$2,998,000 - 76-78 Lewis Street, Leslieville
Detached for Sale in Leslieville
Neighbourhood: South Riverdale
- MLS Number
- E13464072
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 12
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Riverdale / Leslieville
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rare Double-Lot Multi-Unit gem in the Heart of Leslieville! 76-78 Lewis Street sits on an ultra-rare, massive 44.08 x 135-foot lot, presenting an unmatched opportunity for developers, investors, and end-users alike. Featuring high-density R(d1*7) zoning, the development and intensification upside here is incredible. For the savvy investor or multi-generational family, this is a premier, high-yield cash-flow asset featuring four massive 3-bedroom suites, each boasting its own private entrance. It is the perfect setup for premium rental income, a sophisticated co-living arrangement, or a luxurious multi-generational compound. Beyond the current four-unit configuration, the sheer scale of this lot is a developer's dream. With R(d1*7) zoning and a deep 135-foot lot, explore the potential for garden suites, massive extensions, or future severance(buyer to verify). The crowning jewel? a private drive with parking for up to 5 cars--a virtually non-existent luxury in downtown Toronto. Located steps from Queen East's world-class dining, cafes, transit, and parks. live in luxury, build your dream, or hold a generational wealth-generating asset!
Estimate your monthly payments for this property
Estimated Payment
$13,261.17/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 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
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.
76-78 Lewis Street, Riverdale / Leslieville
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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 $999/sqft, this property is priced in line with current Leslieville 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 18 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.
Detached Home Advantages
Detached homes in Leslieville 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 3,000 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 12 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 Leslieville.
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.