$4,649,000 - 1 Friars Lane, Etobicoke
Detached for Sale in Etobicoke
New — Listed 4 days ago- MLS Number
- W13160152
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- RIGHT AT HOME REALTY
If You're Searching For A Cookie-Cutter Home With No Personality, This Is Not It. But If You Want A Truly One-Of-A-Kind Architectural Statement In One Of The Most Sought-After Pockets Of Etobicoke, Welcome Home!Privately Nestled On A Quiet Cul-De-Sac In Thorncrest Village, This Extraordinary 5+1 Bedroom Residence Is An Architectural Masterpiece Designed By Renowned Architect Rocco Maragna. Originally Built In 1992 And Later Re-Imagined Through An Extensive Renovation And Expansion Personally Supervised By The Architect, The Home Blends The Warmth And Elegance Of Spanish-Revival Architecture With Bold, Avant-Garde, Mid-Century Modern Design.Offering Over 7,500 Square Feet Of Interior Living Space, The Home Features Soaring 17-Foot Ceilings, Expansive Windows And An Open-Concept Layout Filled With Natural Light. Premium Materials Imported From Europe Elevate Every Detail, Including Italian Granite Flooring, Italian Black Lacquer Interior Doors, European Vanities, Porcelain Bathroom Finishes, And A Breathtaking Murano Glass Chandelier Anchoring The Dining Room.The Resort-Style Backyard Is Nothing Short Of Spectacular. Fully Fenced And Professionally Landscaped, It Features An Award-Winning Inground Pool And Spa, Outdoor Kitchen With Two Built-In Lynx Barbecues, And Multiple Entertaining Areas Surrounded By Mature Trees And More Than Ten Varieties Of Rare Japanese Specimens, Including A Prized Shishigashira Maple. Outdoor Stone Imported From Arizona Completes The Setting.Additional Highlights Include A Private Elevator Serving All Three Levels, Two Staircases, A Finished Basement With Above-Grade Windows, Integrated Home Audio, Heated Front Stone Patio, Generator, Irrigation System, Circular Driveway With Parking For Up To Ten Cars, And An Attached Two-Car Garage.Minutes From Transit, Parks, Shops, Schools, Golf Clubs, And Less Than Fifteen Minutes From Pearson Airport, This Is A Rare Offering For Those Who Value Architectural Distinction Without Compromise.
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Estimated Payment
$20,564.10/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 Etobicoke (Islington / Rexdale)
Etobicoke (Islington / Rexdale) 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 Etobicoke (Islington / Rexdale)
- •Convenient location in Etobicoke (Islington / Rexdale)
- •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
Etobicoke (Islington / Rexdale) 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.
1 Friars Lane, Etobicoke (Islington / Rexdale)
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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
Fair Market Value
At $930/sqft, this property is priced in line with current Etobicoke 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.
Just Listed - Act Strategically
This property hit the market within the last week. In Etobicoke's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Etobicoke 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 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 Etobicoke.
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.