114 Elmcrest Road, Toronto, ON
Eringate-Centennial-West Deane, Toronto · MLS® W13813512
About this home
In short
- Beautiful Walk-Out Bungalow on a Spectacular 50 x 150 Ft Ravine Lot.
- Welcome to this spacious and inviting 3+1 bedroom walk-out bungalow, offering approximately 1,491 sq. ft. of living space on the main floor and an incredible private...
- The generously sized basement offers a walk-out to the private ravine, creating a seamless connection to nature and providing excellent potential for additional...
- Enjoy playgrounds, a wading pool, picnic areas, the beautiful glasshouse conservatory, pond and nature trails.
- A rare opportunity to own a spacious home in an exceptional ravine setting, combining privacy, nature, space, and convenience in one of the area's most desirable...
Beautiful Walk-Out Bungalow on a Spectacular 50 x 150 Ft Ravine Lot! Welcome to this spacious and inviting 3+1 bedroom walk-out bungalow, offering approximately 1,491 sq. ft. of living space on the main floor and an incredible private ravine setting. Perfectly suited for families, extended families, or those looking for additional living space and rental potential. The main floor features a bright and spacious layout with a large eat-in kitchen, ideal for everyday family meals, along with a separate dining room conveniently located across the hall, perfect for entertaining family and friends. The generously sized basement offers a walk-out to the private ravine, creating a seamless connection to nature and providing excellent potential for additional living space. The basement includes a comfortable family room with wet bar, an additional bedroom, ample storage closets, a dedicated storage room, and a large cantina/cold room. Outside, enjoy a large double driveway with parking for up to 6 vehicles, plus a 2-car garage with direct access into the home. Located just steps from Centennial Park and the Etobicoke Olympium, with easy access to golf, top-rated schools, shopping, parks, transit, and countless recreational amenities. Enjoy playgrounds, a wading pool, picnic areas, the beautiful glasshouse conservatory, pond and nature trails. Outdoor enthusiasts will appreciate the nearby tobogganing hills, CP Pan Am BMX Centre, soccer fields, and baseball diamonds. A rare opportunity to own a spacious home in an exceptional ravine setting, combining privacy, nature, space, and convenience in one of the area's most desirable locations. Whether you're looking for a family home, space for extended family, or future income potential, this property offers incredible possibilities. Don't miss your opportunity to make this special property your forever home! * Roof is 2 years old*
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13813512
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 50.27 × 149.98 ft
- Cross streets
- Rathburn & Centennial Park Blvd
- Parking
- 2 garage · 8 parking (attached)
- Basement
- Finished, Walk-Out
- Heating
- Radiant
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,829 / 2026
- Days on market
- 27
- Listing brokerage
- MODERN SOLUTION REALTY INC.
Rooms
fireplace · combined w/dining
Eat-in Kitchen
Combined w/Living
fireplace · walk-out · wet bar
Listed at $1,199,999, which is about 5% below what comparable homes suggest.
Second read, from the city assessment: $1.25M. Close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.26M, median of 10 comparables.
The market behind the math:
Price per square foot: this home lists at $923/sqft against an area asking average of $937/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. A self-contained lower level is a premium that comparable-sales math under-prices, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
How this estimate is builtthe short version
I take the 10 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.25M, a close match.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
Schools & getting aroundcatchment and transit
The assigned public school is Silverthorn Collegiate Institute. 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
Below comparable homes on total price, yet the price per square foot ($923/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
Based on 10 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,005/sqft; this home lists at $923/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Eringate-Centennial-West Deane, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $959,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,308
- Property tax
- $486
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,794
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,475
- Toronto municipal land transfer tax
- $20,475
- Estimated closing costs
- $40,950
Plus your down payment of $240,000. 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
- $318,480
- Principal paid down
- $117,294
- Interest paid
- $201,186
- Balance remaining
- $842,705
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of MODERN SOLUTION REALTY INC.. MLS®/PropTx.