MLS® listing
88 Stanley Terrace: townhouse for sale
$1,250,000
From the listing brokerage
Visit REALTOR website for additional information. Beautifully renovated home situated in one of Toronto's most desirable central locations. This spacious property spans several thoughtfully designed levels, offering ample room for both relaxed living and entertaining. This property is currently being used as a short-term rental with it's large bedrooms, but can be converted back to a single family home. Step outside to your private backyard oasis-an idyllic space for outdoor dining, gardening, or simply unwinding in the fresh air. Located in a vibrant and sought-after neighbourhood, this home offers access to a wealth of amenities including trendy cafes, boutiques, parks, and highly rated schools. With excellent public transit options and major roadways nearby, commuting is a breeze. Whether you're strolling through nearby green spaces or enjoying the proximity to Toronto's bustling downtown core, this home offers the perfect balance of convenience and serenity.
Facts on the listing
| Square feet | 1100-1500 |
|---|---|
| Style | Other |
| Basement | Finished |
| Lot width | 15.75 |
| Lot depth | 63 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 1 |
| Garage | Attached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $5,880 |
| Tax year | 2024 |
| Parking | None |
| Interior features | Water Heater Owned |
Listing courtesy of PG DIRECT REALTY LTD.. MLS® C11937795.
About this townhouse
88 Stanley Terrace is a 5 bedroom townhouse in TRREB's Niagara community in Toronto, listed for sale at $1,250,000. The listing shows 5 bathrooms and 1100-1500 square feet. The lot is listed as 15.75 by 63 feet. The listing gives the basement as finished. It comes with 1 parking space and an attached garage according to the listing. The nearest main intersection given is Queen and Bathurst.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 88 Stanley Terrace
At the asking price of $1,250,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,250,000 |
|---|---|
| Ontario land transfer tax | $21,475 |
| Toronto municipal land transfer tax | $21,475 |
| Both taxes | $42,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $100,000 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2024) | $5,880 a year, about $490 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 45 freehold townhouse sales in the City of Toronto in August 2026, at a median price of $962,000 and an average of $1,026,018. This home is listed at $1,250,000, which is $288,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 15.75 by 63 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 88 Stanley Terrace
How much is land transfer tax on 88 Stanley Terrace?
At the asking price of $1,250,000 the Ontario tax is $21,475 and the Toronto tax is $21,475, $42,950 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 88 Stanley Terrace?
$100,000 at the asking price of $1,250,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 88 Stanley Terrace?
The listing shows $5,880 a year for 2024, about $490 a month.
Is 88 Stanley Terrace priced above or below the median?
It is listed at $1,250,000. The August 2026 median for freehold townhouse sales in the City of Toronto was $962,000 across 45 sales, so the asking price is $288,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 88 Stanley Terrace?
Use the form on this page or call us. Quote MLS® C11937795. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 88 Stanley Terrace still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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