586 Browns Line is a 7-bedroom, 3-bathroom detached home in Toronto, listed for $999,000. It has 1100-1500 sq ft of living space.
1Prime Corner Lot Opportunity in the Heart of Alderwood.
2Lower Level (1,000 Sq Ft): A fully renovated basement featuring a large boardroom/recreation room, an additional private room, a kitchenette, and a 3-piece bathroom.
3Parking & Access: Includes 4 dedicated surface parking spaces on-site.
Prime Corner Lot Opportunity in the Heart of Alderwood. Situated at the prominent intersection of Browns Line and Mitcham Drive, this well-maintained bungalow offers a unique footprint in one of Toronto's high-growth neighborhoods. Having served as a staple of the community for over 25 years as a professional office, this property presents a versatile foundation for its next chapter as a custom residential renovation, a convenient live-work environment, or a potential redevelopment site. Substantial Interior Footprint: The property features approximately 2,100 square feet of total finished space across two functional levels. Main Floor (1,102 Sq Ft): Includes a bright, spacious front reception/living area, four generously sized rooms, a central utility/media room, and a washroom. Lower Level (1,000 Sq Ft): A fully renovated basement featuring a large boardroom/recreation room, an additional private room, a kitchenette, and a 3-piece bathroom. Flexible Utility: The lower level is further enhanced by an expansive, highly versatile area currently utilized for large-scale storage and administrative needs, offering immense potential for various home or hobby configurations. Site & Strategic Location: Exceptional Land Area: A significant 4,198 square foot corner lot providing excellent presence and accessibility. Parking & Access: Includes 4 dedicated surface parking spaces on-site. Regional Connectivity: Unparalleled access to the QEW, Highway 427, and the Gardiner Expressway. Minutes from CF Sherway Gardens, local schools, and a host of essential retail amenities. Property will be delivered vacant upon possession.
7 bedrooms, 3 bathrooms, about 1,100 sq ft, works out to roughly $908 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 586 Browns Line
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spaces
Basement
Finished with Walk-Out, Full
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Finished with Walk-Out · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
586 Browns Line Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14180196$999,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 586 Browns Line Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,908
/mo
based on the purchase price of $999,000
$199,800 cash
$799,200 financed
$673,136 total interest
Principal54%$799,200
Interest46%$673,136
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 6–9 bed homes for sale in Toronto around $999K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5253.8%On average, homes sold at or above asking.
Active listings12,217Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 17 – Aug 15, 2026: prices down.
Based on 9,020 sales from Aug 15 – Nov 13, 2026 (7,222 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 586 Browns Line
How much is 586 Browns Line listed for?
586 Browns Line is listed at $999,000 (MLS® W14180196). Summitly updates the price as soon as the MLS® record changes.
Is $999,000 a good price for 586 Browns Line?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 586 Browns Line changed?
No — 586 Browns Line is still listed at its original asking price of $999,000.
How many bedrooms and bathrooms does 586 Browns Line have?
586 Browns Line has 7 bedrooms and 3 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 586 Browns Line?
About $4,908 a month — principal and interest on $999,000 with 20% down ($199,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 586 Browns Line compare with other homes in Toronto?
Its asking price of $999,000 is about 19% above the median sold price in Toronto over the last 90 days, $840,000, across 9,020 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 586 Browns Line been sold before?
Summitly has no earlier MLS® sale or lease of 586 Browns Line on record from the last two years. Older records aren't shown under TRREB rules.
Where is 586 Browns Line?
586 Browns Line is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 586 Browns Line been on the market?
586 Browns Line was listed today (November 13, 2026).
What is the price per square foot of 586 Browns Line?
About $666 to $908 per square foot: the asking price of $999,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 586 Browns Line have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 586 Browns Line have a basement, and is it finished?
The listing describes the basement as: Finished with Walk-Out, Full.
