$4,490,000 - 1 Friars Lane, Etobicoke
Detached for Sale in Etobicoke
43 days on marketNeighbourhood: Princess-Rosethorn
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- MLS Number
- W13709240
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Taxes (2025)
- $22,826
- Listing Brokerage
- RIGHT AT HOME REALTY
A rare architectural residence in the heart of Thorncrest Village, privately set on an exceptional 65 x 167 ft lot. Designed by architect Rocco Maragna and extensively re-imagined and expanded, this remarkable 5+1 bedroom home offers over 7,500 sq. ft. of distinctive living space, soaring 17-foot ceilings, dramatic natural light and a spectacular connection to its private grounds.Striking architecture, sophisticated European materials and exceptional craftsmanship define the interiors, while the resort-style backyard creates an extraordinary setting for both entertaining and everyday living. A heated pool and spa, outdoor kitchen, multiple entertaining areas and mature Japanese-inspired landscaping create a private oasis rarely found in Toronto.Additional highlights include a private elevator serving all three levels, expansive windows, two staircases, finished basement with above-grade windows, integrated audio, generator, irrigation system, heated front patio, circular drive and attached two-car garage.For the buyer who appreciates architecture, individuality and a home with a distinct point of view, this is a truly rare offering in one of Etobicoke's most coveted communities.
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Estimated Payment
$19,860.78/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 $898/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.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.