$2,500,000 - 16 Lemonwood Drive, Etobicoke
New Construction for Sale in Etobicoke
- MLS Number
- W13112016
- Property Type
- New Construction
- Status
- active
- Days on Site
- 30
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to a home that doesn't just impress - it lingers with you. Nestled in the heart of Edenbridge-Humber Valley, this stunning modern residence blends bold architectural design with warm, everyday luxury. Step inside to soaring 10-ft ceilings, floating staircase, sleek glass railings, and designer finishes throughout. The formal dining and family rooms are divided by a striking double-sided glass fireplace, creating the perfect balance of openness and intimacy for entertaining guests or cozy nights inside. At the heart of the home is a chef-inspired kitchen featuring high-end built-in appliances, custom cabinetry, wine fridge, oversized quartz island, and endless storage. The open-concept layout flows seamlessly to the oversized backyard - perfect for summer dinners, morning coffees, and evenings under the stars. Upstairs, the primary suite feels like a private retreat with a walk-in closet and spa-inspired 6-piece ensuite complete with heated floors and a luxurious heated toilet/bidet. All bedrooms are generously sized with oversized windows and ample closet space. The lower basement level offers incredible flexibility with 9-ft ceilings, hardwood floors, kitchen, laundry, mudroom, and separate entrance - ideal for extended family, guests, or additional living space. Luxurious finishes include accent walls, skylights, pot lights, modern fixtures, custom cabinetry, Rubi faucets, heated bathroom floors, sprinkler system, and premium Bosch, Thermador, and Samsung appliances. Sophisticated yet inviting, this home is more than a place to live - it's a lifestyle statement.
Estimate your monthly payments for this property
Estimated Payment
$11,058.34/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.
16 Lemonwood Drive, Etobicoke (Islington / Rexdale)
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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 $833/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.
Market Position
At 30 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.
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 7 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.
Investment Perspective
Looking at this as an investment: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $10,417 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.