$1,248,000 - 73 Hocken Avenue, Yorkville
Detached for Sale in Yorkville
42 days on market- MLS Number
- C13083428
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Location. Opportunity. Execution.Welcome to 73 Hocken Avenue - a rare, fully prepped, shovel-ready development opportunity in the heart of Wychwood, one of Toronto's most desirable and community-focused neighbourhoods.Set on a quiet, tree-lined street, this property is being offered with approved plans and permits already in place, eliminating months of design, approvals, and carrying costs - allowing you to move forward immediately with confidence and certainty.Two exceptional development pathways:Build a thoughtfully designed 3-unit multi-residential property featuring a functional mix of a 1+1 bedroom, 2-bedroom, and 3-bedroom layout - ideal for generating strong rental income, multi-generational living, or long-term investment in a high-demand location.Or create a stunning ~3,300 sq.ft. 3-storey custom detached home with 4 bedrooms, 5 bathrooms, 10' ceilings, expansive principal rooms, and multiple outdoor spaces. The design also allows for the potential addition of a 2-car garage with laneway suite, offering flexibility for extended family, guest use, or additional income potential.This rare offering provides true versatility for builders, investors, and end-users alike - whether your goal is to build and sell, build and hold, or create a fully customized dream home, the groundwork has already been completed.Enjoy the best of Wychwood living - steps to Wychwood Barns, parks, top-rated schools, cafés, restaurants, transit, Loblaws, and everyday amenities, all while being minutes to the downtown core.Property being sold in "as is, where is" condition.Rarely does a property come to market with this level of preparation, flexibility, and upside - build immediately and capitalize on the opportunity. *Property is SOLD AS IS*
Estimate your monthly payments for this property
Estimated Payment
$5,520.32/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.
73 Hocken Avenue, Annex / Yorkville / Summerhill
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Rental income estimator & ROI calculator
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 $416/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.
Market Position
At 42 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 Yorkville 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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,200 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.