$1,099,000 - 55 Rhodes Avenue, Leslieville
Detached for Sale in Leslieville
48 days on market- MLS Number
- E13057220
- Property Type
- Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Riverdale / Leslieville
- Listing Brokerage
- ROYAL LEPAGE REALTY PLUS
Set on a quiet, one-way stretch of Rhodes Avenue, this fully updated detached home sits at the sweet spot between Leslieville and The Beach - one of Toronto's most walkable and sought-after neighbourhoods.The home offers exceptional functionality and charm, featuring a rare private front legal parking space and a beautifully designed backyard ideal for both entertaining and everyday living. Backyard includes a private, fully fenced backyard with a stone patio (2017), spacious landscaped lawn and a gas BBQ line.Inside, the thoughtfully updated layout offers 3 bedrooms and a bright, open-concept main floor, fully renovated in 2023. Designed for modern living, the main level also includes a convenient powder room, a rare and valuable feature for homes in the area. Upstairs, the primary bathroom is elevated with heated floors, adding an everyday touch of comfort and luxury. The finished lower level adds exceptional versatility with space for a home office, rec room or fitness space, with ceiling heights not typical for the area. The location speaks for itself. Steps to Greenwood Park, the Beach, and Leslieville's vibrant mix of cafes, restaurants, and boutique shops. Enjoy outstanding walkability and seamless access to transit, making commuting and city living effortless. The Gardiner Expressway, Lake Shore Boulevard, and DVP are all just minutes away for convenient travel beyond the core.Adding to the appeal, the neighbourhood continues to evolve with exciting new developments just steps away including History, Toronto's newest live entertainment venue, and Altea Active Club, expected to arrive in 2028, further enhancing the area's lifestyle offerings. A rare opportunity to own a move-in ready home on one of East Toronto's most charming streets.
Estimate your monthly payments for this property
Estimated Payment
$4,861.25/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 Riverdale / Leslieville
Riverdale / Leslieville 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 Riverdale / Leslieville
- •Convenient location in Riverdale / Leslieville
- •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
Riverdale / Leslieville 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.
55 Rhodes Avenue, Riverdale / Leslieville
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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 $999/sqft, this property is priced in line with current Leslieville 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.
Negotiation Opportunity
At 48 days on site, this property has exceeded the typical selling timeline for Leslieville. 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 Leslieville 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: Leslieville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,579 (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.