49 Wheeler Avenue, Toronto E02

Price: $1,849,000

3 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: E13432082

This is your Beaches life. Living at the water's edge, surrounded by community and connected to everything that makes this neighbourhood special. You've already felt the pull, so let's skip the neighbourhood pitch and get right to the home. A classic Beaches charmer thoughtfully reimagined with modern comfort, style, and functionality. Beautiful from the curb and even better inside, this home welcomes you with a generous mudroom and foyer featuring heated floors, double closets, and a glass ceiling that fills the space with natural light. Sightlines draw you straight through to the backyard and the sun-drenched rear living space. The front living room blends character and comfort with an original fireplace, rich hardwood floors, and custom built-ins. The dining room is framed by elegant wainscotting and an exposed staircase that sets the tone. And yes-that is Biggie Smalls in the wallpaper. We aren't afraid to have a little fun here. The galley kitchen is sharp and highly functional, featuring a peninsula, quality appliances, ample counter space, and storage for days. B.I.G. would approve. At the rear, the family room is where you'll want to spend your time. Glass ceilings place you beneath the treetops while oversized windows create a seamless connection to the composite deck and beautifully landscaped yard, blurring the line between indoors and out. The second floor offers two inviting bedrooms and a spa-inspired bathroom with double sinks, heated floors, a custom shower, soaker tub, and wall-mounted toilet. Then comes the third floor-a true standout. The king-sized primary retreat features rooftop views, exceptional storage, and executive-level finishes, with room to add a walk-in closet and third bathroom if desired. The finished lower level adds even more versatility with a recreation room, stylish full bathroom, laundry, storage, and a separate entrance. This home offers space, character, and thoughtful upgrades at every turn. **parking disclosure.

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active
New Listing
1/50

$1,849,000 - 49 Wheeler Avenue, The Beaches

Detached for Sale in The Beaches

New — Listed 2 days ago
3Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
E13432082
Property Type
Detached
Status
active
Days on Site
2
Bedrooms
3
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
The Beaches / Upper Beaches
Listing Brokerage
RE/MAX REALTY SPECIALISTS INC.
Description

This is your Beaches life. Living at the water's edge, surrounded by community and connected to everything that makes this neighbourhood special. You've already felt the pull, so let's skip the neighbourhood pitch and get right to the home. A classic Beaches charmer thoughtfully reimagined with modern comfort, style, and functionality. Beautiful from the curb and even better inside, this home welcomes you with a generous mudroom and foyer featuring heated floors, double closets, and a glass ceiling that fills the space with natural light. Sightlines draw you straight through to the backyard and the sun-drenched rear living space. The front living room blends character and comfort with an original fireplace, rich hardwood floors, and custom built-ins. The dining room is framed by elegant wainscotting and an exposed staircase that sets the tone. And yes-that is Biggie Smalls in the wallpaper. We aren't afraid to have a little fun here. The galley kitchen is sharp and highly functional, featuring a peninsula, quality appliances, ample counter space, and storage for days. B.I.G. would approve. At the rear, the family room is where you'll want to spend your time. Glass ceilings place you beneath the treetops while oversized windows create a seamless connection to the composite deck and beautifully landscaped yard, blurring the line between indoors and out. The second floor offers two inviting bedrooms and a spa-inspired bathroom with double sinks, heated floors, a custom shower, soaker tub, and wall-mounted toilet. Then comes the third floor-a true standout. The king-sized primary retreat features rooftop views, exceptional storage, and executive-level finishes, with room to add a walk-in closet and third bathroom if desired. The finished lower level adds even more versatility with a recreation room, stylish full bathroom, laundry, storage, and a separate entrance. This home offers space, character, and thoughtful upgrades at every turn. **parking disclosure.

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Estimated Payment

$8,178.75/mo

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5-yr fixed avg.

Principal: $1,479,200Interest: $974,425
Mortgage Amount$1,479,200
Total Interest$974,425
Est. Property Tax$1,310/mo
Total Cost$2,453,625

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.

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Neighbourhood Guide: The Beaches / Upper Beaches

Discover The Beaches / Upper Beaches

The Beaches / Upper Beaches 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 The Beaches / Upper Beaches

  • Convenient location in The Beaches / Upper Beaches
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

The Beaches / Upper Beaches 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.

70
Walk Score
Varies
Price Range

49 Wheeler Avenue, The Beaches / Upper Beaches

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
0.7%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$1,310
Insurance (est.)-$385
Net Cash Flow+$1,105

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1233/sqft, this property is priced above the The Beaches 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 The Beaches'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 The Beaches 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.

Investment Perspective

Looking at this as an investment: The Beaches properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,704 (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.

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