497 Nairn Avenue, Toronto, ON

Caledonia-Fairbank, Toronto · MLS® W13702004

$1,249,000
For Sale
Listed 59 days agoNo offer date stated
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4+2Bedrooms
3Bathrooms
2Garage · 4 parking
1500-2000Sq ft

About this home

In short

  • Welcome Home To This Fabulous Triplex.
  • Three, 2 Bedroom Large Units W/ 2 Separate Entrances To Each Apartment.
  • Fully Leased W/ Tenants On Month-Month, Separate Hydro Meters, Newer Stucco On Top Of The Existing Brick.
  • Large Double Garage + 2 Parking Spaces Wide Mutual Driveway.
  • Steps To The New Eglinton LRT Subway.

Welcome Home To This Fabulous Triplex! Well Maintained W/ Many Upgrades. Three, 2 Bedroom Large Units W/ 2 Separate Entrances To Each Apartment. Fully Leased W/ Tenants On Month-Month, Separate Hydro Meters, Newer Stucco On Top Of The Existing Brick. Large Double Garage + 2 Parking Spaces Wide Mutual Driveway. Bsmt Water Proofed. Steps To The New Eglinton LRT Subway. Coin Laundry.

Key facts

Property type
Other, 2-Storey
MLS®
W13702004
Bedrooms
4+2 (6 total)
Bathrooms
3
Size
1500-2000 sq ft
Lot
25 × 124.5 ft
Cross streets
Caledonia / Eglinton Ave W
Parking
2 garage · 4 parking (detached)
Driveway
Mutual
Basement
Apartment, Finished with Walk-Out
Kitchens
3 (2 + 1)
Heating
Radiant
A/C
Window Unit(s)
Exterior
Stucco (Plaster), Brick
Foundation
Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$5,520 / 2025
Days on market
59
Listing brokerage
RIGHT AT HOME REALTY

Rooms

KitchenLower2.43 × 3.36 m

quartz counter · stainless steel appl

Dining RoomThird2.66 × 3.53 m

hardwood floor · combined w/living · window

Dining RoomSecond2.66 × 3.53 m

hardwood floor · window · combined w/living

BathroomLower1.47 × 3.36 m

tile floor · soaking tub · window

Living RoomThird4.86 × 4.40 m

hardwood floor · window · combined w/dining

BathroomThird1.59 × 2.06 m

4 pc bath · soaking tub

Bedroom 2Lower2.42 × 3.66 m

window · laminate

Living RoomSecond4.86 × 4.40 m

hardwood floor · open concept · combined w/dining

Bedroom 2Third2.65 × 3.52 m

hardwood floor · window

KitchenSecond2.72 × 3.53 m

stainless steel appl · window

Bedroom 2Second2.65 × 3.47 m

closet · window

BedroomLower2.90 × 4.69 m

window · laminate

BedroomThird2.71 × 4.69 m

window · closet · hardwood floor

Living RoomLower4.58 × 4.40 m

casement windows · combined w/kitchen

KitchenThird2.72 × 3.53 m

ceramic backsplash · ceramic floor · eat-in kitchen

BedroomSecond2.72 × 4.69 m

hardwood floor · window · ceiling fan(s)

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

The assigned public school is Fairbank Memorial Community School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Caledonia-Fairbank · asking prices
$1.07Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest listings on the market.

Per square foot, these ask about $754/sqft; this home lists at $714/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
1.25MThis home1.30M1.06M850kThis home vs active comparables

Neighbourhood & location

Caledonia-Fairbank, 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
$917K
Niagara
$789K
Leaside
$2.80M
Waterfront Communities C1
$559K
Stonegate-Queensway
$999K

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 Fairbank Memorial Community School
66%
Fairbank Memorial Community SchoolPublic · Elementary · 0.1 km awayBelow the GTA average · 66% meet the provincial standard
Frank Oke Secondary SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
St Thomas Aquinas Catholic School · Catholic elementary0.9 km · 74% at standard
D'Arcy McGee Catholic School · Catholic elementary1.0 km · 48% at standard
F H Miller Junior Public School · Public elementary1.0 km · 78% at standard
St Nicholas of Bari Catholic School · Catholic elementary1.1 km · 59% at standard
Silverthorn Community School · Public elementary1.3 km · 65% at standard
J R Wilcox Community School · Public elementary1.5 km · 72% at standard
Rawlinson Community School · Public elementary1.5 km · 63% at standard
Stella Maris Catholic School · Catholic elementary1.6 km · 76% at standard
Charles E Webster Public School · Public elementary1.6 km · 47% at standard
General Mercer Junior Public School · Public elementary1.7 km · 54% at standard
St Matthew Catholic School · Catholic elementary1.7 km · 63% at standard
York Memorial Collegiate Institute · Public secondary1.7 km · 50% at standard

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

Affordability & Mortgage

Affordability
$5,693/mo
$234KIncome needed
5.3×Price ÷ income
$1,314Weekly cost
$42,910Land 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.

93%mortgage
Mortgage $5,693Property tax $460Total carry $6,153

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)
$5,525per month

Mortgage amount $999,200 · 4.49% over 25 years

$249,800Down payment (20.0%)
$999,200Loan before insurance
$0CMHC premium
$5,985Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,525
Property tax
$460
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,985

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

One-time closing costs

Ontario land transfer tax
$21,455
Toronto municipal land transfer tax
$21,455
Estimated closing costs
$42,910

Plus your down payment of $249,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,687/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

$658,224Total interest paid
$1,657,424Total of all payments
Principal $999,200 Interest $658,224
YearPrincipalInterestBalance
1$22,298$43,999$976,902
2$23,310$42,987$953,592
3$24,369$41,928$929,223
4$25,475$40,822$903,748
5$26,632$39,665$877,116
6$27,841$38,456$849,275
7$29,105$37,192$820,170
8$30,427$35,870$789,744
9$31,808$34,489$757,936
10$33,252$33,045$724,683
11$34,762$31,535$689,921
12$36,340$29,957$653,581
13$37,990$28,307$615,590
14$39,715$26,582$575,875
15$41,519$24,778$534,357
16$43,404$22,893$490,953
17$45,374$20,923$445,579
18$47,435$18,862$398,144
19$49,588$16,709$348,556
20$51,840$14,457$296,716
21$54,193$12,104$242,523
22$56,654$9,643$185,869
23$59,226$7,071$126,642
24$61,916$4,381$64,727
25$64,727$1,570$0

At the end of your 5-year term

Total paid over the term
$331,485
Principal paid down
$122,084
Interest paid
$209,401
Balance remaining
$877,116

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$3,150/mo
$37,800Gross annual rent
2.1%Cap rate after taxes and upkeep

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 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.

3.0%
Gross yield
− Property tax $5,520− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $26,722

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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