197 Yarmouth Road, Toronto, ON
Dovercourt-Wallace Emerson-Junction, Toronto · MLS® W14096054
About this home
In short
- RARELY OFFERED Detached Home in CENTRAL TORONTO.
- First time offered for sale in 30+ years.
- Featuring: 3 above grade bedrooms, 2 bathrooms, 2 kitchens, separate living spaces, ample storage and a private backyard.
- The upper level offers 2 generous bedrooms, a separate kitchen with a w/o to a south facing sundeck and full bathroom - ideal for a potential rental suite, guest...
- The basement adds an additional bedroom/office and recreation space, full bathroom, laundry, a separate entrance and plenty of storage in the cold/room cantina.
RARELY OFFERED Detached Home in CENTRAL TORONTO! Welcome to Yarmouth Road, a charming one-way street tucked into one of Toronto's most coveted neighbourhood pockets, steps from Dupont and Ossington. First time offered for sale in 30+ years! This versatile detached home with income potential is an incredible opportunity for first-time buyers, small families, investors, or anyone looking to get into the central Toronto market while offsetting expenses with potential rental income. Featuring: 3 above grade bedrooms, 2 bathrooms, 2 kitchens, separate living spaces, ample storage and a private backyard. The main level features a spacious front porch, a primary bedroom and comfortable living space with a w/o to the backyard from the kitchen. The upper level offers 2 generous bedrooms, a separate kitchen with a w/o to a south facing sundeck and full bathroom - ideal for a potential rental suite, guest space or additional living space. The basement adds an additional bedroom/office and recreation space, full bathroom, laundry, a separate entrance and plenty of storage in the cold/room cantina. Location is everything! Nestled between Christie and Ossington, just south of Dupont, enjoy the best of central Toronto living with transit, parks, schools, grocery stores, cafés, restaurants and local shops all close by. Enjoy the energy and convenience of the city while coming home to a quiet, community-oriented residential street. Detached. Duplex. Income potential. Private backyard. Prime location. Opportunities like this don't come around often, and this one won't last long!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W14096054
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4
- Size
- 1100-1500 sq ft
- Lot
- 20 × 100.5 ft
- Cross streets
- Dupont and Ossington
- Parking
- 0 parking
- Driveway
- None
- Basement
- Separate Entrance, Finished
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Vinyl Siding, Brick
- Foundation
- Concrete Block
- Roof
- Metal
- Sewer
- Sewer
- Property tax
- $6,319 / 2025
- Listing brokerage
- KELLER WILLIAMS PORTFOLIO REALTY
Rooms
walk-out · overlooks backyard
closet organizers · large window
Open Concept
Window
Combined w/Family
combined w/den · window
combined w/living · w/o to sundeck
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 readThe assigned public school is Essex Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $907/sqft; this home lists at $769/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Dovercourt-Wallace Emerson-Junction, Toronto, ON
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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 $799,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $527
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,950
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,475
- Toronto municipal land transfer tax
- $16,475
- Estimated closing costs
- $32,950
Plus your down payment of $200,000. 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
- $265,400
- Principal paid down
- $97,745
- Interest paid
- $167,655
- Balance remaining
- $702,254
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
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS PORTFOLIO REALTY. MLS®/PropTx.