$1,599,000 - 261 Margueretta Street, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
New — Listed yesterday- MLS Number
- C13419080
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- T-ONE GROUP REALTY INC.,
A truly one-of-a-kind, rarely offered semi-detached home with private parking for 2 cars, extensively rebuilt with exceptional attention to detail. Top-to-bottom renovation with new electrical, plumbing, most beams replaced, window, doors, flooring etc. Feature a stunning designer kitchen which showcases an impressive 10-foot HanStone quartz island with abundant storage on both sides and seating for up to 6 comfortably, premium Blum cabinetry, and a curated collection of luxury appliances, including a Fisher & Paykel built-in refrigerator and double drawer dishwasher, as well as a SMEG gas cooktop and oven. Imported Italian terrazzo tile adds a sophisticated touch to both the foyer and rear entrance. Thoughtfully designed with a modern minimalist aesthetic, all interior doors feature trimless reveal frames and imported white designer door handles from Australia, creating clean lines and a seamless, architecturally refined look throughout the home. A skylight above the staircase floods the interior with natural light, enhancing the home's bright and airy atmosphere. Exterior improvements are equally impressive, featuring new sod in the front yard and a beautifully landscaped backyard complete with heavy-duty concrete slabs. Additional upgrades include A/C system, roof, and eavestroughs, making this a rare turnkey opportunity that seamlessly combines quality craftsmanship, structural integrity, and sophisticated design. A true turnkey home where virtually every major system and structural component has been thoughtfully upgraded and rebuilt. Only a 5-minute walk to the Emerson entrance of Lansdowne Station and some of Toronto's most popular restaurants just steps away.
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
261 Margueretta Street, Downtown Toronto / Waterfront
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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 $1454/sqft, this property is priced above the Downtown Toronto 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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Downtown Toronto 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.