$1,199,999 - 114 Elmcrest Road, Etobicoke
Detached for Sale in Etobicoke
Neighbourhood: Eringate-Centennial-West Deane
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- MLS Number
- W13813512
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Taxes (2026)
- $5,829
- Listing Brokerage
- MODERN SOLUTION REALTY INC.
Beautiful Walk-Out Bungalow on a Spectacular 50 x 150 Ft Ravine Lot! Welcome to this spacious and inviting 3+1 bedroom walk-out bungalow, offering approximately 1,491 sq. ft. of living space on the main floor and an incredible private ravine setting. Perfectly suited for families, extended families, or those looking for additional living space and rental potential. The main floor features a bright and spacious layout with a large eat-in kitchen, ideal for everyday family meals, along with a separate dining room conveniently located across the hall, perfect for entertaining family and friends. The generously sized basement offers a walk-out to the private ravine, creating a seamless connection to nature and providing excellent potential for additional living space. The basement includes a comfortable family room with wet bar, an additional bedroom, ample storage closets, a dedicated storage room, and a large cantina/cold room. Outside, enjoy a large double driveway with parking for up to 6 vehicles, plus a 2-car garage with direct access into the home. Located just steps from Centennial Park and the Etobicoke Olympium, with easy access to golf, top-rated schools, shopping, parks, transit, and countless recreational amenities. Enjoy playgrounds, a wading pool, picnic areas, the beautiful glasshouse conservatory, pond and nature trails. Outdoor enthusiasts will appreciate the nearby tobogganing hills, CP Pan Am BMX Centre, soccer fields, and baseball diamonds. A rare opportunity to own a spacious home in an exceptional ravine setting, combining privacy, nature, space, and convenience in one of the area's most desirable locations. Whether you're looking for a family home, space for extended family, or future income potential, this property offers incredible possibilities. Don't miss your opportunity to make this special property your forever home! * Roof is 2 years old*
Estimate your monthly payments for this property
Estimated Payment
$5,308.00/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 Eringate-Centennial-West Deane
Eringate-Centennial-West Deane 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 Eringate-Centennial-West Deane
- •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
Eringate-Centennial-West Deane 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.
114 Elmcrest Road, 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 $1091/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 15 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Etobicoke. Good resale value as demand remains consistent.
About Eringate-Centennial-West Deane
I know Eringate-Centennial-West Deane well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.