$1,875,000 - 36 Ovida Avenue, Etobicoke
Detached for Sale in Etobicoke
85 days on market- MLS Number
- W12917996
- Property Type
- Detached
- Status
- active
- Days on Site
- 85
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Welcome to this well-kept, classic red brick detached home set on a generous lot in one of Etobicoke's most desirable pockets, surrounded by multi-million dollar properties. A rare opportunity to step into a top-tier neighbourhood and make it your own! This 4-bedroom home offers a practical layout with parquet flooring carried throughout, adding warmth and character. The primary bedroom features a 4-piece ensuite and walk-in closet, while the second bedroom walks out to a private balcony. A skylight from the second floor pours natural light all the way down through the main foyer, creating a bright and inviting feel the moment you walk in. The main floor includes a combined living and dining space with large bay / picture windows, and a kitchen centred around an island with built-in cooktop, separate oven, and walk-out to the deck and backyard. The family room is a standout, anchored by a beautiful fireplace and overlooking a treed, private backyard, an ideal setting to unwind from a busy day or entertain family and friends! Downstairs, you'll find three bachelor-style units, each with its own kitchenette, currently generating approximately $3,850/month. N11s have been signed, with vacant possession available June 30th. Tenants are willing to stay or vacate. Please allow 72 hours' notice for rental basement showings. 36 Ovida is also conveniently located near excellent schools including Richview Collegiate Institute and Father Serra Catholic School, along with parks like Cloverdale Park, Greenfield Park, James Gardens and more! Easy access to Highway 401, Highway 427, and Toronto Pearson International Airport. This is truly a solid home in a location that continues to hold strong value. Move in, renovate, or invest, the choice is yours! Welcome home :)
Estimate your monthly payments for this property
Estimated Payment
$8,293.76/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 Etobicoke (Islington / Rexdale)
Etobicoke (Islington / Rexdale) 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 Etobicoke (Islington / Rexdale)
- •Convenient location in Etobicoke (Islington / Rexdale)
- •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
Etobicoke (Islington / Rexdale) 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.
36 Ovida Avenue, Etobicoke (Islington / Rexdale)
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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 $750/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.
Negotiation Opportunity
At 85 days on site, this property has exceeded the typical selling timeline for Etobicoke. 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 Etobicoke 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.
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 Etobicoke.
Bathroom Count Matters
With 5 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: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,813 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.