16 Pipestone Place, Toronto, ON
Elms-Old Rexdale, Toronto · MLS® W13681118
About this home
Welcome to The Elms! Located on a quiet, family-friendly court in the established Elms-Old Rexdale neighbourhood, this well-kept bungalow is being offered for sale by the estate of its original owner. Lovingly maintained over the years and largely in its original condition, this is an excellent opportunity for buyers looking to renovate, update or create their own vision. The home offers 3 bedrooms, 2 bathrooms and a finished basement, providing a versatile layout with plenty of potential. Situated on an impressive pie-shaped, fully fenced lot measuring approximately 44.10' x 120.15' x 75.09' x 126.80', there is an abundance of outdoor space for children, pets, gardening and entertaining. A double attached garage provides excellent parking and storage. The location offers an exceptional combination of nature, recreation and convenience. The Humber River runs through the area, providing walking trails and abundant greenspace, with Pine Point Park, Elms Community Pool, Berry Creek and Humber Valley Golf Course all nearby. Conveniently located close to Humber College & Arboretum, Etobicoke General Hospital, Woodbine Racetrack & Entertainment Complex and Toronto Pearson International Airport, with TTC bus service, Finch LRT, Etobicoke North GO and Highway 401 providing excellent transportation options. An extensive selection of shopping and everyday amenities is also close at hand, including Costco, Walmart, Home Depot, Canadian Tire, Woodbine Mall, Giant Tiger and Dollarama. A rare opportunity to acquire an original-owner home on an exceptional lot in a quiet court, with tremendous potential to renovate and make it your own.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13681118
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 44.1 × 120.15 ft
- Cross streets
- Shendale Drive & Albion Road
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Veneer, Stone
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,750 / 2026
- Listing brokerage
- POPE REAL ESTATE LIMITED
Listed at $799,990, and my independent estimate is about 13% below comparable homes, worth a close look.
In Elms-Old Rexdale lately, sellers get about 98% of asking; homes sell in ~29 days.
Total price vs nearby homes. Fair value about $919K, median of 60 comparables.
How this estimate is builtthe short version
I take the 60 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 $1.06M, a bit higher.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is The Elms 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.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Shendale Drive is about a 2-minute walk away.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Elms-Old Rexdale, so I widened the search to the surrounding area.
Based on 60 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 8 active listings nearby.
See all comparable homesThis home lists 16% below the area average of $728/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Elms-Old Rexdale, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from OpenStreetMap contributors.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Shendale Drive, about 186 m away
Within a 15-minute (1.5 km) walk.
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
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of August 14, 2026); conventional rates run a little higher.
Mortgage amount $639,992 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,450
- Property tax
- $396
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,846
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,475
- Toronto municipal land transfer tax
- $12,475
- Estimated closing costs
- $24,950
Plus your down payment of $159,998. 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
- $207,016
- Principal paid down
- $80,548
- Interest paid
- $126,468
- Balance remaining
- $559,444
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
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 POPE REAL ESTATE LIMITED. MLS®/PropTx.