8 Newlove Court, Toronto, ON
Elms-Old Rexdale, Toronto · MLS® W14099482
About this home
*NICE/UNIQUE DETACHED 3 BEDROOM RAISED BUNGALOW with A LARGE DOUBLE CAR GARAGE PREMIUM COURT LOCATION *SPACIOUS FLOOR PLAN With LARGE CENTRE HALL *BIG PRIMARY BEDROOM with 2-PCE WASHROOM AND A LARGE CLOSET *WOW AMAZING WALK-OUT BASEMENT *PROFESSIONALLY FINISHED BASEMENT with 2ND KITCHEN, SEPARATE SIDE ENTRANCE AND BACK WALK-Out ENTRANCE, WITH 2 BIG BEDROOMS *INCOME POTENTIAL* * ORIGINAL OWNERS* STRIP HARDWOOD AND CERAMIC THROUGHOUT * DON'T MISS THIS ONE OF A KIND WELL KEPT BUNGLOW* ENJOY FRONT OR SIDE PORCH THAT FEATURES Two (2)COLD ROOMS * NEAR ALL AMENITIES, SCHOOLS, SHOPPING, HWYS, BUS, COSTCO, WALMART ETC.
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- W14099482
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 45 × 129.7 ft
- Cross streets
- Islington Rd / Elmhurst Dr
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Available, Private, Private Double
- Basement
- Finished with Walk-Out, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,540 / 2025
- Listing brokerage
- ROYAL LEPAGE IGNITE REALTY
Rooms
ceramic floor · modern kitchen · family size kitchen
large closet · window · open concept
formal rm · open concept · hardwood floor
window · hardwood floor · combined w/living
window · large closet · hardwood floor
unfinished · combined w/laundry
ceramic floor · w/o to porch · family size kitchen
ceramic floor · window · b/i closet
large closet · hardwood floor · window
gas fireplace · walk-out · ceramic floor
large closet · 2 pc ensuite · hardwood floor
Listed at $1,049,000. 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 $1.02M, if it sells. A realistic range is $955K to $1.15M.
Independent value check: $925K. Without looking at the asking price, our model values the home itself about 12% below the ask (homes like it typically land between $866K and $969K).
Why $925K. The typical detached home sold in Elms-Old Rexdale over the past year went for about $817K (41 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $4,540 a year; the typical home sold here pays about $3,800.
- ▲ Raises itIt is 1,500 to 2,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▼ Lowers it slightlyThe listing presents it as a home to renovate or rebuild.
- ▲ Raises it slightly3+2 bedrooms and 3 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $1.02M, from 14 recent closings in this pocket.
The market behind the math:
About 1.5 months of inventory: 7 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 $599/sqft against an area asking average of $654/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Elms-Old Rexdale: 6 of the 25 detached leases here lately were basement units, around $1,825 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 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $841K. 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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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
Priced above comparable homes overall, but the price per square foot ($599/sqft) is below the area, so you are paying for extra space rather than a premium.
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.
Nothing 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 $925K, which is where my estimate comes from.
Per square foot, these ask about $672/sqft; this home lists at $599/sqft. Size is part of the price story, not just the sticker.
The 4 closest 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 $839,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,640
- Property tax
- $378
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,018
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,455
- Toronto municipal land transfer tax
- $17,455
- Estimated closing costs
- $34,910
Plus your down payment of $209,800. 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
- $278,405
- Principal paid down
- $102,535
- Interest paid
- $175,870
- Balance remaining
- $736,665
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 Elms-Old Rexdale (6 of 25 recent detached leases were basement units, around $1,825 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,825 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 11 whole-home leases in Elms-Old Rexdale signed at a median of $2,700 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,820. 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 IGNITE REALTY. MLS®/PropTx.