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.

427-429 Vaughan Road, Toronto, ON M6C 2P1

Store W Apt/Office
$3,250,000

Prime Mixed-Use Investment Opportunity In The Desirable Humewood-Cedarvale Community Along Vibrant Vaughan Rd. Situated On An Expansive Lot With Rare 37.95 Ft Frontage, This Well-Maintained Property Features A Strong Main Floor Commercial Space With 4 Residential Apartments Located On The Second Floor Of The Building. Main Floor Unit May Be Available Vacant On Closing, Presenting Excellent Potential For End Users Or Investors Seeking Flexibility In A High-Demand Area. Conveniently Located Near The Eglinton LRT, St. Clair West Amenities, Oakwood Village, And Surrounded By Established Residential Neighbourhoods. Outstanding Opportunity In A Fantastic Central Toronto Location.

MLS number
C13763522
Type
Store W Apt/Office
Status
Active
Bedrooms
Bathrooms
Postal code
M6C 2P1
Photos
35
Property tax
$15,429 / year
4days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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

J R Wilcox Community School7.2 / 10
Elementary · Regular Track
TDSB boundary
Oakwood Collegiate Institute6.6 / 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
Humewood Community School
Toronto DSB
Elementary455 m7.5 / 10
75% met the standard
St Alphonsus Catholic School
Toronto CDSB
Elementary655 m7.4 / 10
74% met the standard
Cedarvale Community School
Toronto DSB
Elementary799 m8.5 / 10
85% met the standard
Rawlinson Community School
Toronto DSB
Elementary822 m6.3 / 10
63% met the standard
D'Arcy McGee Catholic School
Toronto CDSB
Elementary886 m4.8 / 10
48% 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 512 people.

$98,000Median household income
54.5%Own their home
45.5%Detached houses
43.6Median age
35%Born outside Canada
40.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204512 — the few blocks around this address, home to 512 people. It describes the area, not this property.

512Population
43.7Average age
2.3Household size
$118,000Average household income
$98,000Median household income
55%Own their home
46%Rent
0%Condominiums
35%Born outside Canada
41%University degree
$1,260,000Average home value
8%Low income
47%Not in the labour force
30%Never married
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9995%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9995%
$70,000 to $79,9993%
$80,000 to $89,9992%
$90,000 to $99,9993%
$100,000 and over33%
$100,000 to $124,9995%
$125,000 to $149,9996%
$150,000 to $199,99911%
$200,000 and over13%

Percentages are of the 320 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.

$650,000 · minimum here is $650,000
$14,390.30per month
Borrowed before insurance$2,600,000
Total borrowed$2,600,000
Interest over 25 years at 4.5%$1,717,089

If you rented it out

-$15,676.05per month out of pocket
Rent$0.00
Everything it costs to hold$15,676.05
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 — 2 still in progress.

443 ARLINGTON AVE37 m
Under Review · applied July 15, 2025

Site Plan Approval for a new one-storey above-grade concrete structure extending east of the existing fan room and replacement of existing fans to the subway ventilation plant at Markdale ESB.

City planning file →
501 ARLINGTON AVE152 m
Under Review · applied May 14, 2025

Site Plan Approval for a two-storey north side addition to a private school (Leo Baeck Day School).

City planning file →
350 VAUGHAN RD338 m
Closed · applied December 22, 2020

A City Initiated Zoning By-law Amendment is being considered to allow the site to be redevelopment in two phases

City planning file →
272 ATLAS AVE226 m
Closed · applied August 22, 2018

Site Plan Control application for six 3-storey townhouses containing 6 dwelling units. One unit is to have a secondary suite.

City planning file →
350 VAUGHAN RD338 m
Closed · applied December 5, 2017

Application for an exemption from Part Lot Control to create 10 freehold lots (7 detached dwellings and 2 semi-detached dwellings).

City planning file →
598 RUSHTON RD186 m
Closed · applied November 24, 2017

Zoning By-Law Amendment to facilitate the conversion and expansion of existing , vacant building for the purpose of a single family dwelling unit by: severing and registering an easement over 598 Rushton Road to provide outdoor amenity space and servicing and …

City planning file →
350 VAUGHAN RD338 m
Closed · applied September 24, 2013

To construct seven 3-storey detached houses and two 3-storey semi-detached units. Parking is to be provided at the rear of the units with access off of a public laneway.

464 WINONA DR330 m
Closed · applied September 9, 2011

16 three storey townhouse units in two blocks of 8 units.

City planning file →
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 RE/MAX ULTIMATE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.