For SaleDetached · 1 1/2 StoreyMLS® #C14171514 · TRREB MLS®
185 Steeles Ave, Toronto, Ontario
Newtonbrook East, Toronto, Ontario M2M 3Y6
- Bedrooms
- 4+2
- Lot Size
- 67 x 120.75 ft
- Bathrooms
- 5
- Type
- Detached
- Basement
- Finished
$1,588,000
Estimated market value
About 185 Steeles Ave
185 Steeles Ave is a 4+2-bedroom, 5-bathroom detached house in Newtonbrook East, Toronto, listed for sale at an asking price of $1,588,000 (MLS® C14171514).
**Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East!** Attention Investors, Builders & Developers! Unlock the incredible potential of this expansive **67 x 120.75 Ft Lot** with excellent exposure on Steeles Avenue in a highly desirable Toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**Outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the City of Toronto.50 foot lot has been granted same recently on Steeles Ave E. An excellent opportunity to explore **CMHC financing programs**, including MLI Select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**Invest Today, Generate Income Tomorrow & Build for the Future!** Whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in Toronto, this property offers tremendous long-term potential. **Rare Opportunity to Acquire a Large Income-Producing Lot with Significant Redevelopment Upside!***Buyer and Buyer's Agent to conduct their own due diligence regarding zoning, permitted uses, development potential, All development concepts are subject to City of Toronto approval.*
Insights
Condition Score
Good1 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall−$1,368/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 51 detached homes with 6 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
Key facts
- Tax
- $7,473 / 2025
- MLS® number
- C14171514
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 67 x 120.75 ft
- Listed on
- Parking
- 1 Detached, 8 Parking
Listing history
Buy/sell history for 185 Steeles Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
Dates and closing prices are shown to signed-in members.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date Start— | — | $1,588,000 | — | For Sale | C14171514 |
Members see the full history. Prices are hidden from signed-out visitors.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kishan Patel for a full comparative market analysis.
Property details
Property
- Property Type
- Detached
- Style
- 1 1/2 Storey
- Community
- Newtonbrook East
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Alum Siding
Inside
- Bedrooms
- 4+2
- Bathrooms
- 5
- Bathroom Details
- 2 × 3pc Main, 1 × 3pc 2nd, 1 × 3pc Bsmt, 1 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 3
Parking
- Driveway
- Private
- Garage Type
- Detached
- Garage
- 1
- Additional Parking
- 7
- Total Parking
- 8
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 67 ft
- Depth
- 120.75 ft
- Lot Size
- 67 x 120.75 ft
Additional
- Foundation
- Concrete
- Roof
- Shingles
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All exsisting appliances AS IS
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.26 × 4.34 m | Laminate | Main |
| Dining | 3.65 × 4.34 m | Laminate | Main |
| Kitchen | 3.4 × 3.55 m | Laminate | Main |
| Primary | 3.65 × 4.02 m | Laminate | Main |
| 2nd Br | 3.43 × 6.09 m | Laminate | 2nd |
| 2nd Br | 3.0 × 4.49 m | Laminate | 2nd |
| Den | 2.13 × 2.33 m | Laminate | 2nd |
| Br | 3.81 × 4.82 m | Laminate | Bsmt |
| Br | 2.89 × 3.31 m | Laminate | Bsmt |
| Kitchen | 3.0 × 2.7 m | Laminate | Upper |
| Kitchen | 2.0 × 2.0 m | Laminate | Bsmt |
| Kitchen | 2.0 × 2.0 m | Laminate | Bsmt |
Map and tour
Detached homes for sale in Newtonbrook East right now
- For sale now
- 48
- Median asking price
- $1.59M
Middle half: $1.4M to $2.47M
This home is asking at the median.
See all homes in Newtonbrook EastAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Signals around this home
Changing nearby. 6 open development applications on this home’s street within 800 m.
Zoning By-law AmendmentIn Progress
To develop 7 rear lane townhouse units, containing 14 parking spaces, and 2 visitor parking spaces.
100 m awayMinor VariancesIn Progress
To seek relief from by-law to increase max floor area, building depth, building height and front yard encroachment in order to permit for a single detached dwelling.
410 m awayMinor VariancesIn Progress
To permit a two storey single detached dwelling.
410 m awayMinor VariancesIn Progress
To permit a maximum building depth of 20 metres, whereas the by-law permits a maximum building depth of 16.8 metres for a cabana.
460 m awayMinor VariancesIn Progress
550 m awayMinor VariancesIn Progress
REVISED- To seek relief from by-law by decreasing the max building height, max floor area in order to permit a second dwelling unit (basement apartment) on the subject property.
600 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
Land transfer tax on this home
- Ontario land transfer tax
- $28,235
- Toronto municipal land transfer tax
- $28,235
- Total land transfer tax
- $56,470
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $47,995
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,588,000
- $23,760
- Ontario total
- $28,235
Toronto’s municipal tax uses the same brackets at this price, so it adds another $28,235.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No cleared building permit found for this address in the City’s cleared-permits file, which begins in 2017. Older permits, open permits and permits filed under another address form may not appear.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Agnes Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 350 m | 87%Grade 6 average |
| Henderson Avenue Public SchoolYork Region DSB | Public · grades JK–8 | 550 m | 91%Grade 6 average |
| Lillian Public SchoolToronto DSB | Public · grades JK–5 | 550 m | 62%Grade 3 average |
| École élémentaire Paul-DemersConseil scolaire Viamonde | French-language public · grades JK–6 | 3.2 km | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Brebeuf College SchoolToronto CDSB | Catholic · grades 9–12 | 200 m | 80%Grade 9 math |
| St Joseph Morrow Park Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 1.3 km | 63%Grade 9 math |
| Thornhill Secondary SchoolYork Region DSB | Public · grades 9–12 · French Immersion | 1.5 km | 68%Grade 9 math |
| ÉSC Monseigneur-de-CharbonnelConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 2.2 km | 63%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Yonge / Steeles | YRT bus rapid transit: Viva Blue | 1.2 km |
| Yonge / Clark | YRT bus rapid transit: Viva Blue | 1.5 km |
| Yonge / Centre | YRT bus rapid transit: Viva Blue | 2.3 km |
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 2.4 km |
| Old Cummer GO | GO Transit train: Richmond Hill | 2.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Zoning
Zone
RD (f15.0; a600) (x5)By-law
569-2013Municipality
Toronto1 f15.0
Frontage: at least 15.0 m.
2 a600
Lot area: at least 600 m² per dwelling unit.
3 x5
Site-specific exception 5: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 10, section 10.20 of By-law 569-2013 · Exception 900.3.10(5)
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Lot
- Lot area
- 8,090 sq ft752 m²
- Street frontage
- 67 ft20.4 m
- Depth
- 120.75 ft36.8 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $317,600
- Total mortgage amount
- $1,270,400
- Total interest payment
- $903,100
- Total purchase cost
- $2,491,100
- Mortgage payment
- $7,245/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
35%Monthly carrying cost
$7,868- Rent $6,500
- Shortfall $1,368
Rental income opens at $6,500, the median asking rent of 51 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Market area · filters apply to the charts below
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Sold prices in Newtonbrook East are shown to signed-in members.