245 Patricia Avenue, Toronto C07

Price: $3,498,000

6 bedrooms, 8 bathrooms

3,500 - 3,999 sqft

Property Type: Detached

MLS#: C12887280

Welcome to 245 Patricia Avenue. A newly built, truly one of a kind luxury residence in the heart of North York. This exceptional home offers a rare and highly versatile layout featuring two fully independent living units under one roof, plus a walk up basement and an impressive 4 car indoor garage.A designer home that seamlessly balances elegance with practicality, it showcases thoughtful planning and meticulous attention to detail. Every inch has been crafted for functionality, with abundant storage integrated throughout.Perfect for multi generational living, investors, or anyone seeking flexible living arrangements, this residence blends style, privacy, and utility in a single remarkable package.Inside, you'll find modern, open concept living areas, sophisticated finishes, and contemporary architectural details that create a refined yet comfortable atmosphere. Ideally situated in one of Toronto's most desirable neighbourhoods, the property offers close proximity to top rated schools, parks, shopping, dining, and convenient transit options along a vibrant corridor. Built-in 2023. A rare offering that combines luxury, innovative design, quality craftsmanship, and everyday practicality.A must see property.

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$3,498,000 - 245 Patricia Avenue, Willowdale

Detached for Sale in Willowdale

86 days on market
6Beds
8Baths
3,500 - 3,999Sq Ft
Detached
Property Details
MLS Number
C12887280
Property Type
Detached
Status
active
Days on Site
86
Bedrooms
6
Bathrooms
8
Square Feet
3,500 - 3,999 sqft
Neighbourhood
Thornhill / Willowdale
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Welcome to 245 Patricia Avenue. A newly built, truly one of a kind luxury residence in the heart of North York. This exceptional home offers a rare and highly versatile layout featuring two fully independent living units under one roof, plus a walk up basement and an impressive 4 car indoor garage.A designer home that seamlessly balances elegance with practicality, it showcases thoughtful planning and meticulous attention to detail. Every inch has been crafted for functionality, with abundant storage integrated throughout.Perfect for multi generational living, investors, or anyone seeking flexible living arrangements, this residence blends style, privacy, and utility in a single remarkable package.Inside, you'll find modern, open concept living areas, sophisticated finishes, and contemporary architectural details that create a refined yet comfortable atmosphere. Ideally situated in one of Toronto's most desirable neighbourhoods, the property offers close proximity to top rated schools, parks, shopping, dining, and convenient transit options along a vibrant corridor. Built-in 2023. A rare offering that combines luxury, innovative design, quality craftsmanship, and everyday practicality.A must see property.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$15,472.83/mo

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5-yr fixed avg.

Principal: $2,798,400Interest: $1,843,450
Mortgage Amount$2,798,400
Total Interest$1,843,450
Est. Property Tax$2,478/mo
Total Cost$4,641,850

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.

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Neighbourhood Guide: Thornhill / Willowdale

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

245 Patricia Avenue, Thornhill / Willowdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,850/mo
Range: $4,123 - $5,578
Cap Rate (ROI)
0.6%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,850
Maintenance Fees-$0
Property Tax (est.)-$2,478
Insurance (est.)-$729
Net Cash Flow+$1,643

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $999/sqft, this property is priced in line with current Willowdale 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 86 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.

Larger Home Realities

At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

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 Willowdale.

Bathroom Count Matters

With 8 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.

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    245 Patricia Avenue, Thornhil… — $3,498,000 | Battaglia Team