$1,795,000 - 174 Caribou Road, Lawrence Park
Detached for Sale in Lawrence Park
56 days on market- MLS Number
- C13034452
- Property Type
- Detached
- Status
- active
- Days on Site
- 56
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Welcome To One Of The Last Chances To Own On This Much-Loved And Highly Sought-After Block In The Ave & Lawrence's Enclave Situated On A Generous 51 X 117 Ft Lot And Surrounded By Multimillion Dollar Homes. Can Build Up To 3,800 Square Feet Above Grade Without Going to Comittee As Per Site Plan Attached. This Property Offers Incredible Potential-Whether You're A First-Time Buyer Ready To Move In And Personalize Over Time, Or An Investor, Renovator, Or Builder Eager To Bring Your Vision To Life. The Flexible Layout Provides The Option To Rent With Separate Floor Suites Already Available, Making It An Excellent Opportunity To Generate Income While Planning Your Next Steps. A+ Location-Just A Short Walk To Bathurst Street & Ave Rd Shops, Cafes, And Restaurants, And Close To Excellent Private/Public Schools, Community Amenities, And Places Of Worship. With Quick Access To Highway 401, Downtown, And The Airport, Commuting Is Easy And Convenient. A Fantastic Opportunity To Become Part Of A Vibrant, Established Neighbourhood. Survey Attached.
Estimate your monthly payments for this property
Estimated Payment
$7,939.89/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.
174 Caribou Road, Lawrence Park / Bedford Park
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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
Premium Pricing
At $1632/sqft, this property is priced above the Lawrence Park average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 56 days on site, this property has exceeded the typical selling timeline for Lawrence Park. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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 Lawrence Park.
Bathroom Count Matters
With 3 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 $7,479 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.