37 Deforest Road, Toronto, ON

High Park-Swansea, Toronto · MLS® W13826096

$999,000
For Sale
Listed 25 days agoNo offer date stated
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2+1Bedrooms
3Bathrooms
1Garage · 2 parking
700-1100Sq ft

About this home

In short

  • Explore The Potential In One Of The Best Pockets In The Highly Sought After Neighbourhood Of Swansea-High Park.
  • An Outstanding Opportunity For End-users, Builders, Contractors, Investors, And For Those Who Are Looking For The Perfect Location To Renovate Or Build Their Dream...
  • In A Family Friendly Neighbourhood, Just Steps From Top-ranked Schools, Parks, High Park, Tennis Courts, Pool, Rink, Restaurant, Bloor West Village And TTC In Swansea...
  • Currently Main & 2nd Floor Occupied.

Explore The Potential In One Of The Best Pockets In The Highly Sought After Neighbourhood Of Swansea-High Park. An Outstanding Opportunity For End-users, Builders, Contractors, Investors, And For Those Who Are Looking For The Perfect Location To Renovate Or Build Their Dream Home And Move in For Life, Renovate & Move In Or Keep The Tenant And Plan For Future. In A Family Friendly Neighbourhood, Just Steps From Top-ranked Schools, Parks, High Park, Tennis Courts, Pool, Rink, Restaurant, Bloor West Village And TTC In Swansea in Toronto. Currently Main & 2nd Floor Occupied. Architectural Drawings Are Being Prepared For A New House, Many Brand New Buildings Are Up In The Neighbourhood. Some Pictures Are Rendering To Illustrate The Rebuild Potential Only! Donot Miss The Potential!

Key facts

Property type
Detached, 1 1/2 Storey
MLS®
W13826096
Bedrooms
2+1 (3 total)
Bathrooms
3
Size
700-1100 sq ft
Lot
21.79 × 94.75 ft
Cross streets
Bloor West and Runnymede
Parking
1 garage · 2 parking (detached)
Driveway
Right Of Way
Basement
Finished, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Radiant
A/C
None
Exterior
Brick, Vinyl Siding
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$6,749 / 2025
Days on market
25
Listing brokerage
RIGHT AT HOME REALTY
Our TakeTeam Asgarian · Broker
A small discount is typical
$987Klikely sale price

Listed at $999,000. Going by how homes in High Park-Swansea and the wider GTA have actually closed against their asking prices (about 99%, 18 local closings in 90 days), the likely sale price is near $987K, if it sells. A realistic range is $925K to $1.11M.

Independent value check: $1.29M. Without looking at the asking price, our model values the home itself about 29% above the ask (homes like it typically land between $1.21M and $1.35M).

Why $1.29M. The typical detached home sold in High Park-Swansea over the past year went for about $1.93M (91 sales). What sets this one apart:

  • ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $6,749 a year; the typical home sold here pays about $9,300.
  • ▼ Lowers it stronglyIt is 700 to 1,100 sq ft; the typical home sold here is 2,000 to 2,500.
  • ▲ Raises it stronglyThe listing describes it as fully renovated or newly built.
  • ▼ Lowers itIts lot is 22 by 95 ft; the typical lot sold here is 30 by 120.
List price
$925KBelow recent closings$1.11MAbove recent closings

Total price vs nearby homes. Likely closing about $987K, from 18 recent closings in this pocket.

The market behind the math:

18sold nearby · 90 days
$1.84Mmedian sold price
100%of asking, on average
−2%prices vs a year ago
~9 dayshomes like this take to sell
25days on market so far
$3,881/moest. rent · 32 leases
4.7%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.5 months of inventory: 9 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $1,110/sqft against an area asking average of $1,349/sqft.

  • Separate-entrance basement apartment features. A finished 1 bed 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 High Park-Swansea: 18 of the 140 detached leases here lately were basement units, around $1,825 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.
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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.48M. 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.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
  • Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
Schools & getting aroundcatchment and transit

On schools, this address is zoned for Humberside Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.

Read this with carewhy it’s an estimate, not an appraisal

The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.

There were not many closely comparable homes right in High Park-Swansea, so I widened the search to the surrounding area.

Based on 18 comparable homes that sold in High Park-Swansea over the past two years, from 180 closings there.

