$1,065,000 - 226 Bicknell Avenue, Keelesdale
Multi-Family for Sale in Keelesdale
- MLS Number
- W13168894
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 16
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Keelesdale / Eglinton West
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rare Opportunity to acquire a rare detached legal triplex in Toronto's rapidly evolving Keelesdale neighbourhood. Situated on a 25 x 120 ft lot, 226 Bicknell Ave offers income potential with strong long-term redevelopment upside for investors, builders, and strategic buyers alike. This fully detached three-storey property features three self-contained 2-bedroom units, each with a functional layout including a full kitchen, living room, dining area, 4-piece bath, and dual exits for added safety and convenience. Separate hydro meters for each unit plus shared coin-operated laundry provide additional income optimization opportunities. Rare rear parking accommodates up to 3 vehicles.The unfinished top-floor unit presents a unique value-add opportunity for investors to complete and customize the space to their own vision, design preferences, and rental strategy.Located on a high walk score residential street just a 3-minute walk to the LRT and close to TTC transit, this property benefits from exceptional connectivity and continued neighbourhood growth. Minutes to the vibrant Stockyards District offering shopping, restaurants, grocery stores, and everyday amenities. Convenient access to schools, parks, community centres, Hwy 401, Hwy 400, and the Gardiner Expressway.An excellent opportunity for investors seeking rental income today while positioning for future appreciation, value-add improvements, or longer-term redevelopment potential in one of Toronto's transforming west-end communities. Property being sold in "as-is, where-is" condition. Seller makes no warranties or representations. All measurements, taxes, and details to be independently verified by the buyer.
Estimate your monthly payments for this property
Estimated Payment
$4,710.85/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 Keelesdale / Eglinton West
Keelesdale / Eglinton West 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 Keelesdale / Eglinton West
- •Convenient location in Keelesdale / Eglinton West
- •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
Keelesdale / Eglinton West 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.
226 Bicknell Avenue, Keelesdale / Eglinton West
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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
Competitive Pricing
At $710/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.
Market Position
At 16 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.
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 Keelesdale.
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: Keelesdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,438 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.