- Bedrooms
- 4+2
- Bathrooms
- 5
- Size
- 1,500–2,000sq ft
- Per sq ft
- $1,028at the range’s middle
- Lot
- 75 x 85 ft
- Tax a year
- $5,9202025 tax year
- Parking
- 51 attached
- Days on market
- Members
The brief
About 40 Cowley Ave
40 Cowley Ave is a 4+2-bedroom, 5-bathroom detached house in Islington-City Centre West, Toronto, listed for sale at an asking price of $1,799,500 (MLS® W13733208).
Welcome to 40 Cowley Avenue - a rare opportunity to own a spacious, fully renovated and expanded detached home on a premium 75 x 85 ft lot in Toronto's desirable west end. Thoughtfully updated for modern living, this versatile home offers approximately 2,000 sq ft of living space plus a fully finished basement, with 4+2 bedrooms and 4+1 bathrooms designed to comfortably accommodate growing families, multi-generational living, or those simply looking for more space and flexibility. Inside, you'll find generous principal rooms, modern upgrades, and a functional layout that balances everyday comfort with long-term practicality. The finished basement with separate entrance provides excellent additional living space for extended family, guests, or additional rental income. One of the home's standout features is the large loft area above the garage with separate entrance and separate heating and cooling - ideal as a home office, studio, gym, creative space, additional family living area, or additional rental income. Outside, the spacious patio and backyard offer plenty of room for entertaining, relaxing, gardening, or creating your own outdoor retreat. Parking for up to 5 vehicles adds rare convenience in this location. Located in the family-friendly and prestigious Glen Park neighborhood close to parks, schools, shopping, transit, and major routes, this is a unique opportunity to own a move-in ready home with exceptional space and flexibility in a strong Toronto community. A rare combination of lot size, updated living space, and versatility in a sought-after west-end location.
Insights
Condition Score
Good78/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall39/100−$1,853/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 50 detached homes with 6 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
- $5,920 / 2025
- MLS® number
- W13733208
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 75 x 85 ft
- Listed on
- Parking
- 1 Attached, 5 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Islington-City Centre West
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 4+2
- Bathrooms
- 5
- Bathroom Details
- 2 × 4pc Ground, 1 × 2pc Ground, 2 × 3pc Bsmt
- Basement Type
- Apartment
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 4
- Total Parking
- 5
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 75 ft
- Depth
- 85 ft
- Lot Size
- 75 x 85 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- All kitchen appliances, washing machine, all electrical fixtures and window coverings.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| 3rd Br | 2.96 × 2.75 m | — | Ground |
| Study | 3.47 × 4.0 m | Balcony, W/O To Balcony | 2nd |
| Living | 3.9 × 5.2 m | Fireplace | Ground |
| 2nd Br | 3.85 × 5.05 m | Closet, 3 Pc Ensuite | Bsmt |
| Bathroom | 2.64 × 1.89 m | 4 Pc Bath | Ground |
| Bathroom | 1.94 × 2.17 m | 3 Pc Bath, B/I Shelves | Bsmt |
| Kitchen | 2.75 × 3.43 m | B/I Appliances, Backsplash, Stainless Steel Appl | Ground |
| Family | 5.08 × 4.12 m | — | Bsmt |
| Bathroom | 2.12 × 1.92 m | — | Bsmt |
| Br | 2.73 × 4.21 m | B/I Shelves, Closet | Bsmt |
| Bathroom | 2.14 × 1.75 m | 4 Pc Bath, Renovated | 3rd |
| Cold/Cant | 1.36 × 2.04 m | — | Bsmt |
| Dining | 3.48 × 3.14 m | W/O To Sundeck | Ground |
| Br | 3.41 × 2.76 m | Balcony, W/O To Balcony | 3rd |
| 2nd Br | 3.71 × 3.88 m | — | Ground |
| Kitchen | 3.48 × 3.55 m | Renovated, Family Size Kitchen, Walk-Out | Bsmt |
| Utility | 4.35 × 9.43 m | Combined W/Laundry, Laundry Sink | Bsmt |
| Family | 3.48 × 3.02 m | W/O To Sundeck | Ground |
| Bathroom | 1.43 × 0.92 m | 2 Pc Bath | Ground |
| Br | 3.84 × 3.03 m | Double Closet | Ground |
Listing history
Buy/sell history for 40 Cowley 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 | $1,799,500 | N/A | Pc | W13733208 |
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
- $359,900
- Total mortgage amount
- $1,439,600
- Total interest payment
- $1,023,400
- Total purchase cost
- $2,822,900
- Mortgage payment
- $8,210/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
38%Monthly carrying cost
$8,703- Rent $6,850
- Shortfall $1,853
Rental income opens at $6,850, the median asking rent of 50 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
- $32,465
- Toronto municipal land transfer tax
- $32,465
- Total land transfer tax
- $64,930
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $56,455
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 $1,799,500
- $27,990
- Ontario total
- $32,465
Toronto’s municipal tax uses the same brackets at this price, so it adds another $32,465.
