$1,788,800 - 353 St Clarens Avenue, Downtown Toronto
Multi-Family for Sale in Downtown Toronto
38 days on marketNeighbourhood: Dufferin Grove
- MLS Number
- C13574238
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 38
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- HOMELIFE REGIONAL REALTY LTD.
Exceptional opportunity to own a legal detached duplex in one of the area's most desirable, established neighborhoods. This solid masonry-built property features two self-contained units plus a basement, making it an ideal investment opportunity or an excellent choice for owner-occupants looking to offset their mortgage with rental income. Showcasing the quality craftsmanship of its era, the home offers three separate entrances, beautiful hardwood floors, original wood doors, and durable plaster walls. A detached double-car garage with convenient laneway access provides ample parking and additional value. Investors will appreciate the potential to add a future laneway suite (subject to municipal approvals), creating an opportunity for additional rental income and long-term appreciation. The flat roof was re-shingled in 2023, providing added peace of mind. Ideally situated in a mature, established neighborhood close to transit, schools, parks, shopping, and everyday amenities, this is a rare opportunity to acquire a legal income-generating property with excellent future upside in a highly sought-after location.
Estimate your monthly payments for this property
Estimated Payment
$7,912.47/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 Dufferin Grove
Dufferin Grove 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 Dufferin Grove
- •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
Dufferin Grove 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.
353 St Clarens Avenue, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 $894/sqft, this property is priced in line with current Downtown Toronto 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 38 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.
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 3 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.
About Dufferin Grove
I know Dufferin Grove 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,453 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.