$3,788,000 - 71 Princess Avenue, Downtown Toronto
Single Family Home for Sale in Downtown Toronto
- MLS Number
- C12749304
- Property Type
- Single Family Home
- Status
- active
- Days on Market
- 1
- Bedrooms
- 6
- Bathrooms
- 7
- Square Feet
- 3,500 sqft
- City
- Downtown Toronto
Sophisticated Custom Home with Timeless Design and Over 6,070 Sq.Ft of Classic Elegance of Living Space>> 4,314 Sq.Ft (In Main&2nd Flr)+ 1,760 S.F(In Finished Basement)! Meticulously Maintained on a Southern Prime Lot (50' x 133')! Unbeatable Location > 2 Minutes away from North York City Centre (Subway, Ttc, Loblaws, Restaurants, Cinema, Shops), Earl Haig S.S & Countless Other Amenities! Beautiful Country View of Lee-Lifeson Art Park from Kitchen, Family Rm& Master Bedrm!! Exquisitely Built &Tastefully Designed with a Functional Layout, Offering a Seamless Flow Ideal for Both Everyday Living & Entertaining. Exceptional Finishes Throughout, Including Extensive Use of Hardwood & Marble Flooring, Impressive Architectural Detailing with Coffered Soaring Ceilings Heights: >> Main Flr:10', 2nd Flr:9', Master:10', Foyer:14.5', Basement Rec Rm:11.5', Bsmnt Bdrms: 10'). Full Panelled Walls(Main Flr&Hallway), Elegant Full Oak Library with Built-In Bookcase. Luxury Mouldings, High End Millwork, and Designer's Wallpaper Accents. Quality Custom Cabinetry& Vanities Enhance the Homes Refined Ambiance. Huge Sun-filled Family Room, Breakfast Area & The Chef-Inspired Kitchen which Features Top-of-the-Line Appliances, Butler's Pantry& Servery, Over Sized Leathered Statuario Calacatta Slab On Countertop of Island, and Marble for other Countertops. Breathtaking Primary Bedrm with a Coffered Cling, Gas Fireplace, His & Hers Walk-In Closets& a Lavish 8-Pc Ensuite Heated Flr. 3Additional Family-Sized Bedrms with Own Ensuits and W/I Closets! Led & Halogen Pot Lights Throughout. The Professionally Finished Walk-Out Basement Includes Radiant Heated Flr in Recreation Rm with A Fantastic Rich Wet Bar, Gas Fireplace, Two Bedrms with their Own Ensuites & Full 2nd Laundry. Cedar Roof &Copper Baywindow & Eavestrough. Custom Marble Floor Foyer with A Centre Medallion, Mahogany Main Door& 3 Guest Closet. Limestone Facade with Copper Accent on Bay Window, Bricks on Side and Back. No Sidewalk in Front
Discover Toronto C14
Toronto C14 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Toronto C14
- •Convenient location in Toronto C14
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Toronto C14 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
71 Princess Avenue, Toronto C14
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 25+ years of GTA real estate experience
Fair Market Value
At $1082/sqft, this property is priced in line with current Toronto C14 market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Toronto C14's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Toronto C14.
Bathroom Count Matters
With 7 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Toronto C14 properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $15,783 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.