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New2 hours ago

40 Fernwood Park Avenue

The Beaches, Toronto

$1,479,000

Semi-Detached |3-Storey
4 | 4 | 0
About this home

True Beach living on one of the neighbourhood's most peaceful, tree-lined streets. Tucked away from through traffic yet just steps from the lake, boardwalk, waterfront bike path and Balmy Beach Club, this exceptional three-storey home offers a rare combination of luxury, space and location.The open-concept main floor is designed for effortless entertaining, with heated floors, a convenient powder room and a folding glass wall with a retractable screen that creates a seamless connection to the outdoors. The chef's kitchen is equipped with a premium collection of Sub-Zero, Miele and Bosch appliances.Three bedrooms and a family bathroom occupy the second floor, while the entire third level is devoted to a private owner's retreat. This impressive suite features a gas fireplace, walkout to a rooftop terrace with seasonal CN Tower views, and a spa-inspired ensuite complete with a steam shower, heated towel rack and freestanding tub. Heated floors extend throughout all three above-grade levels.The finished lower level offers exceptional flexibility, with a separate entrance, kitchen, bathroom and oversized windows-ideal for an in-law suite, guests, a nanny or additional living space.A remarkable home in a heavily treed, tucked-away setting at the foot of Fernwood Park Avenue, where the boardwalk, beach and lake become part of everyday life.

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BrokerHub Inc.
(647) 254-1864
TypeSemi-Detached
Style3-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,167
Lot Size18.75 ft x 101 ft
mls© NumberE13786220
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,570
Property tax
$597
Heat allowance
$150
Housing costs
$8,317 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $295,800
25-yr amortization

Income needed

$256,000

gross annual household income

Payment at 4%
$6,224 / mo
Cash down
$295,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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