53 Burrows Avenue, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13757370
About this home
In short
- Welcome to 53 Burrows Ave, a beautifully updated bungalow situated on a rare 65-foot premium lot in one of Etobicoke's most sought-after neighbourhoods.
- The property sits amongst custom built homes, surrounded by multi-million-dollar residences, offering a rare opportunity for families, investors, and builders alike.
- The main floor features 3 spacious bedrooms, a bright open-concept layout, new flooring throughout, and an upgraded kitchen with stainless steel appliances, granite...
- The finished basement offers a separate entrance, 2 large bedrooms, a spacious recreation room, and a full 4-piece bathroom, adding excellent flexibility for extended...
- One of the few remaining 65-foot-wide lots in the area, this property stands out for its size, setting, and long-term upside.
Welcome to 53 Burrows Ave, a beautifully updated bungalow situated on a rare 65-foot premium lot in one of Etobicoke's most sought-after neighbourhoods.The property sits amongst custom built homes, surrounded by multi-million-dollar residences, offering a rare opportunity for families, investors, and builders alike. The main floor features 3 spacious bedrooms, a bright open-concept layout, new flooring throughout, and an upgraded kitchen with stainless steel appliances, granite countertops, and plenty of cabinet space. The L-shaped living and dining rooms provide a practical, comfortable flow, while large windows bring in an abundance of natural light. Oversize sliding doors open to a large walkout deck overlooking a private, lush backyard with mature trees-perfect for outdoor relaxation, kids, or entertaining. The finished basement offers a separate entrance, 2 large bedrooms, a spacious recreation room, and a full 4-piece bathroom, adding excellent flexibility for extended family, guests, or future income potential. One of the few remaining 65-foot-wide lots in the area, this property stands out for its size, setting, and long-term upside. It offers potential for severance and redevelopment into two single-family homes, subject to city approval. Located on a quiet, family-friendly street with sidewalks on both sides, the home is close to highly regarded schools, a TTC bus stop just a 2-minute walk away, and quick access to the subway. Commuting is easy with nearby access to Highways 401, 427, and 400, as well as The Queensway, Lake Shore Boulevard, and Pearson Airport. Enjoy nearby green space including a creek with walking and cycling trails, and a golf course just across the street. A rare combination of location, lot size, and future potential makes this a standout opportunity in a rapidly changing neighborhood. Properties like this are in high demand and seldom come available-this is one you do not want to miss.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13757370
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 65 × 112.17 ft
- Cross streets
- Kipling & Rathburn
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,123 / 2025
- Days on market
- 41
- Listing brokerage
- Initia Real Estate
Rooms
broadloom · window · 4 pc ensuite
tile floor · stainless steel appl · granite counters
broadloom · window
vinyl floor · large window · closet
vinyl floor · large window · closet
vinyl floor · l-shaped room · w/o to deck
vinyl floor · open concept · large window
vinyl floor · large window · closet
broadloom · window · large closet
Listed at $1,389,000. Going by how homes in Islington-City Centre West and the wider GTA have actually closed against their asking prices (about 97%, 36 local closings in 90 days), the likely sale price is near $1.35M, if it sells. A realistic range is $1.26M to $1.52M.
Independent value check: $1.28M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.20M and $1.34M).
Why $1.28M. The typical detached home sold in Islington-City Centre West over the past year went for about $1.32M (131 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it slightlyIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it slightly3+2 bedrooms and 2 baths, against 3+1 and 3 typically.
Total price vs nearby homes. Likely closing about $1.35M, from 36 recent closings in this pocket.
The market behind the math:
About 1 months of inventory: 12 detached homes for sale in the area against 36 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,068/sqft against an area asking average of $1,046/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Islington-City Centre West: 29 of the 171 detached leases here lately were basement units, around $2,100 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 36 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.28M. Condition and finishes remain an in-person call.
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
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (John G Althouse Middle School) tests around the provincial average, a steady, family-friendly draw. The full EQAO 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 ($1,068/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 36 comparable homes that sold in Islington-City Centre West over the past two years, from 254 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $956/sqft; this home lists at $1,068/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Islington-City Centre West: $1.24M in September 2026, up 5% from a year ago, on 131 closings in 11 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.47M | 15 |
| November 2025 | $1.42M | 16 |
| December 2025 | $1.40M | 10 |
| February 2026 | $1.52M | 8 |
| March 2026 | $1.19M | 6 |
| April 2026 | $1.51M | 16 |
| May 2026 | $1.24M | 14 |
| June 2026 | $1.23M | 14 |
| July 2026 | $1.16M | 8 |
| August 2026 | $2.13M | 9 |
| September 2026 | $1.24M | 15 |
Neighbourhood & location
Islington-City Centre West, 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.
Also nearby: 12 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
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 $1,111,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,144
- Property tax
- $510
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,654
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,255
- Toronto municipal land transfer tax
- $24,255
- Estimated closing costs
- $48,510
Plus your down payment of $277,800. 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
- $368,641
- Principal paid down
- $135,768
- Interest paid
- $232,873
- Balance remaining
- $975,432
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
The suite is real income here: basements rent in Islington-City Centre West (29 of 171 recent detached leases were basement units, around $2,100 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,100 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 46 whole-home leases in Islington-City Centre West signed at a median of $3,688 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,681. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Initia Real Estate. MLS®/PropTx.