MLS® listing
492 Ruth Avenue: detached house for sale
$2,688,000
From the listing brokerage
Welcome to 492 Ruth Avenue, an exceptional residence ideally located near Bayview Avenue and Cummer Avenue in the prestigious Newtonbrook East community of North York. Set on a premium 60 x 143 ft rectangular lot, this remarkable home offers approximately 4,897 sq ft of elegant above-grade living space, complemented by a professionally finished 2,200 sq ft walk-up basement. Designed for both comfort and sophistication, the property showcases outstanding craftsmanship and timeless architectural details throughout. This expansive two-storey home features 5+2 bedrooms and 7 bathrooms, with soaring 9-foot ceilings, a triple attached garage, and a beautifully landscaped exterior complete with an interlocking driveway and walkway. The bright kitchen includes a convenient walk-out, perfect for seamless indoor-outdoor living and entertaining. The interior is richly appointed with gleaming hardwood floors throughout the principal rooms, and a refined blend of marble, parquet, and ceramic finishes. Elegant details include skylights, wainscoting, cornice mouldings, and extensive oak craftsmanship. Three gas fireplaces with custom mantels enhance the living, family, and recreation rooms. The lower level offers a private retreat, featuring a spacious recreation area, a large spa, and a private sauna-ideal for relaxation and entertaining. Additional features include a high-efficiency furnace (2019), central air conditioning (2016), electronic air cleaner, central vacuum, alarm system, intercom, and automatic garage door openers. Perfectly situated near top-rated schools, parks, shopping, fine dining, and offering easy access to major highways and public transit, this home delivers an exceptional lifestyle in one of Toronto's most sought-after neighborhoods.
Facts on the listing
| Square feet | 3500-5000 |
|---|---|
| Style | 2-Storey |
| Basement | Other, Finished |
| Lot width | 60 |
| Lot depth | 143 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 9 |
| Garage | Attached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 15 |
| Property tax | $14,365 |
| Tax year | 2025 |
| Parking | Private Double |
| Interior features | None |
Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS® C13541602.
About this detached house
492 Ruth Avenue is a 7 bedroom detached house in TRREB's Newtonbrook East community in Toronto, listed for sale at $2,688,000. The listing shows 7 bathrooms and 3500-5000 square feet. The style is given as 2-storey. The lot is listed as 60 by 143 feet. The listing gives the basement as other, finished. It comes with 9 parking spaces and an attached garage according to the listing. The nearest main intersection given is Bayview & Cummer.
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 492 Ruth Avenue
At the asking price of $2,688,000, 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 | $2,688,000 |
|---|---|
| Ontario land transfer tax | $53,675 |
| Toronto municipal land transfer tax | $53,675 |
| Both taxes | $107,350 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $537,600 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. 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 (2025) | $14,365 a year, about $1,197 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 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $2,688,000, which is $1,518,000 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, 60 by 143 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. The listing has a virtual tour, but 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 492 Ruth Avenue
How much is land transfer tax on 492 Ruth Avenue?
At the asking price of $2,688,000 the Ontario tax is $53,675 and the Toronto tax is $53,675, $107,350 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 492 Ruth Avenue?
$537,600 at the asking price of $2,688,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 492 Ruth Avenue?
The listing shows $14,365 a year for 2025, about $1,197 a month.
Is 492 Ruth Avenue priced above or below the median?
It is listed at $2,688,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $1,518,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 492 Ruth Avenue?
Use the form on this page or call us. Quote MLS® C13541602. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 492 Ruth Avenue 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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