedrooms The finished lower level offers excellent flexibility,garage and a separate walk-up entrance at the rear. It includes a large eat-in kitchen, a renovated bathroom, a wet bar, and above-grade windows that keep the space bright along with potential for shared laundry and a separate cold room Outside, enjoy a double driveway and garage for ample parking, plus a low-maintenance, fully fenced backyard with a stone patio All this in a fantastic location just steps to TTC access, shops, schools, parks, and more.
Key facts
- Property type
- Semi-Detached, Bungalow-Raised
- MLS®
- W13633466
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 32.3 × 134.82 ft
- Cross streets
- South of Steeles East of Islington
- Parking
- 1 garage · 3 parking (built-in)
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,906 / 2025
- Days on market
- 38
- Listing brokerage
- RE/MAX PREMIER INC.
Rooms
family size kitchen · eat-in kitchen · laminate
laminate · pot lights · w/o to balcony
4 pc bath · overlooks backyard · double closet
separate room · unfinished
laminate · window · closet
laminate · pot lights · w/o to yard
laminate · open concept · pot lights
separate room · unfinished
ceramic floor · open concept · pot lights
renovated · stainless steel appl · family size kitchen
laminate · wet bar · above grade window
ceramic floor · open concept
laminate · overlooks backyard · closet
Listed at $888,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $857K, typically $807K to $901K. Comparable closings on their own put this home around $784K, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
Second read, from the city assessment: $871K. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
The seller takes offers anytime, so there is no bidding date to plan around and room to negotiate on timing and conditions.
Total price vs nearby homes. Fair value about $857K, median of 61 comparables.
The market behind the math:
About 3.8 months of inventory: 15 semi-detached homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $683/sqft against an area asking average of $650/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Humber Summit: 10 of the 37 detached leases here lately were basement units, around $1,750 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 61 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), 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 $871K, a close match.
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
- Open-concept layout: modern, sought-after flow. 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 Humber Summit Middle 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 Humber Summit, so I widened the search to the surrounding area.
Based on 61 comparable homes that sold in Humber Summit over the past two years, from 89 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $672/sqft; this home lists at $683/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Humber Summit, 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: 10 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 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $710,400 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,830
- Property tax
- $326
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,155
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,235
- Toronto municipal land transfer tax
- $14,235
- Estimated closing costs
- $28,470
Plus your down payment of $177,600. 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
- $229,791
- Principal paid down
- $89,409
- Interest paid
- $140,381
- Balance remaining
- $620,991
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
The suite is real income here: basements rent in Humber Summit (10 of 37 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 12 whole-home leases in Humber Summit signed at a median of $3,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,000. 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 RE/MAX PREMIER INC.. MLS®/PropTx.