Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

40 Divadale Drive, Toronto, ON M4G 2N9

4+1 beds · 5 baths · 1 kitchen · 9+5 rooms · 3 parking spaces · 2000-2500 sq ft · Detached
$3,999,999
Property tax
$14,663 / year

Welcome to an exceptional custom residence in the heart of coveted North Leaside. Impeccably designed with refined craftsmanship, sophisticated finishes, and an effortless sense of luxury, this remarkable home is perfectly suited to both elegant entertaining and comfortable family living. An impressive array of premium features include heated basement floors, a private sauna and hot tub, sophisticated wet bar and wine cellar, custom cabinetry, rich walnut flooring and top-of-the-line appliances. Every element has been thoughtfully curated to create a residence of exceptional quality and distinction. Ideally positioned just steps from the Crosstown LRT, highly regarded schools, boutique shop, acclaimed restaurants, parks and Sunnybrook Hospital. This is a rare opportunity to enjoy the very best of North Leaside living. Simply move in, settle in, and experience a home where luxury, lifestyle and location come together effortlessly.

MLS number
C13754186
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
5
Postal code
M4G 2N9
Photos
50
Laundry
Not in the unit
5days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Northlea Elementary and Middle School8.4 / 10
Elementary · Regular Track
TDSB boundary
Leaside High School8.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Children's Garden Junior SchoolElementary185 mNot reported
Bloorview School Authority
Bloorview SA
Elementary538 mNot reported
Bessborough Drive Elementary and Middle School
Toronto DSB
Elementary788 m8.9 / 10
89% met the standard
St Anselm Catholic School
Toronto CDSB
Elementary966 m9.0 / 10
90% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in Leaside212 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$2.02M$3.03M$4.04M20252026this home’s asking price
$2.38Mlatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
99%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
0d8d15d20252026
6dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in leaside. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 494 people.

$200,000Median household income
85.7%Own their home
100%Detached houses
44.8Median age
20.8%Born outside Canada
68.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35202952 — the few blocks around this address, home to 494 people. It describes the area, not this property.

494Population
41.2Average age
2.9Household size
$288,000Average household income
$200,000Median household income
86%Own their home
14%Rent
0%Condominiums
21%Born outside Canada
69%University degree
$2,000,000Average home value
4%Low income
56%Not in the labour force
27%Never married
$50,000 to $59,9992%
$60,000 to $69,9992%
$100,000 and over48%
$100,000 to $124,9995%
$125,000 to $149,9993%
$150,000 to $199,99910%
$200,000 and over30%

Percentages are of the 300 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$800,000 · minimum here is $800,000
$17,711.13per month
Borrowed before insurance$3,199,999
Total borrowed$3,199,999
Interest over 25 years at 4.5%$2,113,340

If you rented it out

-$18,933.05per month out of pocket
Rent$0.00
Everything it costs to hold$18,933.05
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 3 still in progress.

1840 BAYVIEW AVE500 m
Under Review · applied September 29, 2022

Proposal for a 34-storey mixed use building with 24,103 square meters of residential area and 202 square meters of ground floor retail area fronting Bayview Avenue for a total of 24,305 square meters with a 14.75 FSI.

City planning file →
1840 BAYVIEW AVE500 m
OMB Appeal · applied September 29, 2022

Proposal for a 34-storey mixed use building with 24,103 square meters of residential area and 202 square meters of ground floor retail area fronting Bayview Avenue for a total of 24,305 square meters with a 14.75 FSI.

City planning file →
2 GLAZEBROOK AVE493 m
Under Review · applied July 14, 2022

Propose 34-storey (109.9 metre) residential and commercial mixed-use building. 434 residential units are proposed with 314 square metres of retail. The total gross floor area of the project is 29,600 squaremetres (FSI 13.78).…

City planning file →
1841 BAYVIEW AVE446 m
Closed · applied December 20, 2021

Site Plan Control application to permit a 25-storey building containing dwelling units and ground-floor retail. This is directly related to Rezoning application no. 21 233980 NNY 15 OZ

City planning file →
1839 BAYVIEW AVE451 m
Closed · applied November 4, 2021

This application proposes to amend the Zoning By-laws to permit a 25-storey mixed use building containing 288 residential units, and 256 square metres of retail gross floor area on the ground floor.

City planning file →
10 BURKEBROOK PL322 m
Closed · applied November 15, 2011

application for standard condominium for 21 townhouse units.

1860 BAYVIEW AVE469 m
Closed · applied October 13, 2010

Proposed 2-storey retail commercial building (with 2 retail units at grade and 1 retail unit on the second floor) with 193 parking spaces in a 2 level below grade garage. Concurrent site plan control approval application. Applications appealed to OMB.

1860 BAYVIEW AVE469 m
Closed · applied September 10, 2010

Proposed 2-storey retail commercial building (with 2 retail units at grade and 1 retail unit on the second floor) with 193 parking spaces in a 2 level below grade garage. Concurrent site plan control approval application. Applications appealed to OMB.

What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.. Listing data provided by the Toronto Regional Real Estate Board.