254 Patricia Avenue, Toronto C07

Price: $1,099,999

4 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: C13158084

Prime opportunity in a cozy, family-friendly pocket of North York! Situated on sought-after Patricia Ave, this property offers exceptional potential in a rapidly growing neighbourhood surrounded by new custom-built homes. Set on a premium 50 x 131.60 ft lot, this home features a fully finished basement with two bedrooms, kitchen, and bathroom - ideal for extended family or in-law living. The property also includes an impressive approximately 600 sq. ft. detached heavy wood-structure garage/workshop equipped with its own 60-amp electrical panel plus hot and cold water service, offering excellent flexibility for hobbyists, trades, storage, workshop use, or potential future garden suite considerations. Enjoy a highly convenient location just minutes to Yonge Street, steps to TTC transit, top-rated schools, parks, shopping, and everyday amenities. A rare opportunity for families, investors, builders, or end-users in one of North York's most desirable neighbourhoods.

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$1,099,999 - 254 Patricia Avenue, Willowdale

Detached for Sale in Willowdale

4Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
C13158084
Property Type
Detached
Status
active
Days on Site
20
Bedrooms
4
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Thornhill / Willowdale
Listing Brokerage
RE/MAX EXCEL REALTY LTD.
Description

Prime opportunity in a cozy, family-friendly pocket of North York! Situated on sought-after Patricia Ave, this property offers exceptional potential in a rapidly growing neighbourhood surrounded by new custom-built homes. Set on a premium 50 x 131.60 ft lot, this home features a fully finished basement with two bedrooms, kitchen, and bathroom - ideal for extended family or in-law living. The property also includes an impressive approximately 600 sq. ft. detached heavy wood-structure garage/workshop equipped with its own 60-amp electrical panel plus hot and cold water service, offering excellent flexibility for hobbyists, trades, storage, workshop use, or potential future garden suite considerations. Enjoy a highly convenient location just minutes to Yonge Street, steps to TTC transit, top-rated schools, parks, shopping, and everyday amenities. A rare opportunity for families, investors, builders, or end-users in one of North York's most desirable neighbourhoods.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,865.67/mo

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5%20%50%

5-yr fixed avg.

Principal: $879,999Interest: $579,701
Mortgage Amount$879,999
Total Interest$579,701
Est. Property Tax$779/mo
Total Cost$1,459,700

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

254 Patricia Avenue, Thornhill / Willowdale

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$779
Insurance (est.)-$229
Net Cash Flow+$2,192

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

Premium Pricing

At $1571/sqft, this property is priced above the Willowdale 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 20 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 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.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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 Willowdale. Good resale value as demand remains consistent.

Investment Perspective

Looking at this as an investment: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    254 Patricia Avenue, Thornhil… — $1,099,999 | Battaglia Team