68 Allenby Avenue, Toronto, ON
Elms-Old Rexdale, Toronto · MLS® W14097226
About this home
In short
- Attention first-time buyers, renovators and investors-this charming 1.5-storey home is being offered for the first time in over 60 years.
- Ideally located in Etobicoke near the Humber River, it sits on a generous 49 x 132-ft lot offering space, flexibility and exciting potential.
- Renovate the existing home, reimagine the layout, add an addition or explore the possibility of building something larger-the possibilities are yours to explore.
- Upstairs are two well-sized bedrooms, while the finished basement provides additional living space and a separate workshop.
- Pine Point Park, tennis club, banquet hall and outdoor pool are located just off the street, while the Humber River Trail is just minutes away.
Opportunity is knocking! Attention first-time buyers, renovators and investors-this charming 1.5-storey home is being offered for the first time in over 60 years. Ideally located in Etobicoke near the Humber River, it sits on a generous 49 x 132-ft lot offering space, flexibility and exciting potential. Renovate the existing home, reimagine the layout, add an addition or explore the possibility of building something larger-the possibilities are yours to explore. The main level features a spacious living area, good-sized kitchen with a dining area, 4-piece bathroom and convenient main-floor bedroom. Upstairs are two well-sized bedrooms, while the finished basement provides additional living space and a separate workshop. The expansive, extra-deep backyard provides a wonderful setting for summer entertaining and outdoor enjoyment. Enjoy exceptional everyday convenience with Costco and Walmart just a short walk away. Easy access to Highways 401, 427 and 400 makes commuting a breeze, with Toronto Pearson Airport approximately 10 minutes away. Pine Point Park, tennis club, banquet hall and outdoor pool are located just off the street, while the Humber River Trail is just minutes away. Whether you're looking to renovate, invest or create your forever home, this is a rare opportunity to bring your vision to life on a larger-than-average lot in a well-connected Etobicoke neighbourhood.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- W14097226
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Lot
- 49 × 132 ft
- Cross streets
- Islington Ave / Hwy 401
- Parking
- 4 parking
- Driveway
- Mutual
- Basement
- Finished
- Heating
- Forced Air
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,378 / 2025
- Listing brokerage
- Royal LePage Real Estate Associates
Rooms
overlooks family · open concept · broadloom
separate room · window · broadloom
laundry sink · separate room · linoleum
open concept · pot lights · broadloom
closet · window · broadloom
combined w/kitchen · window · linoleum
window · closet · broadloom
backsplash · overlooks dining · linoleum
window · closet · broadloom
Listed at $685,000. Going by how homes in Elms-Old Rexdale and the wider GTA have actually closed against their asking prices (about 97%, 14 local closings in 90 days), the likely sale price is near $665K, if it sells. A realistic range is $623K to $750K.
Independent value check: $705K. Without looking at the asking price, our model values the home itself about 3% above the ask (homes like it typically land between $661K and $739K).
Why $705K. The typical detached home sold in Elms-Old Rexdale over the past year went for about $817K (41 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $3,378 a year; the typical home sold here pays about $3,800.
- ▼ Lowers itIt is 700 to 1,100 sq ft; the typical home sold here is 1,100 to 1,500.
- ▼ Lowers it3 bedrooms and 1 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $665K, from 14 recent closings in this pocket.
The market behind the math:
About 1.3 months of inventory: 6 detached homes for sale in the area against 14 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $761/sqft against an area asking average of $699/sqft.
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 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $627K. 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
Schools & getting aroundcatchment and transit
The assigned public school is The Elms Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
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 Elms-Old Rexdale, so I widened the search to the surrounding area.
Based on 14 comparable homes that sold in Elms-Old Rexdale over the past two years, from 68 closings there.
For sale
For sale
For sale
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. Homes like this one have recently closed around $705K, which is where my estimate comes from.
Per square foot, these ask about $706/sqft; this home lists at $761/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 Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,360 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 777 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 677 |
Neighbourhood & location
Elms-Old Rexdale, 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 21, 2026); conventional rates run a little higher.
Mortgage amount $548,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,030
- Property tax
- $282
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,311
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,175
- Toronto municipal land transfer tax
- $10,175
- Estimated closing costs
- $20,350
Plus your down payment of $137,000. 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
- $181,799
- Principal paid down
- $66,955
- Interest paid
- $114,844
- Balance remaining
- $481,045
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
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 7 whole-home leases in Elms-Old Rexdale signed at a median of $3,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,550. 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.