4 Lunness Road, Toronto, ON
Alderwood, Toronto · MLS® W13637958
About this home
In short
- Prime Alderwood new build boasting 2800 sq. ft of finished living space.
- This 5 bedroom, 5 bath home is flooded with light and has been meticulously designed and built with the upmost quality.
- The modern custom kitchen is an absolute showstopper with loads of custom Walnut cabinetry, stunning quarts counters, backsplash and designer lighting, perfect for...
- Two of the 4 bedrooms on the upper level have ensuite baths, the primary ensuite is just stunning with a stand alone soaker tub, separate glass shower, double vanity...
- If you are looking for the perfect modern newly built family, or entertaining home, your search stops here.
Prime Alderwood new build boasting 2800 sq. ft of finished living space. This 5 bedroom, 5 bath home is flooded with light and has been meticulously designed and built with the upmost quality. A fantastic blend of form and function. The modern custom kitchen is an absolute showstopper with loads of custom Walnut cabinetry, stunning quarts counters, backsplash and designer lighting, perfect for entertaining and family life! The large main floor family room is stunning with custom built-ins and large modern fireplace. The mantle niche has been built to accommodate a 70" television. Two of the 4 bedrooms on the upper level have ensuite baths, the primary ensuite is just stunning with a stand alone soaker tub, separate glass shower, double vanity and a 15 ft. width! The lover level 5th bedroom, family room and full bath has an amazing 11 ft. ceiling height and large sliding patio doors which floods the space with natural light. With direct access to the Gardiner/QEW and 427, you could not ask for a better location. If you are looking for the perfect modern newly built family, or entertaining home, your search stops here!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13637958
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 25 × 120 ft
- Cross streets
- Brown's Line & Evans Ave
- Parking
- 1 garage · 2 parking (none)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,019 / 2026
- Days on market
- 76
- Listing brokerage
- ROYAL LEPAGE ESTATE REALTY
Rooms
W/O To Garden
closet · closet · 3 pc ensuite
hardwood floor · modern kitchen · quartz counter
hardwood floor · pot lights · open concept
soaking tub · separate shower · double sink
closet · hardwood floor · b/i shelves
hardwood floor · gas fireplace · overlooks backyard
hardwood floor · w/w closet · 5 pc ensuite
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readThe assigned public school is Lanor Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Neighbourhood & location
Alderwood, Toronto, ON
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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: 6 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,399,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,736
- Property tax
- $335
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,071
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $31,455
- Toronto municipal land transfer tax
- $31,455
- Estimated closing costs
- $62,910
Plus your down payment of $349,800. 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
- $464,185
- Principal paid down
- $170,956
- Interest paid
- $293,229
- Balance remaining
- $1,228,244
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 ROYAL LEPAGE ESTATE REALTY. MLS®/PropTx.