MLS® listing
48 Hooyo Terrace: townhouse for sale
$990,000
From the listing brokerage
Welcome to Modern Elegance in New Lawrence Heights. Unbeatable value meets modern luxury in this nearly new, fully finished freehold townhome offering almost 2,500 sq. ft. of total living space. Designed for modern family living, this exceptional home features 4 generously sized bedrooms, 3.5 stylish bathrooms, spacious principal rooms, and luxury laminate flooring with matching stairs throughout. The spacious open-concept layout features a modern kitchen with abundant cabinetry, a generous breakfast area, and an additional living space beside the kitchen. Walkout to the balcony, complete with a built-in gas connection for your BBQ, perfect for outdoor dining and summer entertaining. The second floor offers two bedrooms and two bathrooms. The spacious primary suite features a luxurious ensuite with dual sinks, an open shower, and a deep freestanding tub. All closets are thoughtfully customized with built-in organizers and practical storage compartments. An oversized laundry room adds everyday convenience. The third floor includes two additional bedrooms. One bedroom is exceptionally large and features its own sitting area, a dedicated office nook, and built-in shelving, creating a comfortable and flexible space for work, study, or relaxation. The fourth level opens to a private rooftop terrace, the only home in the community featuring its own private terrace, making it a truly rare offering and an ideal space for entertaining, relaxing, and enjoying outdoor living. The basement provides valuable additional space for a home office, den, recreation room, or guest area. A rare two-car tandem garage with direct interior access completes the home. Ideally located minutes from the subway, Yorkdale Shopping Centre, Highway 401, Allen Road, major retailers, excellent schools, community centres, and local parks. A rare opportunity to own a move-in-ready freehold townhome with generously sized bedrooms, a BBQ-ready balcony, and the community's only private terrace.
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Style | 3-Storey |
| Basement | Finished |
| Lot width | 15.06 |
| Lot depth | 74.05 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 2 |
| Garage | Built-In |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $7,956 |
| Tax year | 2025 |
| Interior features | Carpet Free |
| Features | Clear View, Hospital, Library, Public Transit, School |
| View | Clear |
Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS® C13871656.
About this townhouse
48 Hooyo Terrace is a 4 bedroom townhouse in TRREB's Englemount-Lawrence community in Toronto, listed for sale at $990,000. The listing shows 4 bathrooms and 2000-2500 square feet. The style is given as 3-storey. The lot is listed as 15.06 by 74.05 feet. The listing gives the basement as finished. It comes with 2 parking spaces and a built-in garage according to the listing. The nearest main intersection given is Allen 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 48 Hooyo Terrace
At the asking price of $990,000, 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 | $990,000 |
|---|---|
| Ontario land transfer tax | $16,275 |
| Toronto municipal land transfer tax | $16,275 |
| Both taxes | $32,550 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $74,000 |
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) | $7,956 a year, about $663 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 $990,000, which is $28,000 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, 15.06 by 74.05 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 48 Hooyo Terrace
How much is land transfer tax on 48 Hooyo Terrace?
At the asking price of $990,000 the Ontario tax is $16,275 and the Toronto tax is $16,275, $32,550 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 48 Hooyo Terrace?
$74,000 at the asking price of $990,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 48 Hooyo Terrace?
The listing shows $7,956 a year for 2025, about $663 a month.
Is 48 Hooyo Terrace priced above or below the median?
It is listed at $990,000. The August 2026 median for freehold townhouse sales in the City of Toronto was $962,000 across 45 sales, so the asking price is $28,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 48 Hooyo Terrace?
Use the form on this page or call us. Quote MLS® C13871656. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 48 Hooyo 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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