$2,400,000 - 24 Bishop Street, Yorkville
Detached for Sale in Yorkville
39 days on market- MLS Number
- C13103390
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Listing Brokerage
- KELLER WILLIAMS PORTFOLIO REALTY
A rare detached gem in the heart of Yorkville, nestled on a quiet Cul de Sac, this home boasts a distinguished façade and sundrenched interiors.This fully renovated executive home blends timeless elegance with modern comfort, offering exceptional presence and an abundance of natural light. Framed by three walls of windows, the main level is flooded with natural sunlight, highlighting the rich character of original wood floors, period custom trim, Victorian millwork, beadboard, and thoughtfully preserved vintage touches that beautifully unite heritage charm with modern refinement. Designed for sophisticated living and effortless entertaining, the open-concept principal rooms offer seamless flow between living, dining, and gathering spaces. The chef-inspired kitchen features a generous centre island and too is sundrenched with a rear wall of windows and deliberately selected Southern exposure window that welcomes the sun in all day. The kitchen is designed for both everyday living and hosting, and features consistent main flooring, generous cupboard space and seamless sightlines to the beautifully landscaped back patio and garden. A walkout enhances the indoor-outdoor flow, making entertaining effortless. Upstairs, two generously sized bedrooms each enjoy the privacy of their own full bathrooms, including a spacious primary suite with a dedicated ensuite. The Primary retreat was also designed with a large dressing area complete with skylight and ample clothes storage. The lower level expands the living space with a large open-concept recreation room, a full bathroom, and a separate walkout entrance with direct access to the front of the home-offering excellent potential for a private rental suite or guest quarters. Outside, the maintenance-free backyard is a true retreat, showcasing lush seasonal blooms and providing the perfect setting for summer entertaining. A wonderful condo alternative and rare opportunity to own a detached home in this prestigious enclave.
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Estimated Payment
$10,616.01/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 Annex / Yorkville / Summerhill
Annex / Yorkville / Summerhill 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 Annex / Yorkville / Summerhill
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex / Yorkville / Summerhill 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.
24 Bishop Street, Annex / Yorkville / Summerhill
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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 $1600/sqft, this property is priced above the Yorkville 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.
Market Position
At 39 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.
Detached Home Advantages
Detached homes in Yorkville 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $10,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.