3 Cowley Avenue, Toronto, ON

Islington-City Centre West, Toronto · MLS® W13784526

$3,499,900
For Sale
Listed 34 days agoNo offer date stated
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4Bedrooms
5Bathrooms
2Garage · 7 parking
3500-5000Sq ft

About this home

In short

  • Welcome to 3 Cowley Ave, a truly special home offering an exceptional combination of space, style and lifestyle in the heart of Etobicoke.
  • The spacious interior offers well-proportioned principal rooms designed for both comfortable family living and entertaining complete with full automation with Control4 .
  • Outside, the private backyard becomes an extension of the home, featuring a saltwater pool, outdoor shower and gazebo that make summer entertaining and relaxing...
  • 3 Cowley Ave is more than just a home - it is a place designed for enjoying family life, entertaining friends and creating lasting family memories.

Welcome to 3 Cowley Ave, a truly special home offering an exceptional combination of space, style and lifestyle in the heart of Etobicoke. From the moment you arrive, the home's inviting presence and thoughtful design set the tone for what awaits inside. The spacious interior offers well-proportioned principal rooms designed for both comfortable family living and entertaining complete with full automation with Control4 . The home features a warm and welcoming atmosphere with generous living spaces, quality finishes and a layout that provides both functionality and versatility for today's family. The finished lower level, with walk up entrance, adds valuable living and entertaining space, highlighted by a dedicated theatre room that creates the perfect setting for movie nights, sporting events and family gatherings. Outside, the private backyard becomes an extension of the home, featuring a saltwater pool, outdoor shower and gazebo that make summer entertaining and relaxing effortless. For the automotive enthusiast or hobbyist, the heated garage is an exceptional feature for your collection or additional workspace. It is a rare offering that adds both practicality and serious appeal with the added peace of mind of security shutters. 3 Cowley Ave is more than just a home - it is a place designed for enjoying family life, entertaining friends and creating lasting family memories. Ideally situated in Etobicoke with convenient access to parks, schools, shopping, transit and major highways, this is an opportunity to own a home with character, versatility and amenities that are rarely found together.

Key facts

Property type
Detached, 2-Storey
MLS®
W13784526
Bedrooms
4
Bathrooms
5 (1 half)
Size
3500-5000 sq ft
Lot
58 × 150 ft
Cross streets
Burnhamthorpe and Martin Grove
Parking
2 garage · 7 parking (built-in)
Driveway
Private
Basement
Finished, Walk-Up
Heating
Forced Air
A/C
Central Air
Exterior
Stone, Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Pool
Inground, Salt
Property tax
$14,670 / 2026
Days on market
34
Listing brokerage
RE/MAX PREMIER INC.

Rooms

Media RoomBasement6.00 × 4.00 m
DenMain3.00 × 3.00 m

B/I Desk

RecreationBasement13.00 × 4.27 m

b/i bar · walk-up · fireplace

Living RoomMain4.24 × 4.24 m

Cathedral Ceiling(s)

Family RoomMain4.55 × 5.45 m

Gas Fireplace

KitchenMain7.42 × 4.55 m

eat-in kitchen · b/i appliances · centre island

LaundryMain4.08 × 1.89 m

side door · access to garage

Bedroom 2Second4.10 × 4.19 m

4 pc ensuite · walk-in closet(s)

Bedroom 4Second4.45 × 4.59 m

semi ensuite · walk-in closet(s)

Dining RoomMain4.25 × 4.72 m
Utility RoomBasement3.50 × 4.00 m
Bedroom 3Second4.20 × 4.30 m

Semi Ensuite

Primary BedroomSecond5.53 × 5.73 m

5 pc ensuite · 2 way fireplace · juliette balcony

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 Bloorlea Middle 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 Islington-City Centre West · asking prices
$2.67Mavg asking

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

Per square foot, these ask about $628/sqft; this home lists at $824/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
3.50MThis home2.70M2.59M2.88M2.50MThis home vs active comparables

Neighbourhood & location

Islington-City Centre West, 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.

Stonegate-Queensway
$2.25M
Dovercourt-Wallace Emerson-Junction
$1.25M
Leaside
$2.15M
St. Andrew-Windfields
$4.10M
Banbury-Don Mills
$5.50M

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 Bloorlea Middle School
70%
Bloorlea Middle SchoolPublic · Elementary · 1.7 km awayAround the GTA average · 70% meet the provincial standard
West Glen Junior SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
West Glen Junior School · Public elementary0.8 km · 57% at standard
Wedgewood Junior School · Public elementary0.9 km · 79% at standard
Burnhamthorpe Collegiate Institute · Public secondary1.0 km
Our Lady of Peace Catholic School · Catholic elementary1.1 km · 71% at standard
Rosethorn Junior School · Public elementary1.3 km · 65% at standard
Josyf Cardinal Slipyj Catholic School · Catholic elementary1.4 km · 83% at standard
Broadacres Junior Public School · Public elementary1.7 km · 55% at standard
John G Althouse Middle School · Public elementary1.7 km · 88% at standard
Nativity of Our Lord Catholic School · Catholic elementary1.9 km · 68% at standard
Islington Junior Middle School · Public elementary2.0 km · 66% at standard
St Elizabeth Catholic School · Catholic elementary2.0 km · 82% at standard
Wellesworth Junior School · Public elementary2.1 km · 58% at standard

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

Affordability & Mortgage

Affordability
$15,951/mo
$648KIncome needed
5.4×Price ÷ income
$3,681Weekly cost
$152,944Land 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 $15,951Property tax $1,223Total carry $17,174

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

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)
$15,481per month

Mortgage amount $2,799,920 · 4.49% over 25 years

$699,980Down payment (20.0%)
$2,799,920Loan before insurance
$0CMHC premium
$16,704Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$15,481
Property tax
$1,223
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$16,704

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

One-time closing costs

Ontario land transfer tax
$73,973
Toronto municipal land transfer tax
$78,972
Estimated closing costs
$152,944

Plus your down payment of $699,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$18,738/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

$1,844,451Total interest paid
$4,644,371Total of all payments
Principal $2,799,920 Interest $1,844,451
YearPrincipalInterestBalance
1$62,482$123,293$2,737,438
2$65,319$120,456$2,672,118
3$68,285$117,490$2,603,833
4$71,385$114,389$2,532,448
5$74,627$111,148$2,457,821
6$78,015$107,760$2,379,807
7$81,557$104,218$2,298,249
8$85,260$100,515$2,212,989
9$89,131$96,644$2,123,858
10$93,178$92,597$2,030,680
11$97,409$88,366$1,933,271
12$101,832$83,943$1,831,439
13$106,455$79,320$1,724,984
14$111,289$74,486$1,613,695
15$116,342$69,433$1,497,354
16$121,624$64,151$1,375,730
17$127,146$58,629$1,248,583
18$132,919$52,856$1,115,664
19$138,954$46,821$976,710
20$145,263$40,512$831,447
21$151,859$33,916$679,588
22$158,754$27,021$520,834
23$165,962$19,813$354,872
24$173,497$12,278$181,375
25$181,375$4,400$0

At the end of your 5-year term

Total paid over the term
$928,874
Principal paid down
$342,099
Interest paid
$586,776
Balance remaining
$2,457,821

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$7,350/mo
$88,200Gross annual rent
1.8%Cap rate after taxes and upkeep

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.

2.5%
Gross yield
− Property tax $14,670− Insurance $1,400− Vacancy & upkeep $9,702Net operating income $62,428

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PREMIER INC.. MLS®/PropTx.

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