Comparable sales vary too widely to call a direction
Asking $2,798,000 · recent comparable sales here vary too widely to quote a range · homes here sell at about 94% of ask (25 recent sales). Our estimate weighs both.
Benchmark $1,578,000
Typical low · $1,499,000Typical high · $1,657,000
List price Renavu Estimate Benchmark Typical range
Renavu Estimate is our data-driven opinion of value, blended from 6 recent comparable sales (TRREB) and the area benchmark — not an appraisal. The benchmark is the typical price for 2-storey detached homes in Observatory (TRREB HPI, August 2026), a market reference — not this home's exact value.
About this home
4 bedrooms, 5 bathrooms, built 4 years ago
3500-5000 sq ft with unfinished basement (9' ceilings)
Main floor has 10' ceilings, hardwood flooring, tray ceilings with crown moulding, and LED cove lighting
Open-concept kitchen with WOLF and SUB-ZERO appliances, 6-burner gas range, ASKO dishwasher, full-height cabinetry, and quartz countertops
Primary bedroom includes 5-piece ensuite and dual walk-in closets; second bedroom has its own ensuite
Central air conditioning, modern furnace, air exchange system, and 200-amp electrical panel
5 parking spaces including 5-car garage with high ceilings and storage
Key points summarised from the listing description.
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$56,425
Legal · title · inspection$2,800
Closing costs$59,225
Down payment$559,600
Total cash to close$618,825
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
$2,798,000
Neighbourhood market
The Observatory market
How homes are selling here right now — sold data for July 2026.
Balanced marketAll home types in Observatory · 20 sales over 3 months
Buyer'sBalancedSeller's
Homes in Observatory are selling near asking in about 34 days. Neither side has the upper hand right now.
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