$2,300,000 - 47 Terrace Avenue, Willowdale
Detached for Sale in Willowdale
Popular Listing- MLS Number
- C13213282
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 7
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Thornhill / Willowdale
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
***Welcome to 47 Terrace Avenue ----- This "STUNNING" custom-designed residence offers a luxurious, approximately 3600Sf(1st/2nd floor) + fully finished walk-out basement as per Mpac(total over 5000Sf living area as per Mpac), seamlessly blending elegance and modern interior for your family's life style, meticulously maintained(SUPER CLEAN & SPARKLING) by its owner. Discover a spacious-grand foyer featuring soaring ceilings and open concept living area (ABUNDANT NATURAL SUN LIGHT) is a showcase of elegance with coffered ceilings and wainscoting, flowing perfectly to a dining room, featuring rich hardwood floors and direct access to the dream kitchen, equipped with all built-in appliance, a centre Island, a breakfast area and a walkout to a private deck perfect for outdoor entertaining. The inviting family room offers a warm stone fireplace, creating a cozy space for relaxation. This main floor office provides a home office space. Upstairs hallway is illuminated by natural light from a skylight. The primary suite is a private retreat with his/hers closets and a luxurious 6-piece ensuite. The additional bedrooms offer own ensuites/semi ensuite and spacious room sizes, featuring rich hardwood floors. The lower levels offers stunning additional space for the family or adult family member place with complete privacy or potential rental income opportunity, providing a formal kitchen with S-S appliance and a walk-up , easy accessible to south exposure-pleasant backyard. Outdoors, enjoy a south exposure/private backyard, with deck and interlocking stone patio, offering an ideal setting for relaxation and entertainment. Close to all amenities, schools, TTC access and premier shopping, libraries, hospital and recreational centre ------- 2KITCHENS WITH 2 SETS OF APPPLIANCES, 2 LAUNDERY ROOMS WITH 2 SETS OF WASHERS/DRYERS -------- SUPER NATURAL BRIGHT & SPARKLING CLEAN CLEAN HOME!!!-------Pls see attached for the Lot Size(Survey and Geowarehouse)
Estimate your monthly payments for this property
Estimated Payment
$10,173.68/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 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
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.
47 Terrace Avenue, Thornhill / Willowdale
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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 $657/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.
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.
Larger Home Realities
At 3,500 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 Willowdale.
Bathroom Count Matters
With 6 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: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.