$1,148,000 - 203 Elmhurst Avenue, Willowdale
Detached for Sale in Willowdale
105 days on market- MLS Number
- C12847938
- Property Type
- Detached
- Status
- active
- Days on Site
- 105
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Thornhill / Willowdale
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Prime Lot on Prestigious Elmhurst! Rare opportunity to acquire an exceptionally beautiful 40x117 ft lot on one of North York's most desirable, tree-lined streets, surrounded by million dollar custom homes. This premium property offers outstanding redevelopment potential in a high-demand location known for luxury new builds. The existing 1-storey detached home features 2 bedrooms and 3 bathrooms and is currently livable, offering flexibility for end-users, renovators, or builders planning a future custom residence. The main floor offers comfortable living space with large windows and walk-out to the backyard, while the upper level includes two bedrooms. The basement offers 3 partially finished rooms with a laundry/bath combo, suitable for storage and utility use. The backyard is deep, private, and beautifully treed, featuring mature landscaping, multiple deck levels, and a serene outdoor setting that highlights the exceptional depth and usability of the lot. The generous yard size and layout is ideal for a future garden suite. Backing onto a park, the property offers rare privacy and a natural backdrop seldom found in this area. Set on a quiet street with strong curb appeal, the property's true value lies in the lot, location, privacy, and surrounding streetscape. An ideal opportunity for builders, investors, or buyers looking to design and build a custom home among established luxury residences. Located in a sought-after North York neighbourhood close to parks, schools, transit, and major amenities. A rare chance to secure premium land in a prestigious enclave where new homes command top market value.
Estimate your monthly payments for this property
Estimated Payment
$5,077.99/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 Thornhill / Willowdale
Thornhill / Willowdale 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 Thornhill / Willowdale
- •Convenient location in Thornhill / Willowdale
- •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
Thornhill / Willowdale 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.
203 Elmhurst Avenue, Thornhill / Willowdale
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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
Premium Pricing
At $1640/sqft, this property is priced above the Willowdale 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 105 days on site, this property has exceeded the typical selling timeline for Willowdale. 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 Willowdale 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,783 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.