$999,900 - 102 Cowan Avenue, High Park
Detached for Sale in High Park
New — Listed yesterday- MLS Number
- W13454900
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Attention Builders, Investors & End Users - Rare Toronto Redevelopment Opportunity! Unlock the potential of this exceptional 3,000 sq. ft. property situated on an oversized 25 x 150 ft. lot in one of Toronto's most connected and sought-after neighbourhoods. The heavy lifting has already been done-this home has been completely gutted and awaits your vision, offering a blank canvas for a custom rebuild or investment project. Included with the property are approved architectural drawings, City-approved plans, and permits for the conversion and retrofitting of a single-family residence with a self-contained basement apartment. The basement has already been professionally underpinned, providing approximately 8-foot ceiling height and creating valuable additional living space. For investors seeking greater density, architectural drawings for a proposed 5-unit multiplex are also available, presenting an exciting opportunity to explore alternative redevelopment possibilities. The expansive lot is a true standout feature, offering a generous backyard along with ample laneway parking possibilities-an increasingly rare find in the city. Currently designated as a multiplex, the property may also present future opportunities for those looking to reconfigure it as a multi-unit investment property. The lot size and layout may further support the potential for a garden suite or laneway suite. Conveniently located in the vibrant Parkdale neighbourhood with an impressive Walk Score of 80 and Transit Score of 96, Cowan is one of the most sought-after streets in Parkdale/Toronto - with its summer street sale and Halloween extravaganza - you will enjoy easy access to transit, local shops, restaurants, parks, and everyday amenities. Property being sold in its current state. Approved plans, permits, and additional architectural drawings for a proposed 5-unit multiplex available upon request.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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 High Park / Junction / Roncesvalles
High Park / Junction / Roncesvalles 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 High Park / Junction / Roncesvalles
- •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
High Park / Junction / Roncesvalles 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.
102 Cowan 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 $333/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.
Just Listed - Act Strategically
This property hit the market within the last week. In High Park'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 High 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 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.
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 $4,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.