Homula Realty Brokerage
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159 RONCESVALLES Avenue, Toronto, ON M6R 2L3

Investment
$2,950,000

CARE-FREE INVESTMENT - 159 RONCESVALLES AVENUE, TORONTO - LONG TERM LEASES W/ ESCALATIONS SEPARATE METERS FOR HYDRO - COMMERCIAL TENANT PAYS FOR WATER, BUILDING INSURANCE & WASTE MANAGEMENT - ONE LONG TERM SUCCESSFUL COMMERCIAL TENANT AND ONE RENOVATED RESIDENTIAL UNIT LOCATED IN THE CENTRE OF A GREAT SHOPPING CORRIDOR MAIN FLOOR HEALTH FOOD STORE, LEASED TO "EVERGREEN NATURAL FOODS" (50 YRS TO PRESENT),

MLS number
W13054100
Type
Investment
Status
Active
Bedrooms
Bathrooms
Postal code
M6R 2L3
Photos
7
Property tax
$20,811 / year
137days · this listing
137days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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

Fern Avenue Junior and Senior Public School7.5 / 10
Elementary · Regular Track
TDSB boundary
Parkdale Collegiate Institute7.4 / 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
Garden Avenue Junior Public School
Toronto DSB
Elementary140 m9.1 / 10
91% met the standard
St Vincent de Paul Catholic School
Toronto CDSB
Elementary284 m8.3 / 10
83% met the standard
Howard Junior Public School
Toronto DSB
Elementary791 m7.6 / 10
76% met the standard
Parkdale Junior and Senior Public School
Toronto DSB
Elementary879 m5.1 / 10
51% met the standard
ÉIC Saint-Frère-André
CS catholique MonAvenir
Elementary1.1 kmNot reported
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 686 people.

$121,000Median household income
68.9%Own their home
14.5%Detached houses
40.8Median age
22.5%Born outside Canada
63.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35201350 — the few blocks around this address, home to 686 people. It describes the area, not this property.

686Population
39.8Average age
2.5Household size
$162,000Average household income
$121,000Median household income
69%Own their home
31%Rent
0%Condominiums
23%Born outside Canada
64%University degree
$1,500,000Average home value
7%Low income
35%Not in the labour force
25%Never married
$20,000 to $24,9992%
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9992%
$70,000 to $79,9995%
$80,000 to $89,9992%
$90,000 to $99,9994%
$100,000 and over37%
$100,000 to $124,9995%
$125,000 to $149,9995%
$150,000 to $199,9998%
$200,000 and over18%

Percentages are of the 415 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.

$590,000 · minimum here is $590,000
$13,061.96per month
Borrowed before insurance$2,360,000
Total borrowed$2,360,000
Interest over 25 years at 4.5%$1,558,589

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$9,879.21per month out of pocket
Rent$4,917.00
Everything it costs to hold$14,796.21
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 — 1 still in progress.

41 WABASH AVE424 m
NOAC Issued · applied January 9, 2020

Proposal to convert the existing 3-storey building to residential uses, construct a 1 storey addition above, and to construct 4-storey residential townhouse units on the site. A total of 15 residential dwelling units are proposed.

City planning file →
41 WABASH AVE424 m
Closed · applied October 12, 2018

Zoning By-law Amendment to facilitate redevelopment of the site with 4-storey townhouses to the rear of the existing 3-storey building, which will be retained.

City planning file →
35 WABASH AVE440 m
Closed · applied July 18, 2018

Draft Plan of Standard Condominium for a 4-storey building with 60 residential units and 68 parking spaces in 1 level of below grade parking.

City planning file →
35 WABASH AVE440 m
Closed · applied July 22, 2015

Zoning by-law amendment and site plann approval to permit a four-storey, 62-unit residential building.

35 WABASH AVE440 m
Closed · applied July 22, 2015
City planning file →
35 WABASH AVE440 m
Closed · applied October 21, 2011

Site Plan Application to facilitate the redevelopment of the existing industrial lands with 14 row house units developed in two blocks. Parking will be located below-grade via a private driveway.…

314 RONCESVALLES AVE469 m
Closed · applied March 19, 2009

Planning / rezoning application to create a Music Instruction facility (Non Amplified, Non Electronic) within a house form building (previously located at 421 Roncesvailles).

53 HIGH PARK BLVD494 m
Closed · applied March 10, 2009

Draft plan of condominium for a three-storey residential building containing 4 units, and 2 surface parking spaces at the rear.

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 CENTURY 21 REGAL REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.