15 Burrard Road, Toronto, ON
Elms-Old Rexdale, Toronto · MLS® W13820156
About this home
In short
- A Rare Turnkey Investment Opportunity.
- Currently generating $6,000/month in rental income with both lower level suites vacant, the property offers the potential to generate approximately...
- The main floor residence, currently rented for $3,000/month, offers 2 bedrooms and 2 bathrooms, including a primary ensuite, a spacious open-concept kitchen and...
- The second floor residence, also rented for $3,000/month, features 2 bedrooms plus a den, 2 bathrooms including a primary ensuite, and an expansive open-concept...
- The finished lower level contains two additional self-contained 1-bedroom, 1-bathroom suites, both currently vacant, offering flexibility for new tenancy or potential...
A Rare Turnkey Investment Opportunity! Welcome to 15 Burrard Road, a brand new, purpose-built and fully permitted fourplex completed in 2025, offering four separately self-contained residences and exceptional income generating potential in Toronto. Currently generating $6,000/month in rental income with both lower level suites vacant, the property offers the potential to generate approximately $9,700-$10,000/month when fully tenanted. Thoughtfully designed for independent living, each residence features its own private entrance, separate hydro and heating controls, providing functionality and convenience for both ownership and tenancy. The main floor residence, currently rented for $3,000/month, offers 2 bedrooms and 2 bathrooms, including a primary ensuite, a spacious open-concept kitchen and living area, and generous storage. The second floor residence, also rented for $3,000/month, features 2 bedrooms plus a den, 2 bathrooms including a primary ensuite, and an expansive open-concept kitchen and living space. The finished lower level contains two additional self-contained 1-bedroom, 1-bathroom suites, both currently vacant, offering flexibility for new tenancy or potential owner occupation. Each lower suite has an estimated rental potential of approximately $1,850-$2,000/month. Outside, a four-car private driveway provides ample parking for residents. Ideally positioned near Hwy 401, the property offers convenient access to transit, shopping, schools, parks, recreation and everyday amenities. Whether expanding an existing portfolio or entering the multi-residential market, don't miss this rare opportunity to acquire a brand-new 2025-built fourplex with significant income-generating potential. Power of Sale.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- W13820156
- Bedrooms
- 6
- Bathrooms
- 6
- Size
- 2000-2500 sq ft
- Lot
- 44.56 × 114.14 ft
- Cross streets
- Hwy 401 / Islington Ave
- Parking
- 4 parking
- Basement
- Separate Entrance, Finished, Apartment
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,022 / 2025
- Days on market
- 26
- Listing brokerage
- GET SOLD REALTY INC.
Rooms
4 Pc Bath
3 Pc Bath
combined w/living · stainless steel appl · quartz counter
combined w/living · stainless steel appl · quartz counter
3 Pc Bath
4 pc bath · b/i closet
4 pc ensuite · b/i closet
3 Pc Bath
combined w/living · stainless steel appl · quartz counter
combined w/living · quartz counter · stainless steel appl
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 readThe assigned public school is The Elms Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest listings on the market. Homes like this one have recently closed around $1.23M, which is where my estimate comes from.
Per square foot, these ask about $607/sqft; this home lists at $1,111/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 homes in Toronto: $820K in September 2026, down 2% from a year ago, on 23,498 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $851K | 2343 |
| November 2025 | $832K | 1897 |
| December 2025 | $773K | 1313 |
| January 2026 | $745K | 1113 |
| February 2026 | $830K | 1531 |
| March 2026 | $790K | 1994 |
| April 2026 | $849K | 2369 |
| May 2026 | $891K | 2433 |
| June 2026 | $835K | 2443 |
| July 2026 | $796K | 2244 |
| August 2026 | $775K | 1802 |
| September 2026 | $820K | 2016 |
Neighbourhood & location
Elms-Old Rexdale, 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 $1,999,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,054
- Property tax
- $502
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,556
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,950
- Toronto municipal land transfer tax
- $48,950
- Estimated closing costs
- $97,900
Plus your down payment of $499,800. 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
- $663,235
- Principal paid down
- $244,265
- Interest paid
- $418,970
- Balance remaining
- $1,754,935
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 Elms-Old Rexdale (9 of 53 recent detached leases were basement units, around $1,700 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,700 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 32 whole-home leases in Elms-Old Rexdale signed at a median of $2,589 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,896. 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 GET SOLD REALTY INC.. MLS®/PropTx.