What sellers nearby are askingCurrently listed nearby in High Park-Swansea · asking prices
$1.46Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.29M, which is where my estimate comes from.

Per square foot, these ask about $1,620/sqft; this home lists at $1,110/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
999kThis home1.20M1.30M1.88MThis home vs active comparables

Sold price trend

Median sold price for detached homes in High Park-Swansea: $2.01M in September 2026, down 12% from a year ago, on 81 closings in 9 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$2.05M6
November 2025$2.25M7
January 2026$1.60M5
February 2026$1.95M8
March 2026$2.10M11
April 2026$1.45M12
May 2026$2.06M13
June 2026$1.62M11
September 2026$2.01M8

Neighbourhood & location

High Park-Swansea, 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 Swansea Junior and Senior Public School
78%
Swansea Junior and Senior Public SchoolPublic · Elementary · 0.6 km awayAbove the GTA average · 78% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Runnymede Junior and Senior Public School · Public elementary0.8 km · 92% at standard
The Student School · Public secondary0.9 km
Ursula Franklin Academy · Public secondary1.0 km · 92% at standard
Western Technical & Commercial School · Public secondary1.0 km · 68% at standard
St Cecilia Catholic School · Catholic elementary1.3 km · 82% at standard
Annette Street Junior and Senior Public School · Public elementary1.5 km · 81% at standard
High Park Alternative School Junior · Public elementary1.5 km · 82% at standard
Keele Street Public School · Public elementary1.5 km · 82% at standard
Mountview Alternative School School · Public elementary1.5 km · 83% at standard
James Culnan Catholic School · Catholic elementary1.6 km · 64% at standard
Humbercrest Public School · Public elementary1.8 km · 80% at standard
Étienne Brûlé Junior School · Public elementary1.8 km · 79% at standard

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

Affordability & Mortgage

Affordability
$4,553/mo
$196KIncome needed
5.1×Price ÷ income
$1,051Weekly cost
$32,910Land 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.

89%mortgage
Mortgage $4,553Property tax $562Total carry $5,116

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%
$
%
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)
$4,419per month

Mortgage amount $799,200 · 4.49% over 25 years

$199,800Down payment (20.0%)
$799,200Loan before insurance
$0CMHC premium
$4,981Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,419
Property tax
$562
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,981

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

One-time closing costs

Ontario land transfer tax
$16,455
Toronto municipal land transfer tax
$16,455
Estimated closing costs
$32,910

Plus your down payment of $199,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,348/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

$526,474Total interest paid
$1,325,674Total of all payments
Principal $799,200 Interest $526,474
YearPrincipalInterestBalance
1$17,835$35,192$781,365
2$18,645$34,382$762,721
3$19,491$33,536$743,230
4$20,376$32,651$722,854
5$21,301$31,726$701,553
6$22,268$30,759$679,284
7$23,279$29,748$656,005
8$24,336$28,691$631,668
9$25,441$27,586$606,227
10$26,596$26,430$579,631
11$27,804$25,223$551,827
12$29,066$23,960$522,760
13$30,386$22,641$492,374
14$31,766$21,261$460,608
15$33,208$19,819$427,400
16$34,716$18,311$392,684
17$36,292$16,735$356,392
18$37,940$15,087$318,452
19$39,663$13,364$278,789
20$41,463$11,563$237,325
21$43,346$9,681$193,979
22$45,314$7,713$148,665
23$47,372$5,655$101,294
24$49,522$3,504$51,771
25$51,771$1,256$0

At the end of your 5-year term

Total paid over the term
$265,135
Principal paid down
$97,647
Interest paid
$167,487
Balance remaining
$701,553

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
From 32 whole-home leases in High Park-Swansea$3,881/mo
$46,572Gross annual rent
3.3%Cap rate after taxes and upkeep
$3,555 to $4,411Typical rent range
~18 daysTo find a tenant, on average

The suite is real income here: basements rent in High Park-Swansea (18 of 140 recent detached leases were basement units, around $1,825 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,825 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 numbers

The last 32 whole-home leases in High Park-Swansea signed at a median of $3,912 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,881. 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.

4.7%
Gross yield
− Property tax $6,749− Insurance $1,400− Vacancy & upkeep $5,123Net operating income $33,300

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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