$1,498,000 - 53 Burrows Avenue, Etobicoke
Detached for Sale in Etobicoke
New — Listed 2 days ago- MLS Number
- W13235726
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- Initia Real Estate
Welcome to 53 Burrows Ave, a beautifully updated bungalow situated on a rare 65-foot premium lot in one of Etobicoke's most sought-after neighbourhoods.The property sits amongst custom built homes, surrounded by multi-million-dollar residences, offering a rare opportunity for families, investors, and builders alike. The main floor features 3 spacious bedrooms, a bright open-concept layout, new flooring throughout, and an upgraded kitchen with stainless steel appliances, granite countertops, and plenty of cabinet space. The L-shaped living and dining rooms provide a practical, comfortable flow, while large windows bring in an abundance of natural light. Oversize sliding doors open to a large walkout deck overlooking a private, lush backyard with mature trees-perfect for outdoor relaxation, kids, or entertaining. The finished basement offers a separate entrance, 2 large bedrooms, a spacious recreation room, and a full 4-piece bathroom, adding excellent flexibility for extended family, guests, or future income potential. One of the few remaining 65-foot-wide lots in the area, this property stands out for its size, setting, and long-term upside. It offers potential for severance and redevelopment into two single-family homes, subject to city approval. Located on a quiet, family-friendly street with sidewalks on both sides, the home is close to highly regarded schools, a TTC bus stop just a 2-minute walk away, and quick access to the subway. Commuting is easy with nearby access to Highways 401, 427, and 400, as well as The Queensway, Lake Shore Boulevard, and Pearson Airport. Enjoy nearby green space including a creek with walking and cycling trails, and a golf course just across the street. A rare combination of location, lot size, and future potential makes this a standout opportunity in a rapidly changing neighborhood. Properties like this are in high demand and seldom come available-this is one you do not want to miss.
Estimate your monthly payments for this property
Estimated Payment
$6,626.16/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.
53 Burrows 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
Premium Pricing
At $2140/sqft, this property is priced above the Etobicoke 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 Etobicoke'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 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 Etobicoke.
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 $6,242 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.