$1,524,900 - 7 Ellsworth Avenue, Yorkville
Multi-Family for Sale in Yorkville
76 days on market- MLS Number
- C12925954
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 76
- Bedrooms
- 8
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Set on a rare 40-foot wide lot in the highly sought-after Wychwood neighbourhood, 7/7A Ellsworth Avenue presents a solid-brick triplex offering exceptional flexibility and long-term value. With over 2,300 sq. ft. above grade, this property is comprised of three independent units, each equipped with private ensuite laundry. The upper residence offers three bedrooms plus a spacious den complete with a window and closet-well suited for a fourth bedroom, studio, or home office. The main-level unit features three well-proportioned bedrooms and a bright, comfortable living space ideal for everyday living. The lower suite, accessed through its own private entrance, includes two bedrooms and provides excellent income potential or an ideal setup for extended family. Recent capital improvements include new windows throughout most of the home, a metal roof designed for lasting durability, upgraded fiber glass entry doors, and three exterior storage sheds. Whether you're seeking a smart income property, a live-and-rent opportunity, or the chance to reimagine the space as a single-family home, this property delivers versatility in one of Toronto's most desirable communities. Just moments from Wychwood Barns, St. Clair West, TTC transit, cafes, shops, Hillcrest School, and the vibrant character that defines the area.
Estimate your monthly payments for this property
Estimated Payment
$6,745.15/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 Annex / Yorkville / Summerhill
Annex / Yorkville / Summerhill 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 Annex / Yorkville / Summerhill
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex / Yorkville / Summerhill 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.
7 Ellsworth Avenue, Annex / Yorkville / Summerhill
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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
Competitive Pricing
At $762/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 76 days on site, this property has exceeded the typical selling timeline for Yorkville. 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.
Excellent Flexibility
With 8 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 Yorkville.
Bathroom Count Matters
With 3 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: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,354 (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.