$1,898,000 - 232 Pearson Avenue, High Park
Multi-Family for Sale in High Park
83 days on market- MLS Number
- W12927644
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 83
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Thoughtfully designed triplex offers exceptional versatility for investors, multigenerational families, or those wishing to live in one unit and lease others. Ideally situated on border of Swansea/High Park & Roncesvalles communities. Updated and meticulously maintained, the property is truly turn key. Includes three units- three bedroom on 2nd and 3rd floor, two bedroom on main floor and one bedroom on the lower level. Each unit is self contained with its own private entrance. Property Features 99 LED pot lights throughout, updated electrical wiring with additional panel, renovated kitchens (3) and bathrooms(4) completed between 2021-2024, all new appliances including laundry installed 2021-2026 and refreshed flooring throughout with a mix of hardwood, vinyl and porcelain. Each unit has its own convenient ensuite laundry facilities. Additional improvements include a new water heater owned (2022), front tuck pointing (2022). The fully fenced 136 foot deep backyard provides a generous outdoor retreat with a garden deck (2024), and garden shed (2023) for convenient storage. Unique to the home - nine foot ceilings on main floor, various stained glass windows, and sizable covered front porch and a second level terrace overlooking backyard. EXCELLENT location! - Steps from the vibrant Roncesvalles Village- shops, cafes, restaurants, a short 10 minute walk to High Park or Sunnyside Beach - Lake Ontario, conveniently close to TTC routes, Queen St. W. St. Joseph's Hospital, schools, and quick access to the Gardiner Expressway. Whether this is an investment property or a home you plan to make your own, add 232 Pearson Ave. to your list of considerations. All 3 units currently tenanted.
Estimate your monthly payments for this property
Estimated Payment
$8,395.49/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 High Park / Junction / Roncesvalles
High Park / Junction / Roncesvalles 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 High Park / Junction / Roncesvalles
- •Convenient location in High Park / Junction / Roncesvalles
- •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
High Park / Junction / Roncesvalles 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.
232 Pearson Avenue, High Park / Junction / Roncesvalles
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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
Fair Market Value
At $949/sqft, this property is priced in line with current High Park 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.
Negotiation Opportunity
At 83 days on site, this property has exceeded the typical selling timeline for High 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.
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 High Park.
Bathroom Count Matters
With 4 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: High Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,908 (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.