MLS® listing
400 Summerhill Avenue: multiplex for sale
$1,819,000
From the listing brokerage
Rarely offered Rosedale-Moore Park investment opportunity! This exceptional freehold commercial-residential property offers outstanding flexibility for end users, investors in one of Toronto's most desirable, walkable neighborhoods. The building comprises four updated units: one street-level commercial space (currently occupied by a busy veterinary clinic with excellent street exposure) and three residential suites above/below, offering varied layouts that support strong rental demand and stable tenancy. Separately metered for added efficiency and long-term flexibility. Ideal for an investor seeking reliable income, or a buyer looking to live in one unit while generating meaningful cash flow from the others. Parking for 3+ cars is a rare bonus in the area. Steps to Summerhill Market, parks, top schools, shops, TTC, and Bike Share-an iconic community that truly feels like an oasis in the city. Shows to perfection.
Facts on the listing
| Square feet | 2500-3000 |
|---|---|
| Style | 3-Storey |
| Basement | Finished with Walk-Out |
| Lot width | 38.87 |
| Lot depth | 41.3 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 3 |
| Garage | Carport |
| Heating | Baseboard |
| Cooling | Central Air, Wall Unit(s) |
| Kitchens | 3 |
| Rooms | 14 |
| Property tax | $17,248 |
| Tax year | 2025 |
| Interior features | Other |
Listing courtesy of HOMELIFE/VISION REALTY INC.. MLS® C13849692.
About this multiplex
400 Summerhill Avenue is a 6 bedroom multiplex in TRREB's Rosedale-Moore Park community in Toronto, listed for sale at $1,819,000. The listing shows 5 bathrooms and 2500-3000 square feet. The style is given as 3-storey. The lot is listed as 38.87 by 41.3 feet. The listing gives the basement as finished with walk-out. It comes with 3 parking spaces and a carport garage according to the listing. The nearest main intersection given is Summerhill Ave/ Mt Pleasant 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 400 Summerhill Avenue
At the asking price of $1,819,000, 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 | $1,819,000 |
|---|---|
| Ontario land transfer tax | $32,855 |
| Toronto municipal land transfer tax | $32,855 |
| Both taxes | $65,710 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $363,800 |
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. 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) | $17,248 a year, about $1,437 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.
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 baseboard.
- 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, 38.87 by 41.3 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 3 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.
About Rosedale
Detached houses on winding ravine streets inside two heritage conservation districts, with apartment buildings near Yonge and Bloor. From April to June 2026 the median sale across all property types in Rosedale-Moore Park was $2,425,000 (TRREB).
Transit: Line 1 Yonge University at Rosedale and Summerhill stations, with St Clair station to the north. Line 2 Bloor Danforth at Castle Frank station on Bloor Street East. TTC buses 82 Rosedale, 97 Yonge, 74 Mount Pleasant and 65 Parliament
| Property type | Median | Sales and average |
|---|---|---|
| All property types | Median $2,425,000 | 73 sales, average $2,441,401 |
| Detached | About $3,440,000 | 26 sales, average about $3,981,000 |
| Semi-detached | About $2,725,000 | 11 sales, average about $2,638,000 |
| Condo townhouse | About $1,415,000 | 4 sales, average about $1,661,000 |
| Condo apartment | About $850,000 | 23 sales, average about $1,242,000 |
| Other (TRREB category) | About $779,000 | 8 sales, average about $1,106,000 |
| Freehold townhouse (TRREB att/row/townhouse) | No price reported | 1 sale |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Rosedale
Is Rosedale a good place to live?
That depends on your budget and the type of home you want. TRREB's Rosedale-Moore Park community recorded a detached median of about $3,440,000 from April to June 2026, alongside condo apartments at about $850,000. The area has Rosedale and Summerhill stations on Line 1, Castle Frank station on Line 2 and several City ravine parks.
How much does a house cost in Rosedale?
From April to June 2026 TRREB recorded 26 detached sales in Rosedale-Moore Park with a median of about $3,440,000 and an average of about $3,981,000. The 11 semi-detached sales had a median of about $2,725,000.
Is Rosedale on the subway?
Yes. Rosedale station at 7 Crescent Road and Summerhill station at 16 Shaftesbury Avenue are on Line 1 Yonge University. Castle Frank station at 600 Bloor Street East is on Line 2 Bloor Danforth. Rosedale station is 7 stops from Union station on the TTC map.
Are there condos in Rosedale?
Yes. TRREB recorded 23 condo apartment sales from April to June 2026 with a median of about $850,000 and 4 condo townhouse sales with a median of about $1,415,000. In the 2021 Census 50.2% of private dwellings in Rosedale-Moore Park were in apartment buildings of five or more storeys.
Is Rosedale a heritage conservation district?
Much of it is. The City of Toronto lists two Rosedale heritage conservation districts, South Rosedale and North Rosedale. Exterior changes inside a district follow the district plan, so check whether the exact address falls inside one before you buy.
Read the Rosedale neighbourhood guide · All Rosedale homes for sale
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Questions about 400 Summerhill Avenue
How much is land transfer tax on 400 Summerhill Avenue?
At the asking price of $1,819,000 the Ontario tax is $32,855 and the Toronto tax is $32,855, $65,710 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 400 Summerhill Avenue?
$363,800 at the asking price of $1,819,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 400 Summerhill Avenue?
The listing shows $17,248 a year for 2025, about $1,437 a month.
How do I book a showing for 400 Summerhill Avenue?
Use the form on this page or call us. Quote MLS® C13849692. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 400 Summerhill 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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