$2,150,000 - 224 Ellis Avenue, High Park
Detached for Sale in High Park
39 days on marketNeighbourhood: High Park-Swansea
- MLS Number
- W13570788
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Listing Brokerage
- RARE REAL ESTATE
A Rare Opportunity To Secure One Of Swansea's Most Exceptional Building Opportunities. Set On An Impressive 46 x 262 Ft Ravine Lot, This Property Offers Outstanding Value Today And Extraordinary Potential For Tomorrow. Whether You Choose To Renovate, Reimagine Or Build New, The Possibilities Are Truly Exceptional. Included With The Property Are Professionally Designed Architectural Plans For A Stunning Contemporary Custom Residence, Together With A Building Permit Ready To Be Issued, Allowing The Next Owner To Begin Construction Without The Time And Uncertainty Of The Planning And Approval Process. Nestled On One Of Swansea's Most Desirable Streets, This Premium Property Combines An Expansive Lot, Exceptional Privacy And A Coveted Ravine Setting Just Moments From High Park, Bloor West Village, Excellent Schools, Transit And The Waterfront. A Truly Unique Opportunity To Build An Architectural Masterpiece In One Of Toronto's Most Prestigious West-End Neighborhoods While Saving Valuable Time, Planning And Design Work Already Invested. Rarely Does A Property Offer Such A Compelling Combination Of Location, Land And Vision.
Estimate your monthly payments for this property
Estimated Payment
$9,510.18/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 High Park-Swansea
High Park-Swansea 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 High Park-Swansea
- •Convenient location in High Park / Junction / Roncesvalles
- •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
High Park-Swansea 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.
224 Ellis Avenue, High Park / Junction / Roncesvalles
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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 $860/sqft, this property is priced in line with current High Park 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 39 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 High Park 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 5 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 High Park.
About High Park-Swansea
I know High Park-Swansea 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: High Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.