3 Armstrong Avenue, Toronto, ON

Dovercourt-Wallace Emerson-Junction, Toronto · MLS® W13841428

$2,200,000
For Sale
Listed 20 days agoNo offer date stated
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3Bedrooms
3Bathrooms
2Garage
1500-2000Sq ft

About this home

In short

  • This great triplex is a testament to a modern renovation and quality build.
  • Each unit has been meticulously rebuilt using quality materials, ensuring durability & aesthetic appeal.
  • The massive third-floor loft is a standout feature, with its vaulted ceilings creating an airy and expansive atmosphere.
  • The stylish lower level suite with separate entrance, heated floors & featuring 9-foot ceilings that give it a spacious and open feel, rare for a basement suite.
  • The natural light flooding the space enhances its appeal, making it a bright and cheerful environment & the lower level is perfect for tenant, a home office, creative...

This great triplex is a testament to a modern renovation and quality build. It offers an unparalleled living experience in the city. Each unit has been meticulously rebuilt using quality materials, ensuring durability & aesthetic appeal. The property is a perfect blend of luxury, comfort, and convenience, making it an ideal choice for families, professionals, or investors. The owner's suite, spans the second and third floors, is a sanctuary of elegance and comfort. It boasts a luxurious 5 pc bathroom & eat-in kitchen equipped with ample space for cooking & dining, with wainscotting that adds a touch of sophistication to the space. The massive third-floor loft is a standout feature, with its vaulted ceilings creating an airy and expansive atmosphere. This area seamlessly combines an open concept offering versatility for work, leisure and sleep. A private outdoor deck extends from the loft, providing a perfect spot to unwind & enjoy stunning sunset views of the iconic CN Tower.The main floor suite exudes warmth and coziness, with a gas fireplace & open-concept living and kitchen area is designed for modern living, with a large centre island that serves as both a functional workspace and a gathering spot for family and friends. The stylish lower level suite with separate entrance, heated floors & featuring 9-foot ceilings that give it a spacious and open feel, rare for a basement suite. The natural light flooding the space enhances its appeal, making it a bright and cheerful environment & the lower level is perfect for tenant, a home office, creative studio or in-law space. The property also includes a double carport, providing convenient parking for two vehicles or adding a laneway unit. The fenced yard comes with a private patio & fully landscaped & is located in a desirable neighbourhood. This property is within walking distance to the subway station, making commuting a breeze. It is also close to a variety of popular cafes, restaurants, and shops on Bloor Street.

Key facts

Property type
Other, 3-Storey
MLS®
W13841428
Bedrooms
3
Bathrooms
3
Size
1500-2000 sq ft
Lot
20 × 122.82 ft
Cross streets
Dufferin Street to Dupont Street
Parking
2 garage (carport)
Driveway
Lane
Basement
Separate Entrance, Apartment, Finished with Walk-Out
Heating
Radiant
A/C
Wall Unit(s)
Exterior
Brick
Foundation
Block
Roof
Asphalt Rolled
Sewer
Sewer
Property tax
$9,246 / 2026
Days on market
20
Listing brokerage
HOMELIFE/ROMANO REALTY LTD.

Rooms

Dining RoomSecond3.23 × 3.26 m

hardwood floor · large window · open concept

KitchenSecond3.41 × 3.21 m

hardwood floor · family size kitchen · combined w/dining

OfficeThird3.40 × 4.89 m

w/o to deck · open concept · large window

Living RoomSecond4.69 × 4.32 m

Hardwood Floor

KitchenLower3.17 × 4.38 m

heated floor · 3 pc bath · galley kitchen

Living RoomLower2.15 × 4.15 m

heated floor · large window · open concept

Primary BedroomThird4.99 × 6.97 m

hardwood floor · w/w closet · combined w/office

OtherThird2.90 × 1.80 m

Wood

BedroomMain3.41 × 3.86 m

3 pc ensuite · hardwood floor · large window

BathroomSecond2.50 × 2.20 m

5 pc bath · ceramic floor · soaking tub

BedroomLower2.45 × 4.15 m

heated floor · large window · sliding doors

Living RoomMain3.67 × 3.26 m

hardwood floor · fireplace · combined w/kitchen

KitchenMain4.06 × 4.21 m

hardwood floor · centre island · walk-out

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 Pauline Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Dovercourt-Wallace Emerson-Junction · asking prices
$1.31Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest listings on the market.

Per square foot, these ask about $746/sqft; this home lists at $1,257/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
2.20MThis home1.34M1.32M1.28M1.28MThis home vs active comparables

Neighbourhood & location

Dovercourt-Wallace Emerson-Junction, 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.

Niagara
$789K
Waterfront Communities C1
$559K
Church-Yonge Corridor
$539K
Waterfront Communities C8
$569K
Stonegate-Queensway
$999K

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 Pauline Junior Public School
76%
Pauline Junior Public SchoolPublic · Elementary · 0.2 km awayAbove the GTA average · 76% meet the provincial standard
ALPHA II Alternative SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
St Anthony Catholic School · Catholic elementary0.3 km · 78% at standard
Bloor Collegiate Institute · Public secondary0.6 km · 82% at standard
Caring and Safe School 4 · Public secondary0.7 km
St Mary Catholic Academy · Catholic secondary0.9 km · 66% at standard
St Mary of the Angels Catholic School · Catholic elementary0.9 km · 76% at standard
Regal Road Junior Public School · Public elementary1.1 km · 73% at standard
Perth Avenue Junior Public School · Public elementary1.2 km · 77% at standard
St Luigi Catholic School · Catholic elementary1.2 km · 36% at standard
Brock Public School · Public elementary1.3 km · 81% at standard
St Bruno/St. Raymond Catholic School · Catholic elementary1.3 km · 56% at standard
Essex Junior and Senior Public School · Public elementary1.3 km · 64% at standard
Hawthorne II Bilingual Alternative Junior School · Public elementary1.3 km · 74% at standard

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

Affordability & Mortgage

Affordability
$10,027/mo
$409KIncome needed
5.4×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.

93%mortgage
Mortgage $10,027Property tax $771Total carry $10,797

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 20, 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
$10,502Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$9,731
Property tax
$771
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$10,502

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$3,150/mo
$37,800Gross annual rent
1.0%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.

1.7%
Gross yield
− Property tax $9,246− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $22,996

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

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