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 492 Ruth Avenue, an exceptional residence ideally located near Bayview Avenue and Cummer Avenue in the prestigious Newtonbrook East community of North York. Set on a premium 60 x 143 ft rectangular lot, this remarkable home offers approximately 4,897 sq ft of elegant above-grade living space, complemented by a professionally finished 2,200 sq ft walk-up basement. Designed for both comfort and sophistication, the property showcases outstanding craftsmanship and timeless architectural details throughout. This expansive two-storey home features 5+2 bedrooms and 7 bathrooms, with soaring 9-foot ceilings, a triple attached garage, and a beautifully landscaped exterior complete with an interlocking driveway and walkway. The bright kitchen includes a convenient walk-out, perfect for seamless indoor-outdoor living and entertaining. The interior is richly appointed with gleaming hardwood floors throughout the principal rooms, and a refined blend of marble, parquet, and ceramic finishes. Elegant details include skylights, wainscoting, cornice mouldings, and extensive oak craftsmanship. Three gas fireplaces with custom mantels enhance the living, family, and recreation rooms. The lower level offers a private retreat, featuring a spacious recreation area, a large spa, and a private sauna-ideal for relaxation and entertaining. Additional features include a high-efficiency furnace (2019), central air conditioning (2016), electronic air cleaner, central vacuum, alarm system, intercom, and automatic garage door openers. Perfectly situated near top-rated schools, parks, shopping, fine dining, and offering easy access to major highways and public transit, this home delivers an exceptional lifestyle in one of Toronto's most sought-after neighborhoods.
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What’s NearbyDistances approximate
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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$11,253/mo
Mortgage (principal + interest)$10,056
Property taxFrom listing: $14,365/yr$1,197
Minimum 20% ($537,600 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$537,600
Ontario land transfer taxProvincial brackets, no first-time refund$53,675
Toronto land transfer taxMunicipal brackets, no first-time refund$53,675
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$647,750
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.
