MLS® listing
361 Fairlawn Avenue: detached house for sale
$999,999
From the listing brokerage
Rare Commercial/Residential Zoning Offering Exceptional Flexibility And Long-Term Potential. Freshly Updated. Move-In Ready. 165 Feet Of Possibility For Tomorrow.Set On An Exceptional 25 X 165 Ft South-Facing Lot In Coveted North Toronto, This Detached Bungalow Offers A Rare Combination Of Immediate Comfort, Valuable Recent Improvements And Remarkable Long-Term Potential.Featuring 2+2 Bedrooms, 2 Bathrooms And A Finished Basement With A Separate Entrance, The Home Has Been Freshly Painted And Enhanced With New Premium Waterproof SPC Luxury Vinyl Plank Flooring With A 20-Mil Commercial-Grade Wear Layer, Bringing A Clean, Contemporary Feel And Exceptional Everyday Durability.A Particularly Valuable Recent Improvement Is The Upgraded 200-Amp Electrical Service, Increased From The Previous 100-Amp Service, Providing Substantially Greater Electrical Capacity for today's needs and future possibilities. An Owned Tankless Water Heater adds further convenience and value, with no hot-water-tank rental to assume.Move In And Enjoy Today, Personalize Over Time, Expand The Existing Home, Or Explore The Possibility Of Building New. Steps To Avenue Rd And Minutes To Yonge St, With Excellent Schools, Parks, Transit, Dining, Shopping And Everyday Amenities Close At Hand.For An End User, A Fresh And Comfortable Home. For A Builder, An Extraordinary Canvas. For An Investor, A Rare 165-Ft-Deep Piece Of Toronto Land With Enduring Potential.Ready For Today. Powered For Tomorrow. 165 Feet Of Possibility.Basement photos are virtually staged.
Facts on the listing
| Square feet | 700-1100 |
|---|---|
| Style | Bungalow |
| Basement | Finished, Separate Entrance |
| Lot width | 25 |
| Lot depth | 165 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 2 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $8,483 |
| Tax year | 2025 |
| Interior features | Carpet Free, On Demand Water Heater |
Listing courtesy of RE/MAX ATRIUM HOME REALTY. MLS® C13751208.
About this detached house
361 Fairlawn Avenue is a 4 bedroom detached house in TRREB's Bedford Park-Nortown community in Toronto, listed for sale at $999,999. The listing shows 2 bathrooms and 700-1100 square feet. The style is given as bungalow. The lot is listed as 25 by 165 feet. The listing gives the basement as finished, separate entrance. It comes with 2 parking spaces according to the listing. The nearest main intersection given is Avenue Rd/Lawrence Ave W.
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 361 Fairlawn Avenue
At the asking price of $999,999, 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 | $999,999 |
|---|---|
| Ontario land transfer tax | $16,475 |
| Toronto municipal land transfer tax | $16,475 |
| Both taxes | $32,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $75,000 |
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 (2025) | $8,483 a year, about $707 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 $999,999, which is $170,001 below 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, 25 by 165 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 361 Fairlawn Avenue
How much is land transfer tax on 361 Fairlawn Avenue?
At the asking price of $999,999 the Ontario tax is $16,475 and the Toronto tax is $16,475, $32,950 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 361 Fairlawn Avenue?
$75,000 at the asking price of $999,999, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 361 Fairlawn Avenue?
The listing shows $8,483 a year for 2025, about $707 a month.
Is 361 Fairlawn Avenue priced above or below the median?
It is listed at $999,999. 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 $170,001 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 361 Fairlawn Avenue?
Use the form on this page or call us. Quote MLS® C13751208. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 361 Fairlawn 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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