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MLS® C14005606For SaleCondominium

401-407 Walmer Rd

Casa Loma, Toronto, Ontario M5R 3N2

Map

Asking$1,998,000

Bedrooms: 3
Bathrooms: 2
Size: 2,000–2,249sq ft
Per sq ft: $940at the range’s middle
Tax a year: $7,6502026 tax year
Parking: 11 underground
Days on market: Members

The brief

About 401-407 Walmer Rd

401-407 Walmer Rd is a 3-bedroom, 2-bathroom condo in Casa Loma, Toronto, listed for sale at an asking price of $1,998,000 (MLS® C14005606).

Suites in this intimate boutique building are rarely offered for sale. A beautifully renovated corner residence offering approximately 2,100 square feet of elegant living space and breathtaking panoramic views of the downtown Toronto skyline in Forest Hill. Bathed in natural light, this exceptional suite enjoys south, north, and east exposures, with ever-changing vistas over the treetop of the Nordheimer Ravine. A welcoming foyer leads to expensive principal rooms, including generous living and dining areas. The renovated white kitchen features shaker cabinetry, Corian countertops, a bright breakfast area with unobstructed eastern views. The oversized primary suite with sitting areas, a walk-in closet, a renovated 3-piece ensuite, and a balcony. The second bedroom, currently used as a den, with wall-to-wall closets, wood floor has unobstructed east views. Additional features include a separate laundry room with washer, dryer, laundry sink, and second refrigerator, one underground parking space, and a locker. Residents enjoy an exercise room, sauna, visitor parking, barbecues permitted on balconies and pets permitted as per by-laws. This exclusive seven storey building with only 14 suites is a rare find in the city. Ideally located within walking distance to Forest Hill Village, Winston Churchill Park, TTC, grocery stores, restaurants, shops, synagogues, and churches. A truly special opportunity to enjoy a spacious, quiet condominium surrounded by nature, with spectacular ravine and skyline views in one of the city's most desirable neighbourhoods.

Insights

Condition Score
Good
71/100
1 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall
5/100
−$9,890/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 610 condos with 3 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage, property tax and the condo fee.

Condition uses listing-record signals, not an inspection.

$1,998,000

Estimated market value

Inquire about this listing

ToKassaundra Dobson, Broker of RecordVALERY REAL ESTATE INC.

Listed by Johnston & Daniel, Brokerage. Kassaundra is not the listing agent.

The home

Key facts

Tax: $7,650 / 2026
MLS® number: C14005606
Board: TRREB MLS®
Property Type: Condo Apt
Days on market
Size: 2000-2249 sqft
Listed on
Parking: 1 Underground, 1 Parking

Listing brokerage: Johnston & DanielData source: TRREB MLS®Information deemed reliable but not guaranteed. Contained information is subject to errors, omissions, and changes without notice. Information should be independently verified.

Property details

Property

Property Type: Condo Apt
Style: 1 Storey/Apt
Community: Casa Loma
Municipality: Toronto

Building

Size: 2000-2249 sqft
Construction: Brick

Inside

Bedrooms: 3
Bathrooms: 2
Bathroom Details: 1 × 3pc Flat, 1 × 4pc Flat
Basement Type: None
Kitchens: 1

Parking

Garage Type: Underground
Garage: 1
Additional Parking: 0
Total Parking: 1

Utilities

Cooling: Central Air
Heating Type: Baseboard

Additional

Fireplace: Yes
Den: No
Family room: No
Extras: KitchenAid, Fridge, Bosch dishwasher, GE Stove, Panasonic microwave, Whirlpool stacked washer & dryer, Kenmore second fridge in laundry room, Hunter Douglas blinds, Ceiling fans, all light fixtures (except excluded) , Electric fireplace in living room.
Condo maint.: $3,586

