55 Picaro Drive, Toronto, ON
Glenfield-Jane Heights, Toronto · MLS® W13833768
About this home
In short
- Welcome to 55 Picaro Drive, a beautifully maintained home in the sought-after Glenfield-Jane Heights community.
- The bright and spacious main floor features 3 spacious bedrooms and 1 - 4 pc bathroom, along with a large living and dining area, newly installed engineered hardwood...
- A separate entrance leads to the finished basement, providing excellent potential for multi-generational living, an in-law suite, or possible income potential.
- The lower level includes a second kitchen, a 3-piece bathroom, and a spacious open-concept recreation room with a cozy gas fireplace.
- Conveniently located steps to the new Finch West LRT, and close to schools, parks, shopping, restaurants, hospitals, public transit, York University, and Highways 400...
Welcome to 55 Picaro Drive, a beautifully maintained home in the sought-after Glenfield-Jane Heights community. This meticulously cared-for semi-detached bungalow is situated on a large 30 x 130 ft. lot, offering exceptional pride of ownership, comfort, and value throughout. The bright and spacious main floor features 3 spacious bedrooms and 1 - 4 pc bathroom, along with a large living and dining area, newly installed engineered hardwood flooring, new interior doors, fresh paint throughout, and an updated kitchen with ceramic flooring and backsplash.A separate entrance leads to the finished basement, providing excellent potential for multi-generational living, an in-law suite, or possible income potential. The lower level includes a second kitchen, a 3-piece bathroom, and a spacious open-concept recreation room with a cozy gas fireplace. The home has been impeccably maintained both inside and out and is truly move-in ready for its next owners.Conveniently located steps to the new Finch West LRT, and close to schools, parks, shopping, restaurants, hospitals, public transit, York University, and Highways 400 and 401, this property offers unmatched everyday convenience in a highly connected neighbourhood. A turnkey opportunity offering comfort, location, and income potential. A must-see!
Key facts
- Property type
- Semi-Detached, Bungalow-Raised
- MLS®
- W13833768
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 30 × 130 ft
- Cross streets
- Finch/Hwy-400
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Separate Entrance, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,530 / 2026
- Days on market
- 1
- Listing brokerage
- REALTY EXECUTIVES PRIORITY ONE LIMITED
Rooms
hardwood floor · combined w/living
laminate · gas fireplace · open concept
hardwood floor · combined w/dining · w/o to balcony
ceramic floor · modern kitchen · ceramic backsplash
hardwood floor · closet
hardwood floor · closet
hardwood floor · closet
ceramic floor · eat-in kitchen
laminate · eat-in kitchen · walk-up
Listed at $918,900. Going by how homes in Glenfield-Jane Heights and the wider GTA have actually closed against their asking prices (about 98%, 27 local closings in 90 days), the likely sale price is near $901K, if it sells. A realistic range is $844K to $1.02M.
Independent value check: $808K. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $757K and $847K).
Why $808K. The typical semi-detached home sold in Glenfield-Jane Heights over the past year went for about $870K (77 sales). On tax assessment, size, rooms and lot, this one is close to that typical home.
Total price vs nearby homes. Likely closing about $901K, from 27 recent closings in this pocket.
The market behind the math:
About 0.7 months of inventory: 6 semi-detached homes for sale in the area against 27 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $707/sqft against an area asking average of $616/sqft.
- Walk-up basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 27 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $776K. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Firgrove Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 4 homes sold on this street over the past two years, plus 1 nearby in Glenfield-Jane Heights, from 155 closings in Glenfield-Jane Heights.
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 $677/sqft; this home lists at $707/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Glenfield-Jane Heights, 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 September 30, 2026); conventional rates run a little higher.
Mortgage amount $735,120 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,065
- Property tax
- $294
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,359
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,853
- Toronto municipal land transfer tax
- $14,853
- Estimated closing costs
- $29,706
Plus your down payment of $183,780. 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
- $243,876
- Principal paid down
- $89,818
- Interest paid
- $154,058
- Balance remaining
- $645,302
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 Glenfield-Jane Heights (12 of 42 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 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 9 whole-home leases in Glenfield-Jane Heights signed at a median of $2,650 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,650. 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 REALTY EXECUTIVES PRIORITY ONE LIMITED. MLS®/PropTx.