- Bedrooms
- 5+4
- Bathrooms
- 2
- Size
- 1,100–1,500sq ft
- Per sq ft
- $1,837at the range’s middle
- Lot
- 31.08 x 489 ft
- Tax a year
- $11,1912025 tax year
- Parking
- 161 detached
- Days on market
- Members
The brief
About 23 Roycrest Ave
23 Roycrest Ave is a 5+4-bedroom, 2-bathroom detached house in Lansing-Westgate, Toronto, listed for sale at an asking price of $2,388,000 (MLS® C14135216).
**RARE RAVINE-BACKED INVESTMENT & DEVELOPMENT OPPORTUNITY IN PRIME NORTH YORK!**Nestled at the end of a quiet cul-de-sac, this exceptional property offers approximately 1.8 acres of ravine setting, mature trees, beautiful natural surroundings and outstanding privacy.**Featuring a LEGAL WALK-OUT BASEMENT APARTMENT with strong existing rental income!** An excellent opportunity for investors seeking immediate cash flow while exploring the property's long-term potential.Ideal for luxury custom home buyers, builders and developers looking to explore a magnificent custom estate, multi-unit residential development or purpose-built rental apartments, subject to municipal approvals, zoning and ravine protection regulations.Conveniently located near Yonge & Sheppard, subway access, shopping, restaurants, schools and major highways.**A UNIQUE OPPORTUNITY COMBINING CURRENT RENTAL INCOME, EXCEPTIONAL PRIVACY, NATURAL BEAUTY AND FUTURE DEVELOPMENT POTENTIAL!**
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Strong98/100+$6,172/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 detached homes with 9 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $11,191 / 2025
- MLS® number
- C14135216
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 31.08 x 489 ft
- Listed on
- Parking
- 1 Detached, 16 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- Lansing-Westgate
- Municipality
- Toronto
Building
- Size
- 1100-1500 sqft
- Construction
- Brick
Inside
- Bedrooms
- 5+4
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 3pc Bsmt
- Basement Type
- Apartment
- Kitchens
- 1
Parking
- Garage Type
- Detached
- Garage
- 1
- Additional Parking
- 15
- Total Parking
- 16
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 31.08 ft
- Depth
- 489 ft
- Lot Size
- 31.08 x 489 ft
Additional
- Foundation
- Concrete Block
- Roof
- Shingles
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All existing electrical light fixtures, window coverings, refrigerator(s), stove(s), range hood(s), dishwasher(s), washer(s), dryer(s), and all existing fixtures and appliances, where applicable. All items are included in "As-Is, Where-Is" condition, with no representations or warranties by the Seller.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Primary | 4.4 × 4.8 m | — | Main |
| 2nd Br | 3.2 × 3.25 m | — | Main |
| 3rd Br | 3.39 × 4.0 m | — | Main |
| 4th Br | 2.75 × 3.45 m | — | Main |
| Kitchen | 3.45 × 4.35 m | — | Main |
Listing history
Buy/sell history for 23 Roycrest Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,388,000 | N/A | For Sale | C14135216 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
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
- $477,600
- Total mortgage amount
- $1,910,400
- Total interest payment
- $1,358,100
- Total purchase cost
- $3,746,100
- Mortgage payment
- $10,895/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$11,828- Carrying cost $11,828
- Surplus $6,172
Rental income opens at $18,000, the median asking rent of 5 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $46,175
- Toronto municipal land transfer tax
- $46,175
- Total land transfer tax
- $92,350
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $83,875
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 $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,388,000
- $9,700
- Ontario total
- $46,175
Toronto’s municipal tax uses the same brackets at this price, so it adds another $46,175.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
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 Kassaundra Dobson, Broker of Record for a full comparative market analysis.
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.
The land
Lot
- Street frontage
- 31.08 ft9.5 m
- Depth
- 489 ft149 m
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- In the mapped Ravine and Natural Feature Protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City 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.
Zoning
Zone
RD (f15.0; a550) (x5)By-law
569-2013Municipality
Toronto1 f15.0
Frontage: at least 15.0 m.
2 a550
Lot area: at least 550 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.
Permit history
3 building permits cleared at this address in the City’s file.
Interior AlterationsInspection
Proposed interior alterations to construct a second unit in the basement.
Issued August 19, 2025
Building Permit Related(PS)Cancelled
Plumbing - o construct a new rear and side addition, 2nd storey addition, interior alterations and rear deck.
Completed August 15, 2025
Multiple ProjectsCancelled
To construct a new rear and side addition, 2nd storey addition, interior alterations and rear deck.
Completed August 15, 2025
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
297 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
280 m away295 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
290 m away290 SHEPPARD AVE WSite planUnder Review
INACTIVE Site Plan application for the proposal to construct a 6 storey hotel with a total of 6 parking spaces.
300 m away293 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
300 m away291 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
320 m away283 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
330 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.
The market
Detached homes for sale in Lansing-Westgate right now
- For sale now
- 45
- Median asking price
- $2M
- New in 7 days
- 5
- Price cuts
- 18%
Middle half: $1.6M to $2.79M
17 in 28 days
8 listings
This home is asking 20% above the median.
See all homes in Lansing-WestgateAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Sheppard-Yonge Station | TTC subway: Line 1 Yonge-University, Line 4 Sheppard | 1.4 km |
| North York Centre Station | TTC subway: Line 1 Yonge-University | 1.7 km |
| York Mills Station | TTC subway: Line 1 Yonge-University | 2.3 km |
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 2.8 km |
| Downsview Park Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie | 4.1 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.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Cameron Public SchoolToronto DSB | Public · grades JK–5 | 700 m | 81%Grade 3 average |
| St Edward Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.3 km | 82%Grade 6 average |
| Churchill Public SchoolToronto DSB | Public · grades JK–5 | 1.4 km | 83%Grade 3 average |
| École élémentaire Paul-DemersConseil scolaire Viamonde | French-language public · grades JK–6 | 5.5 km | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Cardinal Carter Academy for the ArtsToronto CDSB | Catholic · grades 9–12 | 1.7 km | 87%Grade 9 math |
| Earl Haig Secondary SchoolToronto DSB | Public · grades 9–12 | 2.2 km | 84%Grade 9 math |
| Northview Heights Secondary SchoolToronto DSB | Public · grades 9–12 | 2.3 km | 57%Grade 9 math |
| ÉSC Monseigneur-de-CharbonnelConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3.2 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.
The verdict
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Sold prices in Lansing-Westgate are shown to signed-in members.