MLS® listing
494 Oakwood Avenue W: detached house for sale
$999,000
From the listing brokerage
A detached home with a double garage and more than 60 years of family history, 494 Oakwood Avenue is ready for its next chapter. Well maintained by the same family since 1960, this two-storey home offers three bedrooms, two bathrooms and inviting spaces to enjoy now while making updates over time.A second kitchen and separate walk-out on the lower level add flexibility for extended family or a home office. The detached double garage, accessed from the laneway, provides parking and valuable extra storage.Enjoy the convenience of nearby transit, parks, schools, cafés and neighbourhood shops. Bring your ideas and make this long-loved home your own.
Facts on the listing
| Square feet | 1100-1500 |
|---|---|
| Style | 2-Storey |
| Basement | Finished with Walk-Out, Separate Entrance |
| Lot width | 20 |
| Lot depth | 110 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 3 |
| Garage | Detached |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 2 |
| Property tax | $4,803 |
| Tax year | 2026 |
| Parking | Available, Lane, Private Double |
| Interior features | Auto Garage Door Remote, In-Law Capability, Carpet Free, Water Heater |
| Features | Greenbelt/Conservation, Hospital, Library, Park, Place Of Worship, Rec./Commun.Centre |
Listing courtesy of RE/MAX ULTIMATE REALTY INC.. MLS® C13827912.
About this detached house
494 Oakwood Avenue W is a 4 bedroom detached house in TRREB's Oakwood Village community in Toronto, listed for sale at $999,000. The listing shows 2 bathrooms and 1100-1500 square feet. The style is given as 2-storey. The lot is listed as 20 by 110 feet. The listing gives the basement as finished with walk-out, separate entrance. It comes with 3 parking spaces and a detached garage according to the listing. The nearest main intersection given is OAKWOOD AVE & VAUGHAN RD.
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 494 Oakwood Avenue W
At the asking price of $999,000, 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 | $999,000 |
|---|---|
| Ontario land transfer tax | $16,455 |
| Toronto municipal land transfer tax | $16,455 |
| Both taxes | $32,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $74,900 |
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 (2026) | $4,803 a year, about $400 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 $999,000, which is $171,000 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, 20 by 110 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 2 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- 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
Similar homes for sale in Toronto
$888,00042 Beacon Road, Toronto, ON M1P 1G74 bedrooms · 3 bathrooms · DetachedListed by REMAX YOUR COMMUNITY REALTY. MLS® E13875086
$2,350,000145B Bannockburn Avenue, Toronto, ON M5M 2N44 bedrooms · 4 bathrooms · DetachedListed by RE/MAX HALLMARK REALTY LTD.. MLS® C13862866
$1,890,00029 Highbourne Avenue, Toronto, ON M5P 2J14 bedrooms · 3 bathrooms · DetachedListed by SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS® C13795756
$1,299,000140 Bingham Avenue, Toronto, ON M4E 3R34 bedrooms · 2 bathrooms · Semi-DetachedListed by ROYAL LEPAGE ESTATE REALTY. MLS® E13874932
$849,00023 Cobalt Street, Toronto, ON M6M 2K14 bedrooms · 3 bathrooms · DetachedListed by CENTURY 21 ATRIA REALTY INC.. MLS® W13764142
$1,679,000149 Maybourne Avenue, Toronto, ON M1L 2W74 bedrooms · 4 bathrooms · DetachedListed by HOMELIFE LANDMARK REALTY INC.. MLS® E13812494
Questions about 494 Oakwood Avenue W
How much is land transfer tax on 494 Oakwood Avenue W?
At the asking price of $999,000 the Ontario tax is $16,455 and the Toronto tax is $16,455, $32,910 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 494 Oakwood Avenue W?
$74,900 at the asking price of $999,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 494 Oakwood Avenue W?
The listing shows $4,803 a year for 2026, about $400 a month.
Is 494 Oakwood Avenue W priced above or below the median?
It is listed at $999,000. 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 $171,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 494 Oakwood Avenue W?
Use the form on this page or call us. Quote MLS® C13827912. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 494 Oakwood Avenue W 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.