23 Myrtle Avenue, Toronto E01

Price: $799,000

4 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Townhouse

MLS#: E13840102

A unique opportunity in the heart of South Riverdale, this duplex offers a flexible layout with two kitchens, two full bathrooms and four bedrooms, creating options for extended family, shared living or rental income. The home features granite countertops, mostly newer windows, updated HVAC, 200-amp electrical service and an owned tankless water heater. The main floor includes a spacious kitchen, living area and bedroom with a walkout to the deck and backyard, while the upper level offers a second kitchen and two additional bedrooms. The layout provides flexibility for a variety of living arrangements and future uses. Set on a deep 14.15 x 120 ft lot with rear laneway access and parking for two vehicles, the property also offers potential for a future laneway suite, subject to the buyer's own due diligence. Located near Gerrard St E and Jones Ave, close to schools, parks, transit, shops, restaurants, Woodbine Park, the Beach and Lake Ontario. A property with flexibility, income potential and long-term upside in one of Toronto's most established east-end neighbourhoods.

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$799,000 - 23 Myrtle Avenue, Leslieville

Townhouse for Sale in Leslieville

Popular Listing

Neighbourhood: South Riverdale

4Beds
2Baths
700 - 1,099Sq Ft
Townhouse

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Property Details
MLS Number
E13840102
Property Type
Townhouse
Status
active
Days on Site
8
Bedrooms
4
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Riverdale / Leslieville
Taxes (2025)
$3,997
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Description

A unique opportunity in the heart of South Riverdale, this duplex offers a flexible layout with two kitchens, two full bathrooms and four bedrooms, creating options for extended family, shared living or rental income. The home features granite countertops, mostly newer windows, updated HVAC, 200-amp electrical service and an owned tankless water heater. The main floor includes a spacious kitchen, living area and bedroom with a walkout to the deck and backyard, while the upper level offers a second kitchen and two additional bedrooms. The layout provides flexibility for a variety of living arrangements and future uses. Set on a deep 14.15 x 120 ft lot with rear laneway access and parking for two vehicles, the property also offers potential for a future laneway suite, subject to the buyer's own due diligence. Located near Gerrard St E and Jones Ave, close to schools, parks, transit, shops, restaurants, Woodbine Park, the Beach and Lake Ontario. A property with flexibility, income potential and long-term upside in one of Toronto's most established east-end neighbourhoods.

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Estimate your monthly payments for this property

Estimated Payment

$4,099.28/mo

Includes CMHC insurance ($22,292)

$
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5%10%50%

5-yr fixed avg.

Principal: $719,100Interest: $488,393
Mortgage Amount$741,392
Total Interest$488,393
Est. Property Tax$566/mo
Total Cost$1,229,785

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.

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Neighbourhood Guide: South Riverdale

Discover South Riverdale

South Riverdale 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 South Riverdale

  • •Convenient location in Riverdale / Leslieville
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

South Riverdale 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.

70
Walk Score
Varies
Price Range

23 Myrtle Avenue, Riverdale / Leslieville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,900/mo
Range: $2,465 - $3,335
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,900
Maintenance Fees-$0
Property Tax (est.)-$566
Insurance (est.)-$166
Net Cash Flow+$2,168

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1141/sqft, this property is priced above the Leslieville 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.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Leslieville have shown strong appreciation as families seek more space.

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.

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 Leslieville. Good resale value as demand remains consistent.

About South Riverdale

I know South Riverdale 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: Leslieville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    23 Myrtle Avenue, Riverdale / Leslieville | $799,000 | Battaglia Team