$3,798,000 - 23 Lorraine Gardens, Etobicoke
Detached for Sale in Etobicoke
New — Listed 4 days agoNeighbourhood: Islington-City Centre West
- MLS Number
- W13695496
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
A rare architectural gem nestled on an extraordinary 100 x 350 ft ravine lot overlooking Mimico Creek. Spanning nearly 4,700 sqft across 2 levels, this exceptional bungalow beautifully blends mid-century character with thoughtful modern updates, while preserving the warmth and craftsmanship that make this home truly one of a kind. The dramatic stone fireplace, rising from the lower level through to the main floor ceiling, forms the striking centrepiece of the home. Vaulted and beamed ceilings, expansive windows and natural materials create a distinctive architectural aesthetic, with spectacular views of the ultra-private ravine setting from virtually every principal room. The main floor offers 3 spacious bedrooms, including a generous primary retreat with his and her closets and a 4pc ensuite, along with a renovated family bath. The large living room features a cathedral ceiling and impressive views, while the dining room and eat-in kitchen provide an effortless connection to the outdoors. The kitchen walks out to a patio overlooking the grounds, with convenient access down to the expansive yard. A powder room and well-appointed laundry/mudroom with abundant storage complete the main level. The walkout lower level is equally impressive, offering a spacious family room, 4th bed with walk-out, 3pc bath and multiple additional living spaces. A separate area with a 2nd kitchen, den/family room and bedroom offers incredible flexibility for a nanny or in-law suite, guest accommodations or extended family. Multiple walk-outs from both levels seamlessly connect the home to its spectacular natural surroundings. Security film was professionally installed on home's windows & glass doors in 2025. A large circular drive accommodates 12+ vehicles, complemented by double garage with additional storage. A truly special property offering privacy, space, architectural character and an unparalleled connection to nature - a rare opportunity in one of Toronto's most coveted settings.
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Estimated Payment
$16,799.84/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 Islington-City Centre West
Islington-City Centre West 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 Islington-City Centre West
- •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
Islington-City Centre West 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.
23 Lorraine Gardens, 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 $1085/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Etobicoke's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 3,500 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.
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.
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.