38 Avenal Drive, Toronto C03

$2,189,000
38 Avenal Drive

$2,189,000

New
29d
Detached2-Storey

38 Avenal Drive, Toronto C03

Total Monthly Obligation $10,065

Beds
4
Baths
3
Park
2
Sqft
< 700
DOM
29d
Score
13
Yield
1.5%
Cash on Cash
-17.2%
Cap Rate
0.9%
5Y IRR
2.2%
10Y IRR
4.4%
Property Type-Detached
MLS® Number-C13823414
Beds-4
Bathrooms-3
Size-< 700 sqft
Lot Size-40 × 128.62 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$10,324.34 (2026)
Parking-3 - None
Basement-Full
Heating-Forced Air (Oil)
Brokerage-KELLER WILLIAMS PORTFOLIO REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Shingles
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Humewood-Cedarvale
Title-Residential Freehold

No agent assigned

Build your dream home on this 40 foot lot on one of Cedarvale's most desirable streets. Located at the corner of Hill Place and Avenal, the property lends itself to an array of architectural design possibilities. Literally steps to both Beth Tzedec and Holy Blossom synagogues, Cedarvale Ravine, Cedarvale public school , Leo Baeck, and Robbins Hebrew Academy. Walk over to Glen Cedar Park and then head north to Eglinton shops and restaurants. Quick access to TTC, LRT and Allen Expressway. Same owner for 63 years.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,751,200
Land Transfer Taxes$41,200
Legal Fees (Est.)
$
Total cash required for closing$480,500

Total Monthly Obligation

$10,065/mo
Mortgage $8,830
Monthly Loss $7,742
Principal$2,324
Interest$6,506
Property Tax$860
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
0.6%6
Cash-on-Cash
-19.6%0
5-Year IRR
0.3%3
10-Year IRR
3.3%
Returns Index
2.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$31,956/yr
NOI
$13,936/yr
Net Cash Flow
-$7,668/mo
Cash Margin
-288.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.131
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.0/ 100

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

Comparables

Properties near 38 Avenal Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.