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.

7 Bannon Avenue, Toronto, ON M8X 1T6

4 beds · 3 baths · 1 kitchen · 8+2 rooms · 5 parking spaces · 2000-2500 sq ft · Laundry on the lower level level · Detached
$3,095,000
Property tax
$12,822 / year

A rare opportunity to own a beautifully renovated family residence in the heart of the highly coveted Kingsway. Set on an exceptional 50 x 120 ft. lot on one of the neighbourhood's quietest, most family-friendly streets, with ~3,000 sq. ft. of living space, this home delivers the space, privacy and lifestyle discerning families are looking for. Completely renovated in 2020, the home showcases a sophisticated open-concept design with generous principal rooms, 4 bedrooms and 3 bathrooms. The stunning primary retreat features a luxurious ensuite and an expansive walk-in closet, while thoughtfully designed built-in storage throughout the bedrooms keeps everyday living effortlessly organized. A beautifully appointed mudroom with heated floors, custom built-ins, ample storage and a separate entrance adds exceptional function and convenience. The finished basement further extends the home's living space with a brand-new oversized laundry room, large recreation room ideal for family movie nights, play space or entertaining, and a convenient bathroom rough-in offering future flexibility. Outside, the private backyard offers a peaceful retreat and plenty of room for children to play, while the quiet street that you can enjoy from your front porch with overhead infrared heater invites the kind of carefree family living that is increasingly hard to find. The location is truly exceptional. Walk to the Kingsway's renowned shops, restaurants and cafes, Royal York and Old Mill subway stations, and highly regarded schools including Lambton Kingsway School, Our Lady of Sorrows Catholic School, ECI and Kingsway College Private School. Lambton-Kingsway Park is just steps away, offering an outdoor skating,, community pool, tennis courts, baseball fields and extensive recreational amenities. A double-wide driveway provides parking for up to four vehicles, plus a garage. A sophisticated, move-in-ready home on a remarkable lot in one of Toronto's most sought-after family neighbourhoods.

MLS number
W13737042
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
M8X 1T6
Photos
50
Laundry
Lower Level level
12days · 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

Lambton-Kingsway Junior Middle School9.1 / 10
Elementary · Regular Track
TDSB boundary
Etobicoke Collegiate Institute8.2 / 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
Warren Park Junior Public School
Toronto DSB
Elementary645 m7.4 / 10
74% met the standard
Canadian Academy of Secondary StudiesSecondary1.1 kmNot reported
St James Catholic School
Toronto CDSB
Elementary1.0 km8.8 / 10
88% met the standard · 3 of 6 measures
Lambton Park Community School
Toronto DSB
Elementary1.2 km5.3 / 10
53% met the standard
Humbercrest Public School
Toronto DSB
Elementary1.1 km8.0 / 10
80% 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 Toronto W08968 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$1.30M$2.21M$3.13M20252026this home’s asking price
$1.52Mlatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
0d11d22d20252026
17dlatest 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 toronto w08. 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 573 people.

$268,000Median household income
100%Own their home
97.1%Detached houses
43.2Median age
32.4%Born outside Canada
65.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35203110 — the few blocks around this address, home to 573 people. It describes the area, not this property.

573Population
39Average age
3.3Household size
$456,000Average household income
$268,000Median household income
100%Own their home
0%Rent
0%Condominiums
32%Born outside Canada
66%University degree
$1,980,000Average home value
3%Low income
51%Not in the labour force
28%Never married
$50,000 to $59,9992%
$70,000 to $79,9992%
$100,000 and over48%
$100,000 to $124,9993%
$125,000 to $149,9993%
$150,000 to $199,9997%
$200,000 and over35%

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.

$619,000 · minimum here is $619,000
$13,703.99per month
Borrowed before insurance$2,476,000
Total borrowed$2,476,000
Interest over 25 years at 4.5%$1,635,197

If you rented it out

-$14,772.49per month out of pocket
Rent$0.00
Everything it costs to hold$14,772.49
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.

4160 DUNDAS ST W459 m
Under Review · applied June 10, 2022

The proposed development includes a six-storey and eight mass timber mixed use building, one (sixstorey) portion fronting Dundas St W with commercial at grade, the second (eight storey) portion facing the Humber River connected by a corridor at grade.

City planning file →
16 EARLINGTON AVE382 m
Application Received · applied August 5, 2026
City planning file →
16 EARLINGTON AVE382 m
Application Received · applied August 5, 2026
City planning file →
4127-4129 DUNDAS ST W314 m
Closed · applied April 4, 2023

Draft plan condominium for 114 units.

City planning file →
4165 DUNDAS ST W426 m
Closed · applied April 28, 2022

Site Plan Approval - Proposed development includes a 10-storey (36.55 metres in height) residential building containing 141 condominium units and ten townhouse units (4-storeys) along the south property line.…

City planning file →
38 EARLINGTON AVE410 m
Closed · applied February 26, 2020

An Official Plan Amendment and Zoning By-law Amendment application to permit a proposed 10-storey (36.55 m) residential building on the northern portion of the site and four 4-storey (13.1 m) back-to-back townhouse units on the southern portion of the site.

City planning file →
4125 DUNDAS ST W307 m
Closed · applied February 28, 2017

Proposal to construct an eight storey residential building with 114 residential units (including 12 proposed rental replacement units) and a below grade parking garage. The three existing buildings on site would be demolished.

City planning file →
4125 DUNDAS ST W307 m
Closed · applied January 29, 2016

Proposed amendments to the Etobicoke Zoning Code (amending By-law 717-2006) to permit an eight storey residential building with 114 residential units (including 12 proposed rental replacement units) and a below grade parking garage.…

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 PROFESSIONALS INC.. Listing data provided by the Toronto Regional Real Estate Board.