$2,395,000 - 153 Strachan Avenue, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
160 days on market- MLS Number
- C12633396
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 160
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Presenting a once-in-a-generation opportunity in the heart of Downtown Toronto: Permits in place to build the tallest home in all of Toronto at 18 meters (59 feet)! This is the future home of an architectural landmark that will redefine luxury, exclusivity, and urban stature. With unprecedented approvals for a four-storey, five-level freehold residence featuring voluminous 11.5-foot ceilings on every level, along with a sixth-level rooftop terrace offering spectacular 360-degree views of the Downtown skyline and Trinity-Bellwoods Park, this site provides an unparalleled platform for creating a world-class statement of scale, design excellence, and global prestige. An opportunity like this is exceptionally rare -- a true unicorn -- and genuinely unrepeatable! Set on a 24 x 120 foot lot with a wide rear lane, this property includes approved permits for a total build of approximately 7,800SF. Plus potential for a 1,000SF rooftop terrace. The main residence offers approximately 5,200SF above grade across four floors, a 1,340SF raised lower level with dramatic entry with double height ceilings, a 700 SF second-level Lane House, and a 700SF pull-through garage with parking for up to four vehicles. Construction can begin immediately, with full plans and budgeting available and established builders standing bye. The approved design supports a flexibility of uses including a 2,680SF + 1,000SF rooftop multi-level owner's residence with elevator access, alongside separate 1,340SF and 2,680SF suites ideal for multi-generational living or strong rental income potential. Structural steel and concrete construction with heated floor throughout-rare in residential builds-provides exceptional sound, fire, and vibration performance. Located beside $7,000,000+ homes and minutes to Trinity-Bellwoods Park, Ossington, Queen West, King West, the Financial District, Lake Ontario, the Gardiner, and Billy Bishop Airport. See feature sheet for further details.
Estimate your monthly payments for this property
Estimated Payment
$10,593.89/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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
153 Strachan Avenue, Downtown Toronto / Waterfront
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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
Premium Pricing
At $3421/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 160 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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 Downtown Toronto 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,979 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.