The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Welcome to 42 Rykert Crescent, an exceptional opportunity in prestigious South Leaside, set on an extraordinarily rare 40 x 350+ ft. deep ravine lot a remarkable setting - offering privacy, mature trees and a true retreat in the city. This impressive 5-bedroom, 5-bathroom residence offers approximately 3,390 sq. ft. above grade plus 1,648 sq. ft. of finished lower-level space, thoughtfully designed for both everyday family living and large-scale entertaining. The heart of the home is the newly renovated, oversized chef's kitchen, featuring two large islands, granite countertops, an expansive pantry, top-of-the-line appliances and extensive custom cabinetry and built-ins. The generous principal rooms include an elegant dining room, spacious living room with fireplace and built-ins, breakfast area and private main-floor office. Upstairs, the expansive primary retreat features a walk-in closet and luxurious 6-piece ensuite, complemented by four additional bedrooms and beautifully renovated bathrooms. The newly finished lower level extends the living space with a large recreation room with fireplace and built-ins, a gym and additional bedroom. Outside, enjoy the incredible depth and privacy of this ravine property, along with a rare and exceptional offering for Leaside: a two-car garage and parking for up to six vehicles. Additional features include extensive custom built-ins, hardwood flooring, central air and a security system with cameras. A truly rare Leaside offering combining a spectacular ravine lot, substantial family home, extensive renovations and exceptional entertaining space - just minutes from everything that makes Leaside one of Toronto's most sought-after neighborhoods.
Property Details
Listing
MLS® number
C13774530
Status
For Sale
Listed
Sep 11, 2026
Last updated
Oct 22, 2026
Possession
Flexible
Building
Type
Detached
Style
2-Storey
Approx. age
Not provided by brokerage
Approx. size
3,000–3,500 ft²
Basement
Finished with Walk-Out, Separate Entrance
Lot
Frontage
40.00 ft
Depth
357.00 ft
Lot area
≈ 14,280 ft² (calculated)
View
North
Community
Leaside
Parking & utilities
Garage
Built-In, Garage, 2 spaces
Driveway
4 spaces
Heating
Forced Air
Cooling
Central Air
Water / sewer
Not provided by brokerage
Taxes
Property tax
$18,109 / 2026
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 5
Bedrooms below grade: 1
Kitchens: 1 above grade
Basement: Finished with Walk-Out, Separate Entrance
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$20,023/mo
Mortgage (principal + interest)$18,514
Property taxFrom listing: $18,109/yr$1,509
Minimum 20% ($989,800 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$989,800
Ontario land transfer taxProvincial brackets, no first-time refund$110,200
Toronto land transfer taxMunicipal brackets, no first-time refund$157,196
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$1,259,996
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