Rooms

Room	Size	Features	Level
Foyer	2.11 × 5.64 m	W/W Closet, Pot Lights, hardwood floor	Flat
Living	5.11 × 6.1 m	Electric Fireplace, W/O To Balcony, South View	Flat
Dining	3.86 × 4.8 m	Combined W/Living, hardwood floor	Flat
Kitchen	2.62 × 6.4 m	Breakfast Area, Renovated	Flat
Primary	4.04 × 5.36 m	3 Pc Ensuite, W/I Closet, W/O To Balcony	Flat
2nd Br	3.63 × 3.99 m	W/O To Balcony, Double Closet, hardwood floor	Flat
3rd Br	3.15 × 4.14 m	W/W Closet, Ceiling Fan, hardwood floor	Flat

Listing history

Buy/sell history for 401-407 Walmer Rd, 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	$1,998,000	N/A	For Sale	C14005606

Members see the full history. Prices are hidden from signed-out visitors.

The numbers

Mortgage Calculator

Plan with the current asking price

Asking price Fixed

Interest rate

Mortgage term

Amortization

Down payment20% · $399,600

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: $399,600
Total mortgage amount: $1,598,400
Total interest payment: $1,136,400
Total purchase cost: $3,134,400
Mortgage payment: $9,116/mo

Cash Flow Analysis

If you rented this home out at 20% down

Mortgage paymentProperty tax (monthly)Rental incomeMaintenance cost

Break-even down payment

—

Monthly carrying cost

$13,340

−$9,890per month

Rent $3,450
Shortfall $9,890

Rental income opens at $3,450, the median asking rent of 610 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: $36,435
Toronto municipal land transfer tax: $36,435
Total land transfer tax: $72,870
First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475): −$8,475
Total for first-time buyers: $64,395

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 $1,998,000: $31,960
Ontario total: $36,435

Toronto’s municipal tax uses the same brackets at this price, so it adds another $36,435.

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

Land and environment

Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.

18 records · 11 on fileRead 2026-11-05

On record Checked, none on record

Water and conservation4

Inside Toronto and Region Conservation Authority’s mapped regulated areaHere the area is drawn from crest of slope, river meander belt mapping. Work on the property, such as an addition or grading, may need a permit from Toronto and Region Conservation Authority. It does not mean the house floods.At the address
No mapped wetland within 120 m120 m
No water-supply well recorded within 250 m7 test or monitoring holes also recorded.250 m
Groundwater recorded about 8 m below ground nearbyThe middle water level in the well records within 500 m (124 records). It changes with the season and from spot to spot.500 m

Toronto and Region Conservation Authority · Province of Ontario open data

Planning and building activity5

Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
25 building permits issued within 250 m in the last 2 years250 m
1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
Nearest airport: 5.6 km5.6 km
Mapped parcel: about 17,550 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address

Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels

Around the home2

Nearest rail line: 940 m940 m
A trail on the Ontario trail network within 1 km1 km

Province of Ontario open data

Environmental records4

No licensed pit or quarry within 2 km2 km
No recorded oil, gas or salt well within 250 m250 m
No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is The Governing Council of the University of Toronto — St George Campus, 2.8 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km

Province of Ontario open data · Government of Canada open data

Power and internet3

Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
Wired internet 50/10 Mbps or faster is listed at a household 100 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (100 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.100 m
Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, Dotto One, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide

Ontario Energy Board · Innovation, Science and Economic Development Canada

Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.

Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.

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 (d0.6) (x1426)

By-law

569-2013

Municipality

Toronto

Residential Detached zone (RD)

1 d0.6
Density: floor area is capped at 0.6 times the lot area.
2 x1426
Site-specific exception 1426: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.20 of By-law 569-2013 · Exception 900.3.10(1426)
4 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

7 building permits cleared at this address in the City’s file.

