23 Banstock Drive, Toronto C15

$1,489,000
23 Banstock Drive

$1,489,000

New
29d
DetachedBacksplit 4

23 Banstock Drive, Toronto C15

Total Monthly Obligation $7,064

Beds
4
Baths
3
Park
4
Sqft
2000-2500
DOM
29d
Score
16
Yield
3.7%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.8%
Property Type-Detached
MLS® Number-C13822962
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-56.96 × 137.76 ft
Listed on site-Sep 24, 2026
Style-Backsplit 4
Building Type-Detached
Taxes-$8,197 (2026)
Parking-6 - Built-In
Basement-Finished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS REFERRED URBAN REALTY
Cooling-Central Air
Laundry-No
Fireplace-Family Room
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-60-90 TBA
Neighbourhood-Bayview Woods-Steeles
Title-Residential Freehold

No agent assigned

Welcome to a truly special 4 bedroom/3 bathroom family home in sought-after Bayview Woods, lovingly cared for and thoughtfully updated by the same family for over 50 years. Set on a quiet court with wide lots and beautiful homes, this spacious 4-level backsplit offers an incredible amount of living space inside and out. First, take a moment and relax on the front porch....Gorgeous front and back gardens set the tone. Inside, rich solid oak floors, pot lights and newer windows complement an inviting layout. The beautifully renovated family-size kitchen features granite counters, quality stainless steel appliances and an exceptionally thoughtful use of cabinetry, counter and storage space! Designed with both serious cooks and busy families in mind. Upstairs are three generous bedrooms and two full updated bathrooms. There is a 3pc ensuite and Walk In Closet in the Primary Bedroom! The lower level adds tremendous versatility with a 4th bedroom, convenient side entrance and 2-piece bath that can easily be made a 3pc, plus a sprawling family room with fireplace and walkout to the patio and ultra-private backyard. And there's more! The basement has long been enjoyed as hobby and games space, along with a large bright laundry room and excellent storage. A huge dry crawlspace keeps everything neatly tucked away. A large cantina for those who make wine or can tomatoes! The oversized double garage features a high ceiling with potential for additional loft storage. Perfectly positioned on a quiet section of Banstock Dr., where a small treed and grassy island keeps the street traffic safely away from the front of the home where the kids like to play - it's like being on a cul-de-sac! Walk to TTC and close to excellent schools including Zion Heights, A.Y. Jackson and Lester B. Pearson French Immersion. Shopping, Banks and Beautiful Parks all close by! 23 Banstock Drive is an exceptionally well-cared-for home designed for real family living!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,191,200
Land Transfer Taxes$26,255
Legal Fees (Est.)
$
Total cash required for closing$325,555

Total Monthly Obligation

$7,064/mo
Mortgage $6,006
Monthly Loss $5,484
Principal$1,581
Interest$4,426
Property Tax$683
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.1%1
5-Year IRR
6.9%18
10-Year IRR
8.1%
Returns Index
10.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$54,816/yr
NOI
$36,637/yr
Net Cash Flow
-$2,953/mo
Cash Margin
-64.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
14.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 23 Banstock Drive

Time

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