3985 Bloor Street, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13804720
About this home
In short
- Individual redevelopment opportunity on Bloor Street West, newly priced at $1,499,900.
- Toronto's evolving EHON Major Streets planning framework supports increased low-rise residential intensification on qualifying properties along Major Streets...
- Buyer to independently verify all zoning, density, unit count, garden suite potential, servicing, permitting and development requirements.
- Hold while you plan: the existing well maintained brick bungalow offers 3+1 bedrooms, a finished basement, private drive, attached garage and parking for three...
- A rare opportunity to acquire an individual development site or create a larger land assembly, along a transit-supported stretch of Bloor Street West in rapidly...
BUY ONE. BUY TWO. BUY ALL FOUR. Individual redevelopment opportunity on Bloor Street West, newly priced at $1,499,900. This 40 x 150 ft lot offers approximately 6,000 sq. ft. of land on a Toronto Major Street, minutes from Kipling and Islington subway stations and the Kipling Mobility Hub. Toronto's evolving EHON Major Streets planning framework supports increased low-rise residential intensification on qualifying properties along Major Streets, creating an opportunity for builders and developers to explore a small-scale multi-residential project on this deep, well-proportioned site. Buyer to independently verify all zoning, density, unit count, garden suite potential, servicing, permitting and development requirements. The opportunity can also scale. The three adjacent properties at 3985, 3987 and 3989 Bloor Street West are separately available, allowing a purchaser to acquire one property or assemble two, three or all four sites. Combined-site information, including lot dimensions and parcel mapping, is available for purchasers evaluating a larger development opportunity. Hold while you plan: the existing well maintained brick bungalow offers 3+1 bedrooms, a finished basement, private drive, attached garage and parking for three, providing potential rental income during the planning and approvals process. A rare opportunity to acquire an individual development site or create a larger land assembly, along a transit-supported stretch of Bloor Street West in rapidly intensifying Islington-City Centre West.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13804720
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 43 × 150.08 ft
- Cross streets
- Bloor Street W / Kipling Avenue
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,271 / 2025
- Days on market
- 31
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readIts public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Neighbourhood & location
Islington-City Centre West, Toronto, ON
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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 $1,199,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,635
- Property tax
- $439
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,074
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,473
- Toronto municipal land transfer tax
- $26,473
- Estimated closing costs
- $52,946
Plus your down payment of $299,980. 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
- $398,074
- Principal paid down
- $146,608
- Interest paid
- $251,466
- Balance remaining
- $1,053,312
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 KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.