$1,889,000 - 20 Bridesburg Drive, Etobicoke
Multi-Family for Sale in Etobicoke
106 days on market- MLS Number
- W12847240
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 106
- Bedrooms
- 9
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Etobicoke (Kingsview Village / Humber Heights)
- Listing Brokerage
- ZOLO REALTY
Situated on a premium 50 x 125 ft lot with 7 parking spaces, this well-maintained income property offers exceptional upside potential, including the possibility of a future garden suite (buyer to verify). Ideally located near major highways and Toronto Pearson Airport, the property benefits from strong and consistent rental demand. Two units are currently operating as short-term rentals, providing flexible income opportunities (subject to municipal compliance). Extensive renovations have already been completed, including new laminate flooring, updated kitchens and bathrooms, new doors, new asphalt, two furnaces, two A/C units, two tankless water heaters, and a roof replaced in 2013 and windows are vinyl. Tenant-paid utilities help minimize operating expenses and maximize cash flow. The building features two separate laundry areas, including on-site coin-operated laundry for additional income potential. Ample parking ensures convenience for both tenants and visitors. Impeccably maintained and truly move-in ready, this property requires no further work. Whether you're an investor seeking a turnkey income property or an end-user looking to live in one unit while generating rental income from the others, this is a rare opportunity combining location, upgrades, strong cash flow, and long-term development potential. Tenants are willing to stay, with vacant possession also available upon closing.
Estimate your monthly payments for this property
Estimated Payment
$8,355.68/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 (Kingsview Village / Humber Heights)
Etobicoke (Kingsview Village / Humber Heights) 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 (Kingsview Village / Humber Heights)
- •Convenient location in Etobicoke (Kingsview Village / Humber Heights)
- •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 (Kingsview Village / Humber Heights) 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.
20 Bridesburg Drive, Etobicoke (Kingsview Village / Humber Heights)
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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 $630/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.
Negotiation Opportunity
At 106 days on site, this property has exceeded the typical selling timeline for Etobicoke. 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.
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 9 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 $7,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.