$4,649,000 - 1 Friars Lane, Etobicoke
Detached for Sale in Etobicoke
46 days on marketNeighbourhood: Princess-Rosethorn
- MLS Number
- W13160152
- Property Type
- Detached
- Status
- active
- Days on Site
- 46
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- RIGHT AT HOME REALTY
An unparalleled architectural masterpiece of European elegance, privately nestled on an elite cul-de-sac in prestigious Thorncrest Village. Masterfully designed and personally supervised by renowned architect Rocco Maragna, this extraordinary 7,500+ sq. ft. custom estate seamlessly marries the timeless warmth of Spanish-Revival artistry with bold, avant-garde design. Built with uncompromising craftsmanship, it is a rare trophy property tailored for the discerning buyer who rejects the ordinary.Step through custom Italian black lacquer doors into a breathtaking grand foyer boasting soaring 17-foot ceilings and flooded with natural light. The formal dining room serves as a dramatic centerpiece, anchored by an exquisite, authentic Murano glass chandelier. A gourmet chef's kitchen features premium quartz countertops, high-end built-in appliances, and a seamless flow into the open-concept living spaces-all framed by walls of glass that offer panoramic views of your private outdoor oasis.Designed for ultimate privacy and multi-generational flexibility, the residence offers a rare 5+1 bedroom layout serviced by two distinct staircases and a private commercial-grade elevator accessing all three levels. The expansive lower level is a true entertainment haven, complete with soaring ceiling heights, massive recreational spaces, and a full second kitchen-ideal for grand-scale hosting or an independent nanny suite.Step outside into a resort-style backyard paradise, completely secluded by lush landscaping, featuring a sparkling pool, pristine stonework, and a rare, mature Shishigashira Japanese maple. Situated in an exclusive, high-net-worth enclave, enjoy close proximity to Toronto's premier golf clubs, elite schools, and upscale shopping-all while remaining less than 15 minutes from Pearson International Airport for effortless travel. A 2-car garage completes this turnkey architectural marvel. Truly a must-see!
Estimate your monthly payments for this property
Estimated Payment
$20,564.10/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Princess-Rosethorn
Princess-Rosethorn 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 Princess-Rosethorn
- •Convenient location in Etobicoke (Islington / Rexdale)
- •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
Princess-Rosethorn 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.
1 Friars Lane, Etobicoke (Islington / Rexdale)
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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 30+ years of GTA real estate experience
Fair Market Value
At $930/sqft, this property is priced in line with current Etobicoke 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.
Negotiation Opportunity
At 46 days on site, this property has exceeded the typical selling timeline for Etobicoke. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Etobicoke are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 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 Etobicoke.
Bathroom Count Matters
With 5 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.