5 Paula Boulevard, Toronto, ON

Alderwood, Toronto · MLS® W13824916

$2,200,000
For Sale
Listed 25 days agoNo offer date stated
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5+1Bedrooms
6Bathrooms
1Garage · 4 parking
3000-3500Sq ft

About this home

In short

  • Welcome to this stunning custom-built executive residence in the highly sought-after Etobicoke Centre.
  • The impressive brick and stone exterior leads to a bright, open-concept main floor featuring rich hardwood flooring, 9-foot ceilings, and a beautiful fireplace with...
  • The gourmet kitchen combines style and practicality with granite countertops, built-in stainless-steel appliances, generous custom cabinetry, and ample...
  • The fully finished lower level adds valuable living space with 8-foot ceilings, a walk-out basement, rough-in for a kitchen, an additional bedroom, and a 3-piece...
  • Enjoy the beautifully landscaped private backyard with a spacious patio and serene garden setting-perfect for relaxing or hosting guests. deally located just steps...

Welcome to this stunning custom-built executive residence in the highly sought-after Etobicoke Centre. Designed with elegance, comfort, and functionality in mind, this exceptional home showcases quality craftsmanship and sophisticated finishes throughout. The impressive brick and stone exterior leads to a bright, open-concept main floor featuring rich hardwood flooring, 9-foot ceilings, and a beautiful fireplace with custom built-ins that creates a warm and inviting focal point between the living and dining areas. The gourmet kitchen combines style and practicality with granite countertops, built-in stainless-steel appliances, generous custom cabinetry, and ample workspace-perfect for both everyday living and entertaining. Offering 5 spacious bedrooms, each with its own private ensuite, and 6 bathrooms, this home provides exceptional comfort and privacy. The second floor features 4 generously sized bedrooms, abundant storage, a convenient laundry room, and a luxurious primary suite designed as a peaceful retreat. The fully finished lower level adds valuable living space with 8-foot ceilings, a walk-out basement, rough-in for a kitchen, an additional bedroom, and a 3-piece bathroom. Ideal for recreation, entertaining, a home office, or extended-family living. Enjoy the beautifully landscaped private backyard with a spacious patio and serene garden setting-perfect for relaxing or hosting guests. deally located just steps from top-rated schools, parks, swimming pool, skating rink, public transit, shopping, and restaurants. An exceptional opportunity to enjoy spacious, sophisticated living in one of Etobicoke's most desirable neighbourhoods.

Key facts

Property type
Detached, 2-Storey
MLS®
W13824916
Bedrooms
5+1 (6 total)
Bathrooms
6 (1 half)
Size
3000-3500 sq ft
Lot
45.33 × 129.14 ft
Cross streets
Evans/ Lanor
Parking
1 garage · 4 parking (attached)
Driveway
Available
Basement
Finished with Walk-Out, Separate Entrance
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$10,881 / 2025
Days on market
25
Listing brokerage
RE/MAX WEST REALTY INC.

Rooms

RecreationBasement0.00 × 0.00 m

laminate · pot lights

Primary BedroomSecond5.50 × 4.90 m

6 pc ensuite · his and hers closets

Dining RoomMain7.40 × 3.70 m

open concept · crown moulding

Bedroom 4Second5.10 × 3.50 m

hardwood floor · 4 pc ensuite

Family RoomMain7.40 × 5.70 m

w/o to patio · built-in speakers · crown moulding

BedroomSecond4.60 × 3.30 m

hardwood floor · b/i shelves · closet

Bedroom 2Second4.00 × 3.30 m

hardwood floor · 4 pc ensuite

Media RoomBasement0.00 × 0.00 m

laminate · pot lights

FoyerMain0.00 × 0.00 m
Living RoomMain7.40 × 3.70 m

hardwood floor · natural finish

KitchenMain7.40 × 5.70 m

eat-in kitchen · centre island · w/o to patio

Bedroom 3Second4.50 × 3.30 m

hardwood floor · 4 pc ensuite

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 Lanor 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.

Neighbourhood & location

Alderwood, 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
Islington-City Centre West
$1.54M
Leaside
$2.15M
Banbury-Don Mills
$5.50M
Woodbine-Lumsden
$949K

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 Lanor Junior Middle School
79%
Lanor Junior Middle SchoolPublic · Elementary · 0.9 km awayAbove the GTA average · 79% meet the provincial standard
Also nearby: 6 more schools within 2.5 km
Sir Adam Beck Junior School · Public elementary1.6 km · 86% at standard
Twentieth Street Junior School · Public elementary1.9 km · 70% at standard
James S Bell Junior Middle School · Public elementary2.0 km · 70% at standard
The Holy Trinity Catholic School · Catholic elementary2.1 km · 82% at standard
Holy Angels Catholic School · Catholic elementary2.3 km · 84% at standard
Father John Redmond Catholic Secondary School · Catholic secondary2.4 km · 84% at standard

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

Affordability & Mortgage

Affordability
$10,027/mo
$414KIncome needed
5.3×Price ÷ income
$2,314Weekly cost
$82,950Land 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.

92%mortgage
Mortgage $10,027Property tax $907Total carry $10,934

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$9,731per month

Mortgage amount $1,760,000 · 4.49% over 25 years

$440,000Down payment (20.0%)
$1,760,000Loan before insurance
$0CMHC premium
$10,638Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$9,731
Property tax
$907
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$10,638

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

One-time closing costs

Ontario land transfer tax
$41,475
Toronto municipal land transfer tax
$41,475
Estimated closing costs
$82,950

Plus your down payment of $440,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$11,778/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

$1,159,403Total interest paid
$2,919,403Total of all payments
Principal $1,760,000 Interest $1,159,403
YearPrincipalInterestBalance
1$39,276$77,500$1,720,724
2$41,059$75,717$1,679,665
3$42,923$73,853$1,636,742
4$44,872$71,904$1,591,870
5$46,909$69,867$1,544,960
6$49,039$67,737$1,495,921
7$51,266$65,510$1,444,655
8$53,594$63,182$1,391,062
9$56,027$60,749$1,335,035
10$58,571$58,205$1,276,464
11$61,230$55,546$1,215,234
12$64,010$52,766$1,151,223
13$66,917$49,859$1,084,307
14$69,955$46,821$1,014,352
15$73,131$43,645$941,221
16$76,452$40,325$864,769
17$79,923$36,853$784,846
18$83,552$33,225$701,295
19$87,345$29,431$613,950
20$91,311$25,465$522,639
21$95,457$21,319$427,182
22$99,791$16,985$327,391
23$104,322$12,454$223,069
24$109,059$7,718$114,010
25$114,010$2,766$0

At the end of your 5-year term

Total paid over the term
$583,881
Principal paid down
$215,040
Interest paid
$368,841
Balance remaining
$1,544,960

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$6,300/mo
$75,600Gross annual rent
2.5%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

3.4%
Gross yield
− Property tax $10,881− Insurance $1,400− Vacancy & upkeep $8,316Net operating income $55,003

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

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