41 Ringley Avenue, Toronto, ON
Stonegate-Queensway, Toronto · MLS® W14082654
About this home
In short
- This is a home that has been thoughtfully renovated from top to bottom, with an addition that has created more space and flexibility to create a home that really works.
- From the moment you walk in, the vaulted ceilings, exposed beams and skylights give the main floor a warm and welcoming feel.
- The custom kitchen is the heart of the home, with a large island, quality finishes and plenty of room for everyone to gather, all centred around a natural stone...
- The renovation continues into the basement, where the addition has created more space, higher ceilings and more above grade windows, along with beautifully finished...
- With an extensive, fully permitted renovation completed throughout, including a new roof, spray foam insulation throughout, new electrical and plumbing, new HVAC...
This is a home that has been thoughtfully renovated from top to bottom, with an addition that has created more space and flexibility to create a home that really works. Every space in the home has been well planned, with a layout that is both functional and spacious. From the moment you walk in, the vaulted ceilings, exposed beams and skylights give the main floor a warm and welcoming feel. The custom kitchen is the heart of the home, with a large island, quality finishes and plenty of room for everyone to gather, all centred around a natural stone fireplace with an oversized Napoleon natural gas insert. The main floor also features spacious bedrooms, each with custom built in closets, including a beautiful primary bedroom with its own ensuite and additional walk in closet, along with the convenience of main floor laundry. The renovation continues into the basement, where the addition has created more space, higher ceilings and more above grade windows, along with beautifully finished living space, a large bedroom, bathroom and walkup to the backyard. There is also plenty of flexibility for how the space can be used, with rough ins already in place for a secondary kitchen and laundry, should you want to add them in the future. Outside, the covered front porch adds to the charm of the home, while the spacious covered back cedar deck and private backyard are made for summer evenings, BBQs and time with family. The newly built detached garage is another great bonus, offering parking, a dedicated electrical panel and plenty of extra storage. With an extensive, fully permitted renovation completed throughout, including a new roof, spray foam insulation throughout, new electrical and plumbing, new HVAC, windows, doors and finishes, this is a home where the big work has already been taken care of. All that's left to do is move in and make it your own!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W14082654
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 3
- Size
- 1100-1500 sq ft
- Lot
- 37.82 × 150 ft
- Cross streets
- Park Lawn Rd & The Queensway
- Parking
- 1 garage · 7 parking (detached)
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,417 / 2025
- Days on market
- 5
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE ASSOCIATES
Rooms
hardwood floor · vaulted ceiling(s) · gas fireplace
vaulted ceiling(s) · 3 pc ensuite · walk-in closet(s)
hardwood floor · open concept · centre island
hardwood floor · vaulted ceiling(s) · b/i closet
above grade window · open concept · 3 pc bath
combined w/living · open concept · vaulted ceiling(s)
hardwood floor · open concept · w/o to yard
above grade window · vinyl floor · b/i shelves
Listed at $999,000. Going by how homes in Stonegate-Queensway and the wider GTA have actually closed against their asking prices (about 99%, 36 local closings in 90 days), the likely sale price is near $986K, if it sells. A realistic range is $923K to $1.11M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% above the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: the home's condition, or an asking price set as a starting point for offers.
Total price vs nearby homes. Likely closing about $986K, from 36 recent closings in this pocket.
The market behind the math:
About 0.7 months of inventory: 8 detached homes for sale in the area against 36 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $768/sqft against an area asking average of $1,246/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Stonegate-Queensway: 30 of the 206 detached leases here lately were basement units, around $1,875 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 36 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.42M. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 36 comparable homes that sold in Stonegate-Queensway over the past two years, from 301 closings there.
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For saleNothing 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 $1.49M, which is where my estimate comes from.
Per square foot, these ask about $1,042/sqft; this home lists at $768/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 detached homes in Stonegate-Queensway: $1.69M in September 2026, up 22% from a year ago, on 153 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.55M | 12 |
| November 2025 | $1.27M | 8 |
| December 2025 | $1.23M | 5 |
| January 2026 | $1.49M | 8 |
| February 2026 | $1.10M | 11 |
| March 2026 | $1.63M | 12 |
| April 2026 | $1.66M | 19 |
| May 2026 | $1.54M | 19 |
| June 2026 | $1.46M | 23 |
| July 2026 | $1.27M | 8 |
| August 2026 | $2.45M | 5 |
| September 2026 | $1.69M | 23 |
Neighbourhood & location
Stonegate-Queensway, 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 October 20, 2026); conventional rates run a little higher.
Mortgage amount $799,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,419
- Property tax
- $535
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,954
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
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
- $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.
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 Stonegate-Queensway (30 of 206 recent detached leases were basement units, around $1,875 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,875 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 79 whole-home leases in Stonegate-Queensway signed at a median of $4,163 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,499. 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 ROYAL LEPAGE REAL ESTATE ASSOCIATES. MLS®/PropTx.