$1,998,000 - 107 Otter Crescent, Lawrence Park
Detached for Sale in Lawrence Park
Popular Listing- MLS Number
- C13238888
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- RIGHT AT HOME REALTY
One-of-a-kind, thoughtfully crafted home in the prestigious Bathurst/Avenue Rd area. This unique property features 4+1 bedrooms, an oversized loft, and 4 bathrooms. The updated kitchen comes with two fridges and a heated granite countertop. The modern basement apartment with a separate entrance, finished in 2022, offers flexibility as an in-law suite, Airbnb rental, or guest unit. Approximately 50% of the home is a brand-new build, showcasing high-end finishes and upgrades, including water radiant heated flooring and high-performance insulating materials. The ground-level great room, currently used as an art studio, can be converted back into a two-car garage. Enjoy beautifully landscaped grounds with mature trees, a gazebo, and even a charming treehouse. The property has potential for office use (previously 361 Lawrence Ave W, Toronto). The lot size is effectively larger due to the inclusion of adjacent municipal land. Too many features to list, please refer to the detailed floor plans attached. Survey and building permits are available upon request. The property is in the district of the city's top-ranked schools: John Ross Robertson Junior Public School, Glenview Senior Public School, Lawrence Park Collegiate Institute, and the prestigious private girls' school, Havergal College. Situated in a family-friendly neighborhood just a short distance from Avenue Road, with easy access to parks, shopping, restaurants, three subway stations, main transportation hubs, and public transit. This is a must-see masterpiece with unmatched character and artistic flair!
Estimate your monthly payments for this property
Estimated Payment
$8,837.83/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.
107 Otter 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 $571/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.
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 3,500 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 5 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 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.
Investment Perspective
Looking at this as an investment: Lawrence Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.