1113B Islington Avenue, Toronto, ON
Stonegate-Queensway, Toronto · MLS® W13795920
About this home
In short
- Backs onto Fairfield Park Legal studio apartment, previously rented $1,600/mo 11-min walk to Islington station Custom built in 2009 with nearly 2,600 sq ft above...
- High ceilings and oversized windows keep the main floor bright, with hardwood floors, a gas fireplace and a quartz island kitchen.
- The family room opens through two sets of double doors to a 20-ft raised deck over the yard and the park.
- Three skylights light the upper hall, laundry and jack-and-jill bath, and the primary bedroom looks over the park with two walk-in closets and a five-piece ensuite...
- An 11-minute walk to Islington station, minutes to the Gardiner, 427 and Sherway.
** Backs onto Fairfield Park ** Legal studio apartment, previously rented $1,600/mo ** 11-min walk to Islington station ** Custom built in 2009 with nearly 2,600 sq ft above grade, four bedrooms and five bathrooms. High ceilings and oversized windows keep the main floor bright, with hardwood floors, a gas fireplace and a quartz island kitchen. The family room opens through two sets of double doors to a 20-ft raised deck over the yard and the park. Three skylights light the upper hall, laundry and jack-and-jill bath, and the primary bedroom looks over the park with two walk-in closets and a five-piece ensuite with steam shower and jetted tub. The finished lower level is a permitted legal studio apartment with its own entrance, kitchen, four-piece bath and laundry, and now vacant - keep the income, house family, or remove one door and a short wall and it opens up into a large rec room again. Direct access to the garage from the lower level, four-car parking, tankless hot water, and a house that is notably quiet inside. 33 x 132 ft lot. An 11-minute walk to Islington station, minutes to the Gardiner, 427 and Sherway. Norseman JMS, Etobicoke Collegiate, Our Lady of Sorrows and Bishop Allen catchments.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13795920
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 32.99 × 132.03 ft
- Cross streets
- Islington & Bloor
- Parking
- 1 garage · 4 parking (built-in)
- Driveway
- Private Triple
- Basement
- Apartment, Finished, Full, Separate Entrance, Walk-Up, Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,001 / 2025
- Days on market
- 32
- Listing brokerage
- RE/MAX ALL-STARS REALTY INC.
Rooms
tile floor · laundry sink · b/i shelves
tile floor · combined w/kitchen · 4 pc ensuite
hardwood floor · double closet
hardwood floor · double doors · gas fireplace
tile floor · closet · access to garage
hardwood floor · b/i shelves · pot lights
Sump Pump
hardwood floor · 5 pc ensuite · walk-in closet(s)
combined w/living · hardwood floor · open concept
hardwood floor · closet
combined w/dining · hardwood floor · pot lights
centre island · quartz counter · stainless steel appl
hardwood floor · closet · 5 pc bath
Tile Floor
Listed at $1,675,000. Going by how homes in Stonegate-Queensway and the wider GTA have actually closed against their asking prices (about 99%, 36 local closings in 90 days), the likely sale price is near $1.65M, if it sells. A realistic range is $1.55M to $1.86M.
Independent value check: $2.17M. Without looking at the asking price, our model values the home itself about 30% above the ask (homes like it typically land between $2.04M and $2.28M).
Why $2.17M. The typical detached home sold in Stonegate-Queensway over the past year went for about $1.53M (143 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 2,500 to 3,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it strongly4 bedrooms and 5 baths, against 3+1 and 2 typically.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $8,001 a year; the typical home sold here pays about $7,000.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $1.65M, from 36 recent closings in this pocket.
The market behind the math:
About 1.2 months of inventory: 14 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 $609/sqft against an area asking average of $989/sqft.
- Walk-out basement apartment features. A finished walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Stonegate-Queensway: 30 of the 206 detached leases here lately were basement units, around $1,875 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.
- Park / green-space backing. This home is described as backing onto a ravine or green setting, and the listing says so too. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
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 $2.06M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 36 comparable homes that sold in Stonegate-Queensway over the past two years, from 301 closings there.
For sale
For sale
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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 $862/sqft; this home lists at $609/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Stonegate-Queensway: $1.69M in September 2026, up 22% from a year ago, on 153 closings in 12 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 | $1.55M | 12 |
| November 2025 | $1.27M | 8 |
| December 2025 | $1.23M | 5 |
| January 2026 | $1.49M | 8 |
| February 2026 | $1.10M | 11 |
| March 2026 | $1.63M | 12 |
| April 2026 | $1.66M | 19 |
| May 2026 | $1.54M | 19 |
| June 2026 | $1.46M | 23 |
| July 2026 | $1.27M | 8 |
| August 2026 | $2.45M | 5 |
| September 2026 | $1.69M | 23 |
Neighbourhood & location
Stonegate-Queensway, 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $1,340,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,409
- Property tax
- $667
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,076
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,975
- Toronto municipal land transfer tax
- $29,975
- Estimated closing costs
- $59,950
Plus your down payment of $335,000. 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
- $444,545
- Principal paid down
- $163,723
- Interest paid
- $280,822
- Balance remaining
- $1,176,277
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 Stonegate-Queensway (30 of 206 recent detached leases were basement units, around $1,875 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,875 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 20 whole-home leases in Stonegate-Queensway signed at a median of $7,030 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,556. 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 RE/MAX ALL-STARS REALTY INC.. MLS®/PropTx.