$849,000 - 266 1/2 Euclid Avenue, Downtown Toronto
Townhouse for Sale in Downtown Toronto
42 days on market- MLS Number
- C13097960
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Welcome to 266 1/2 Euclid Avenue, set on one of the most coveted and tree-lined streets in Trinity Bellwoods. Just steps to the neighbourhood's best restaurants, coffee shops, and one of Toronto's most iconic parks. This Victorian home offers an incredible opportunity in an unbeatable location. While the property is in need of restoration and renovation, its high ceilings, original character, and spacious rooms provide a remarkable canvas with tremendous potential. 8 Foot attic lends itself to a third floor addition. The home is also conveniently located near excellent public schools, Trinity Bellwoods Park, Kensington Market, Chinatown, the University of Toronto campus, and the lakeshore. With 24-hour Queen streetcar service just moments away, commuting across the city is effortless. Whether you are captivated by the area's vibrant culture, its peaceful tree-lined setting, or the transformative possibilities of the home itself, this property presents a truly rare offering in one of Toronto's most sought-after enclaves. More features include a cement-block garage accessible via a wide laneway. Recent outdoor updates include the removal of a cracked section of concrete in the backyard, replaced with 3/4 clear gravel, along with the installation of wire mesh and a waterproof membrane along the perimeter to help protect the basement. The garage has undergone significant improvements as well, The roof has been fully redone with new protector board, base, cap 250, and plywood, and the garage now features a brand-new insulated black automatic steel door measuring 10'2" x 8', complete with a solid top section, LiftMaster operator, and transmitter. This is an exceptional opportunity to restore and reimagine a classic Victorian residence in one of the city's most cherished neighbourhoods. House is being sold in "as is" where is" condition
Estimate your monthly payments for this property
Estimated Payment
$4,355.81/mo
Includes CMHC insurance ($23,687)
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.
266 1/2 Euclid Avenue, 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
Competitive Pricing
At $772/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 42 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
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.
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 $3,538 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.