14 Spears Street, Toronto, ON
Rockcliffe-Smythe, Toronto · MLS® W13714020
About this home
14 Spears St. - Ravine Lot | Fully Renovated | Separate Basement Entrance | Income Potential Welcome to this beautifully renovated ravine lot offering an ideal blend of style, comfort, functionality and income potential in the desirable Rockcliffe-Smythe neighbourhood. This thoughtfully designed home features 2+2 bedrooms across multiple levels, 3 newly renovated bathrooms, and multiple separate living spaces. The approximately 1,700+ sq. ft. finished living space includes a 700 sq. ft. basement with a separate entrance, offering excellent potential for additional rental income of approximately $1,500/month. The main floor features two spacious bedrooms and a stunning, newly renovated bathroom with a modern standing shower. The bright, open-concept living and dining area flows seamlessly into a stylish, fully renovated kitchen featuring quartz waterfall countertops, a large island and ample preparation and breakfast-bar space. The rear entrance provides convenient access to the fully fenced, private backyard overlooking a beautiful ravine and hilltop setting-perfect for entertaining family and friends throughout the seasons. The second floor is dedicated to a luxurious primary suite, complete with abundant storage cabinetry and a brand-new ensuite bathroom featuring a modern standing shower. The lower level offers an open-concept layout with its own kitchenette, fridge, dishwasher and washer/dryer, currently utilized as a fourth bedroom with a newly renovated ensuite bathroom. The separate entrance provides flexibility for extended family, guests or potential rental use. Additional features include an 11 kW EV charger, private fenced yard and exceptional ravine views. Ideally located minutes from the Stockyards, schools, parks, golf courses, shops, restaurants and major highways. Convenient transit is close by, with TTC service approximately a 3-minute walk away and Weston GO Station approximately a 2-minute drive awa
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- W13714020
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3
- Size
- 1100-1500
- Lot
- 30 × 120 ft
- Cross streets
- Weston Rd. / St Clair Ave W
- Parking
- 8 parking
- Driveway
- Private
- Basement
- Full
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,487 / 2025
- Listing brokerage
- TEAM PANAG REAL ESTATE INC.
Listed at $929,000, and my independent estimate is within the range of comparable homes, on the lower side.
In Rockcliffe-Smythe lately, sellers get about 99% of asking; homes sell in ~28 days.
Total price vs nearby homes. Fair value about $1.03M, median of 57 comparables.
- Ravine / green setting. This home is described as backing onto a ravine or green setting, a premium that comparable-sales math under-prices, so read the estimate as a floor.
How this estimate is builtthe short version
I take the 57 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 $954K, a close match.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Harwood Public 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 Rockcliffe-Smythe, so I widened the search to the surrounding area.
Based on 57 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 7 active listings nearby.
See all comparable homesThis home lists 12% below the area average of $814/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rockcliffe-Smythe, 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
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of August 26, 2026); conventional rates run a little higher.
Mortgage amount $743,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,007
- Property tax
- $374
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,381
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,055
- Toronto municipal land transfer tax
- $15,055
- Estimated closing costs
- $30,110
Plus your down payment of $185,800. 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
- $240,400
- Principal paid down
- $93,537
- Interest paid
- $146,863
- Balance remaining
- $649,663
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 TEAM PANAG REAL ESTATE INC.. MLS®/PropTx.