$2,345,000 - 242 The Kingsway N/A, Etobicoke
Detached for Sale in Etobicoke
36 days on market- MLS Number
- W13122174
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to 242 The Kingsway, a timeless red brick home in the heart of Etobicoke's prestigious Edenbridge-Humber Valley community. Set on an impressive 170ft deep lot, the property is framed by mature trees and generous green space, creating a private backyard retreat. This home blends classic 1940s charm with a thoughtfully executed addition (2005) that enhances both space and functionality. Feel welcomed immediately, as the foyer opens to a versatile space perfect as a home office, library, or mudroom, while a classic wooden staircase rises straight ahead. The elegant formal dining room, anchored by a fireplace and filled with natural light, offers a warm and inviting atmosphere. At the rear, an open-concept layout seamlessly connects the eat-in kitchen and living room, designed for both everyday living and entertaining, complete with a high efficiency wood fireplace, large windows, and a walkout to the backyard. Upstairs, four spacious bedrooms include a serene primary suite featuring elevated ceilings, a walk-in closet, private ensuite, and a charming balcony overlooking the lush grounds. The additional bedrooms are served by a well-appointed 5-piece bathroom. The fully finished lower level provides exceptional flexibility with two separate access points, a great room spanning the width of the home with gas fireplace, a 2-piece bathroom, utility and workshop space, and a bonus room ideal for guests, a gym, or quiet home office. Rich in character, this home sits among the stately residences that define The Kingsway, an iconic neighbourhood originally envisioned by Robert Home Smith as an English garden suburb known for its winding, tree-lined streets and timeless appeal. Just steps to Humber River trails, top-rated schools, and approximately 15 minutes to Toronto Pearson International Airport, this is a rare opportunity to own in one of Toronto's most sought-after communities.
Estimate your monthly payments for this property
Estimated Payment
$10,372.73/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 (Islington / Rexdale)
Etobicoke (Islington / Rexdale) 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 (Islington / Rexdale)
- •Convenient location in Etobicoke (Islington / Rexdale)
- •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 (Islington / Rexdale) 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.
242 The Kingsway N/A, Etobicoke (Islington / Rexdale)
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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 $938/sqft, this property is priced in line with current Etobicoke 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.
Market Position
At 36 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 Etobicoke 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Etobicoke. Good resale value as demand remains consistent.
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: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,771 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.