34 Fairfield Avenue, Toronto, ON
Long Branch, Toronto · MLS® W13682546
About this home
Situated In The Highly Desirable Long Branch Community, This Well-Maintained 3 Bedroom, 2 Bathroom Home Offers Approximately 2,100 Sq. Ft. Of Living Space And Sits On A Premium 50 X 125 Ft. Lot. A Unique Investment And Development Opportunity With A Registered Severance In Place To Create Two 25 Ft. Frontage Lots, Along With Approved And Paid Permits For One Custom Home On Each Lot, Municipally Addressed As 34 & 36 Fairfield Ave. An Excellent Opportunity For Investors, Builders Or End Users, Maintain The Existing Home As A Rental/Investment Property Or Take Advantage Of The Severance And Permits To Build Two New Custom Homes. Ideally Located In One Of Etobicoke's Most Sought-After Neighbourhoods, Close To Parks, Schools, Transit, The Waterfront And Everyday Amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13682546
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 2000-2500
- Lot
- 50 × 125 ft
- Cross streets
- Twenty Sixth / Lakeshore
- Parking
- 2 garage · 10 parking (detached)
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Front
- Foundation
- Other
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,612 / 2026
- Listing brokerage
- SALERNO REALTY INC.
Rooms
hardwood floor · beamed ceilings · large closet
Ceramic Floor
closet · double doors
hardwood floor · large window
hardwood floor · window
ceramic floor · eat-in kitchen
4 pc bath · ceramic floor
hardwood floor · window
ceramic floor · w/o to patio
hardwood floor · picture window
Listed at $1,649,000, and my independent estimate is about 9% above what comparable homes suggest.
In Long Branch lately, sellers get about 99% of asking; homes sell in ~21 days.
Total price vs nearby homes. Fair value about $1.51M, median of 13 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 13 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 $1.10M, lower than the comparables and worth a second look.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Twentieth Street Junior 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
Priced above comparable homes overall, but the price per square foot ($733/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Long Branch, so I widened the search to the surrounding area.
Based on 13 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 active listings nearby.
See all comparable homesThis home lists 12% below the area average of $829/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Long Branch, 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 4.09% via Ratehub.ca (as of August 17, 2026); conventional rates run a little higher.
Mortgage amount $1,319,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,112
- Property tax
- $384
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,496
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,455
- Toronto municipal land transfer tax
- $29,455
- Estimated closing costs
- $58,910
Plus your down payment of $329,800. 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
- $426,717
- Principal paid down
- $166,032
- Interest paid
- $260,686
- Balance remaining
- $1,153,168
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 SALERNO REALTY INC.. MLS®/PropTx.