$1,898,000 - 73 Elm Grove Avenue, High Park
Multi-Family for Sale in High Park
Neighbourhood: South Parkdale
- MLS Number
- W13637614
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 19
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
73 Elm Grove Ave is Queen West's Best Kept Secret. This neighbourhood doesn't need an introduction. World-renowned, trendsetting, the vibe that everyone else is trying to copy and hiding just off its edge is a rare piece of Victorian real estate that quietly does something rarer than trendy: it prints money and looks incredible doing it. Here at 73 Elm Grove, a stunning 4-unit Victorian with an attached garage - because your vintage Porsche deserves better than street parking and more upside than you've seen in years. The main level is the owner's unit, and it's an exceptional one: a 2-bed, 2-bath home with huge principal rooms full of charm and character, a powder room, a full spa-inspired bath, and two king-sized bedrooms. The kitchen is massive, built around an island, with a walkout to your own New York-style outdoor hangout. Live here, collect income from the rest - an opportunity you didn't think existed at this price point. Upstairs: a 2-bed, 1-bath unit, a 1-bed, 1-bath unit, and a third-floor loft-style bachelor that's the stuff of tenant dreams. The kind of space that draws the exact renter you want, with movie/ good book flair. The location is a stone's throw from Queen West itself - Saint James Coffee, Craigs Cookies, The Rhino, the Gladstone and Drake Hotels, TTC access, and a long list of Toronto landmarks you'll never tire of name-dropping. Downstairs, a clean, open walkout basement, a blank canvas, ready for your architect and contractor to reimagine. Few properties build this kind of excitement. Rare style, rare charm, rare opportunity all in one awesome Queen West address.
Estimate your monthly payments for this property
Estimated Payment
$8,395.49/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 South Parkdale
South Parkdale 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 Parkdale
- •Convenient location in High Park / Junction / Roncesvalles
- •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
South Parkdale 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.
73 Elm Grove Avenue, High Park / Junction / Roncesvalles
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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 $759/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.
Market Position
At 19 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.
Excellent Flexibility
With 6 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 High Park.
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.
About South Parkdale
I know South Parkdale 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: High Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,908 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.