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 Yossi Kaplan, MBA, Salesperson 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
- Lot area
- 6,375 sq ft592 m²
- Street frontage
- 75 ft22.9 m
- Depth
- 85 ft25.9 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 19 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 3.5 km3.5 km
- Mapped parcel: about 6,410 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 · toronto.parcels
Around the home1
- 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 City of Toronto — Bering Yard, 2.7 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 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: 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
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check 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 (f13.5; a510; d0.45)By-law
569-2013Municipality
Toronto1 f13.5
Frontage: at least 13.5 m.
2 a510
Lot area: at least 510 m² per dwelling unit.
3 d0.45
Density: floor area is capped at 0.45 times the lot area.
4 Where this is written
Chapter 10, section 10.20 of By-law 569-2013
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.
Multiple ProjectsClosed
Part of flat roof to be converted to balcony on the second floor SFD-detached
Issued April 13, 2021
Building Permit Related(MS)Closed
HVAC - Proposal to construct two storey side addition with new porch and deck to an existing single family dwelling detached one storey house.
Issued April 14, 2020
Building Permit Related(PS)Closed
Plumbing - Proposal to construct two storey side addition with new porch and deck to an existing single family dwelling detached one storey house.
Issued April 14, 2020
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.
417 BURNHAMTHORPE RDSite planInactive
INACTIVE - INACTIVE Site Plan Control application to redevelop the site with 6 townhouse units. The proposed townhouse units will be 3-storeys in height and have a total residential gross floor area of 1,300 sq m. A total of 15 parking spaces are provided for below grade and will be accessed from the garage entrance fronting Burnhamthorpe Road. A Zoning By-law Amendment (19 251103 WET 02 OZ) application has been reviewed and adopted by City Council on July 16, 2021.
640 m away419 BURNHAMTHORPE RDSite planInactive
INACTIVE - INACTIVE Site Plan Control application to redevelop the site with 6 townhouse units. The proposed townhouse units will be 3-storeys in height and have a total residential gross floor area of 1,300 sq m. A total of 15 parking spaces are provided for below grade and will be accessed from the garage entrance fronting Burnhamthorpe Road. A Zoning By-law Amendment (19 251103 WET 02 OZ) application has been reviewed and adopted by City Council on July 16, 2021.
650 m away5 CAPRI RDPlan of subdivisionUnder Review
Draft Plan of Subdivision in order to establish 3 development blocks (Blocks 1 and 2 for residential and Block 3 for a new public park) as well as a new public road (Street 'A').
700 m away5 CAPRI RDSite planUnder Review
Site Plan Application in relation to the Zoning By-Law amendment application, file 21 125098 WET 02 OZ.
700 m away5 CAPRI RDOfficial plan or zoning amendmentUnder Review
Application to lift "(H)" symbol.
700 m away10-21 FOUR SEASONS PLOfficial plan or zoning amendmentUnder Review
The application proposes a Zoning By-law Amendment to permit four 23-storey residential towers attached by a 3-storey podium. The proposal includes 1021 residential units, 4086.77 square metres of amenity space, a total GFA of 83,697.05 square metres with a floor space index of 4.36 and public parkland dedication.
730 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 Islington-City Centre West right now
- For sale now
- 65
- Median asking price
- $1.57M
- New in 7 days
- 6
- Price cuts
- 20%
Middle half: $1.27M to $2.25M
23 in 28 days
13 listings
This home is asking 14% above the median.
See all homes in Islington-City Centre WestAsking 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 |
|---|---|---|
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 2.3 km |
| Islington Station | TTC subway: Line 2 Bloor-Danforth | 2.7 km |
| Renforth Station | MiWay bus rapid transit: Transitway | 3.1 km |
| Orbitor Station | MiWay bus rapid transit: Transitway | 3.5 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 3.6 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; MiWay schedule data (GTFS) from the City of Mississauga under the City of Mississauga Terms of Use, 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. MiWay's schedule data is publicly available from the City of Mississauga under its Terms of Use.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| West Glen Junior SchoolToronto DSB | Public · grades JK–5 | 450 m | 57%Grade 3 average |
| Wedgewood Junior SchoolToronto DSB | Public · grades JK–5 | 1.1 km | 79%Grade 3 average |
| Josyf Cardinal Slipyj Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.2 km | 88%Grade 6 average |
| ÉÉC Notre-Dame-de-GrâceConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 3.1 km | 90%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Burnhamthorpe Collegiate InstituteToronto DSB | Public · grades 9–12 | 600 m | — |
| Michael Power/St Joseph High SchoolToronto CDSB | Catholic · grades 9–12 | 2.3 km | 68%Grade 9 math |
| Martingrove Collegiate InstituteToronto DSB | Public · grades 9–12 | 2.4 km | 58%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 9.3 km | 82%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
Similar Active Listings
Recently sold nearby
Sold prices in Islington-City Centre West are shown to signed-in members.