$3,500,000 - 23 Mitchell Avenue, Downtown Toronto
Detached for Sale in Downtown Toronto
156 days on market- MLS Number
- C12668020
- Property Type
- Detached
- Status
- active
- Days on Site
- 156
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Lot Size
- 2,282 sqft
- Listing Brokerage
- ONE PERCENT REALTY LTD.
Welcome to 23 Mitchell Ave, a renovated detached home that offers a blend of modern design and functional living space. This two-story house, built in 2000 and renovated in 2025, sits on a 25x91 foot lot. It has 4 bedrooms and 3 full bathrooms, plus a main floor powder room. The kitchen is equipped with quartz countertops, a waterfall centre island, and high-end integrated and stainless steel appliances. The sunken living room is spacious, open, and overlooks the backyard. Throughout the main and upper floors, you'll find white oak engineered hardwood floors and LED pot lights. The home has 2,018 square feet of above-grade living space, with an additional 460 square foot lower level and 280 square foot garage. The lower level features a recreation room with heated floors and a walk-out to the backyard. A 3-piece bathroom was added to the lower level during the 2025 renovation, offering the potential for an in-law suite or fifth bedroom. Other features include a separate laundry room, built-in garage with interior access and private brick front pad, providing parking for two cars. Located in the vibrant Queen West neighbourhood, this property is close to many amenities, with an enviable Walk/Transit/Bike Score of 99/97/93. Commuting is a breeze, with the Queen streetcar providing a quick and direct route to the financial district, ScotiaBank Arena and Rogers Centre. The King street car offers quick access to the Distillery District and Leslieville. Once the Ontario Line is complete, the King-Bathurst Station will be in close proximity. Coffee shops and restaurants like Jimmy's Coffee and Terroni abound nearby. The home is also near parks, including Stanley Park and Trinity Bellwoods Park, which offer a range of recreational facilities. Venture south to find easy access to the lakefront.
Estimate your monthly payments for this property
Estimated Payment
$15,481.68/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.
23 Mitchell 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 $1750/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 156 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.
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 Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $14,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.