$2,198,000 - 5 Lukow Terrace, High Park
Semi-Detached for Sale in High Park
45 days on market- MLS Number
- W13078514
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 45
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Discover luxury on Lukow with this stunning, turnkey extra-wide semi that feels more like a New York City brownstone than a traditional home. Sun-filled and thoughtfully designed, this residence blends high-end finishes with effortless functionality, creating a space that is both sophisticated and welcoming. Featuring 4 + 1 bedrooms and 4 beautifully appointed bathrooms, this home offers generous space for modern living. The expansive main level boasts bright, open-concept living with oversized windows, refined details, and exceptional flow-perfect for both everyday comfort and elevated entertaining. The chef-inspired kitchen includes premium appliances and ample storage, seamlessly connecting to the main-floor terrace with an awning, ideal for shaded outdoor dining and relaxation. Upstairs, spacious bedrooms provide comfort for the whole family, with the primary retreat on the third floor serving as a true sanctuary. Enjoy a spa-like ensuite, walk-in closet, and a private terrace with beautiful city views, bringing a touch of urban luxury to your everyday life. The finished basement with a separate entrance adds incredible versatility-perfect for a guest suite, home office, rental opportunity, or multi-generational living. A spacious garage provides sought-after storage and convenience rarely found in the area. With convenient access to Roncesvalles' beloved parks, vibrant shops, cafés, and the bustling local market, this home offers an exceptional blend of urban charm and community convenience. Move-in ready and impeccably maintained, it delivers the elegance and presence of an upscale NYC brownstone, right in the heart of the neighbourhood. Offers anytime-your chance to own a truly exceptional home awaits.
Estimate your monthly payments for this property
Estimated Payment
$9,722.50/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 High Park / Junction / Roncesvalles
High Park / Junction / Roncesvalles 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 High Park / Junction / Roncesvalles
- •Convenient location in High Park / Junction / Roncesvalles
- •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
High Park / Junction / Roncesvalles 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.
5 Lukow Terrace, High Park / Junction / Roncesvalles
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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
Fair Market Value
At $1099/sqft, this property is priced in line with current High Park market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 45 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 High Park 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 5 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 High Park.
Bathroom Count Matters
With 4 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: High Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.