$6,660,000 - 324 Old Yonge Street, Bridle Path
Detached for Sale in Bridle Path
31 days on market- MLS Number
- C13141036
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 7
- Bathrooms
- 7
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Bridle Path / York Mills / Hoggs Hollow
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Rare Opportunity On Prestigious Old Yonge Street! Situated On An Exceptional Premium Lot 173 x 205 Ft, This Heritage Designated Estate Offers Incredible Potential For Builders, Renovators, Investors Or End Users Looking To Restore And Customize A Landmark Property In One Of Toronto's Most Desirable Neighbourhoods.Designed By The Prominent Architectural Firm Of Allward & Guinlock, This Rare Georgian Revival Style Estate Is One Of The Few Surviving Estate Properties On Old Yonge Street. Rich In Architectural Character & Timeless Elegance, The Property Presents A Truly Unique Opportunity To Preserve & Reimagine A Significant Toronto Residence.Spanning Three Storeys, The Residence Features 7 Generously Sized Bedrooms, All With Ensuite Bathrooms, Including Four Bedrooms On The Second Floor With A Sitting Area, Two Bedrooms On The Third Floor, And A Main Floor Bedroom Ideal For Guests Or Multigenerational Living.Thoughtfully Designed For Comfort & Convenience, The Home Also Features A Main Floor Library, Two Laundry Rooms On The Second & Third Floors, A Walk-Up Basement Offering Flexible Living & Storage Space, Circular Driveway & A Rare 3-Car Coach House With A Self-Contained Upper-Level Apartment, Providing Exceptional Versatility For Extended Family, Guest Accommodations Or Future Lifestyle Needs.Surrounded By Mature Trees & Estate Properties, This Exceptional Offering Is Ideally Located Steps To Top-Ranked Public & Private Schools Including Crescent School, Bayview Glen, TFS & Havergal College, As Well As Parks, Golf Clubs, York Mills Subway Station & Quick Access To Highway 401.A Rare Opportunity To Restore, Renovate Or Create Your Own Landmark Urban Estate In A Truly Premier Toronto Enclave. Property Being Sold In "As Is, Where Is" Condition.
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Estimated Payment
$29,459.43/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 Bridle Path / York Mills / Hoggs Hollow
Bridle Path / York Mills / Hoggs Hollow 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 Bridle Path / York Mills / Hoggs Hollow
- •Convenient location in Bridle Path / York Mills / Hoggs Hollow
- •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
Bridle Path / York Mills / Hoggs Hollow 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.
324 Old Yonge Street, Bridle Path / York Mills / Hoggs Hollow
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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 $1332/sqft, this property is priced above the Bridle Path 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 31 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 Bridle Path 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 5,000 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 7 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 Bridle Path.
Bathroom Count Matters
With 7 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.