$3,300,000 - 41 Wasdale Crescent, Lawrence Park
Detached for Sale in Lawrence Park
160 days on market- MLS Number
- C12171040
- Property Type
- Detached
- Status
- active
- Days on Site
- 160
- Bedrooms
- 33
- Bathrooms
- 11
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- EXP REALTY
Discover a rare gem in Toronto's real estate landscape: a meticulously maintained 3-storey multiplex featuring 11 self-contained, 2-bedroom units, each approximately 750 sq ft. This solid brick building offers a blend of modern upgrades and reliable income potential, making it an ideal addition to any investor's portfolio. Each apartment boasts a renovated 4-piece bathroom, with 8 units featuring updated kitchens adorned with quartz countertops and luxury laminate flooring. Five units have been completely gutted and remodelled to meet contemporary standards. The electrical panel was upgraded to breakers five years ago, and LED lighting has been installed throughout. The commercial-grade blue-skin flat roof, installed eight years ago, offers durability with an expected lifespan of 40 years. Tenants benefit from separately metered hydro accounts, on-site coin-operated laundry facilities, individual lockers, and dedicated parking spaces. Security is enhanced with six fixed cameras and an intercom system, ensuring peace of mind for residents. Situated in a vibrant Toronto neighbourhood, 41 Wasdale Avenue is just an 11-minute bus ride to Yorkdale Station, providing seamless access to the Yonge-University subway line. This prime location ensures tenants can easily navigate the city, with downtown Toronto reachable in approximately 27 minutes via public transit.
Estimate your monthly payments for this property
Estimated Payment
$14,597.01/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 Lawrence Park / Bedford Park
Lawrence Park / Bedford Park 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 Lawrence Park / Bedford Park
- •Convenient location in Lawrence Park / Bedford Park
- •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
Lawrence Park / Bedford Park 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.
41 Wasdale Crescent, Lawrence Park / Bedford Park
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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
Competitive Pricing
At $660/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 160 days on site, this property has exceeded the typical selling timeline for Lawrence Park. 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 Lawrence 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.
Larger Home Realities
At 5,000 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.
Excellent Flexibility
With 33 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 Lawrence Park.
Bathroom Count Matters
With 11 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.