$1,490,000 - 19 Granite Street, North York
Detached for Sale in North York
158 days on market- MLS Number
- C12365975
- Property Type
- Detached
- Status
- active
- Days on Site
- 158
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- North York (Bathurst Manor / Clanton Park)
- Lot Size
- 7,500 sqft
- Listing Brokerage
- HOME STANDARDS BRICKSTONE REALTY
Welcome to this rare opportunity in the heart of Toronto's highly desirable Clanton Park community! Situated on an impressive 50 x 150 ft lot, this spacious Bungalow offers both immediate rental income potential and long-term investment value. With a thoughtfully designed layout, the property features 4 self-contained units, each with separate entrances, generating a solid rental income of approximately $5,250 per month-perfect for helping cover your mortgage while you live comfortably in the main floor residence. Step inside the bright and airy main level, where the current owner occupies a charming 3-bedroom space filled with natural light, a welcoming family atmosphere. The lower and side units have been carefully configured to maximize privacy and rental appeal, providing well-maintained kitchens, bathrooms, and practical living areas that attract strong tenant demand in this high-traffic neighborhood. Enjoy the convenience of an oversized double garage and an extra-large driveway accommodating up to 6 vehicles, a true rarity in Toronto. The expansive backyard offers endless potential-whether for gardening, family gatherings, or even future redevelopment. Investors will appreciate the lot size and zoning flexibility, while end-users can enjoy the stability of living in one unit while leveraging rental income from the others. Location is everything, and this property delivers: just minutes to Wilson Subway Station, Yorkdale Mall, Allen Road, Highway 401, schools, parks, and community amenities. Clanton Park is known for its family-friendly atmosphere, established community, and unbeatable transit access. Whether you're looking for a primary residence with mortgage support, a multi-unit investment property, or a future redevelopment project, this home checks all the boxes. Prime Investment Opportunity ! High-yield property with full four-plex potential. A must - see !
Estimate your monthly payments for this property
Estimated Payment
$6,590.77/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 North York (Bathurst Manor / Clanton Park)
North York (Bathurst Manor / Clanton Park) 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 North York (Bathurst Manor / Clanton Park)
- •Convenient location in North York (Bathurst Manor / Clanton Park)
- •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
North York (Bathurst Manor / Clanton Park) 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.
19 Granite Street, North York (Bathurst Manor / Clanton Park)
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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 $1355/sqft, this property is priced above the North York 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 158 days on site, this property has exceeded the typical selling timeline for North York. 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 North York 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.
Excellent Flexibility
With 7 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 North York.
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.
Investment Perspective
Looking at this as an investment: North York properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.