$3,988,000 - 505 Soudan Avenue, Leaside
Detached for Sale in Leaside
62 days on market- MLS Number
- C13001524
- Property Type
- Detached
- Status
- active
- Days on Site
- 62
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Leaside / Davisville
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Experience luxury living in this brand-new, two-story home on a 150-foot-deep lot in the prestigious Mount Pleasant East area!Unparalleled luxury finishes throughout. Living/Dining features a gas fireplace w/ burled walnut wood. Office w/ built-inmillwork & glass door, European chevron white oak flooring throughout the main floor. Enjoy an exceptional layout w/ achef-inspired dream kitchen w/ an Italian porcelain countertop(Antolini). Large family room features 11 ft ceiling, Gasfireplace, fully customized built-in wall unit w/ white oak rift cut, completed w/ porcelain and solid brass hardware. ThePrimary bedroom w/ 10 ft ceiling retreat features a luxurious 5-piece heated ensuite and boutique-style his/her walk-in closet.Walk-out basement features heated floor, Wine display w/ over 200 bottles capacity, Bar w/ granite countertop, Fully customfabricated w/ mini fridge, Gas fireplace finished w/ Italian porcelain. Heated floor in the foyer and powder room. E.V charger.
Estimate your monthly payments for this property
Estimated Payment
$17,640.27/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 Leaside / Davisville
Leaside / Davisville 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 Leaside / Davisville
- •Convenient location in Leaside / Davisville
- •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
Leaside / Davisville 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.
505 Soudan Avenue, Leaside / Davisville
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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 $1595/sqft, this property is priced above the Leaside 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.
Negotiation Opportunity
At 62 days on site, this property has exceeded the typical selling timeline for Leaside. 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 Leaside 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 Leaside.
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: Leaside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $16,617 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.