Garage Repair/ReconstructionPermit Issued
Proposal for repairs to P1 and P2 Ramp Slab for existing residential apartment building
Issued August 6, 2021
Backflow Prevention Devices (Water only)Inspection
Proposal to install a backflow prevention device
Issued January 2, 2019
Other(BA)Cancelled
Proposal for slab repair, remove and replace landscaping, curbs and interlock at the front of the existing apartment building.
Completed August 26, 2020
Other(BA)Inspection
Proposal to enclose existing balcony (7.49m2) in existing residential unit 202 in apartment condominium building. Also see CofA file 10-180195.
Issued September 7, 2010
Building Permit Related(MS)Closed - Dormant
HVAC - One A/c unit added
Issued January 18, 2007
Alteration to Existing BuildingInspection
Alter plans as approved under 430835 bydecommissisioning and blocking up 4 additional chimneys on 2nd, 3rd & 4th floor.Ed Barko is familiar.
Issued March 27, 2000
UnknownInspection
Decommission and block up 7 fireplace chimneys on 6th and 7th floor. fee$ 210.00
Issued October 1, 1999

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

Changing nearby. 6 open development applications within 800 m of this home.

429 WALMER RDSite planUnder Review
May 2023 resubmission: The application has been revised as follows: A 73.5 metre (19-storey inclusive of mechanical penthouse) mixed-use building is proposed with 17,930 square metres of gross floor area of which 200 square metres is non-residential. 98 residential units and 139 parking spaces are proposed.See the related Rezoning application: 22 192578 STE 12 OZ The rezoning application proposes a 19-storey mixed-use building, including 87 residential units with commercial space at grade. The proposed building has an overall height of 68.4 metres (75.9 metres including mechanical penthouse), with a total gross floor area of 18,450 square metres.

240 m away
1467 BATHURST STCondominiumUnder Review
*** Draft Plan of Condominium for 1144 condo units.There is a Zoning By-law Amendment application which is approved.There is a concurrent Site Plan Control application which is currently under review.

510 m away
271 RUSSELL HILL RDSite planUnder Review
Site Plan Amendment to 08 150183 STE 22 SA

610 m away
5 RAGLAN AVECondominiumUnder Review
*** Draft Plan of Condominium for 170 units.There is a OLT approved Zoning By-law Amendment application. There is a concurrent Site Plan Control application which is currently under review.

620 m away
7 RAGLAN AVECondominiumUnder Review
*** Draft Plan of Condominium for 170 units.There is a OLT approved Zoning By-law Amendment application. There is a concurrent Site Plan Control application which is currently under review.

620 m away
9 RAGLAN AVECondominiumUnder Review
*** Draft Plan of Condominium for 170 units.There is a OLT approved Zoning By-law Amendment application. There is a concurrent Site Plan Control application which is currently under review.

620 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

Condos for sale in Casa Loma right now

For sale now: 40
Median asking price: $1.52M
New in 7 days: 7
Price cuts: 23%

This home is asking 31% above the median.

See all homes in Casa Loma

Asking 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

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Community

Property type

The street

Map and tour

Open in maps

Transit nearby

Station	Lines	Distance
St Clair West Station	TTC subway: Line 1 Yonge-University	350 m
Dupont Station	TTC subway: Line 1 Yonge-University	1.1 km
St Clair Station	TTC subway: Line 1 Yonge-University	1.6 km
Chaplin Station	TTC light rail: Line 5 Eglinton	2.2 km
Bloor GO	GO Transit train: KitchenerUP Express train	4.3 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 and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, 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.

Schools nearby

Elementary	Type	Distance	EQAO average 2024–25
Holy Rosary Catholic SchoolToronto CDSB	Catholic · grades JK–8 · French Immersion	250 m	82%Grade 6 average
Hillcrest Community SchoolToronto DSB	Public · grades JK–6	600 m	83%Grade 6 average
Brown Junior Public SchoolToronto DSB	Public · grades JK–6 · French Immersion	850 m	91%Grade 6 average
ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenir	French-language Catholic · grades JK–6	2.1 km	60%Grade 6 average

Secondary	Type	Distance	Grade 9 math 2024–25
Oakwood Collegiate InstituteToronto DSB	Public · grades 9–12 · French Immersion	2.1 km	44%Grade 9 math
Loretto College SchoolToronto CDSB	Catholic · grades 9–12	2.1 km	40%Grade 9 math
Central Technical SchoolToronto DSB	Public · grades 9–12	2.3 km	34%Grade 9 math
Collège français secondaireConseil scolaire Viamonde	French-language public · grades 9–12	3.6 km	86%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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