$7,700,000 - 89 Kingsway Crescent, Etobicoke
Detached for Sale in Etobicoke
130 days on market- MLS Number
- W12717146
- Property Type
- Detached
- Status
- active
- Days on Site
- 130
- Bedrooms
- 5
- Bathrooms
- 8
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Discover a gem, custom-built as a multi-generational home, offering over 11,000 sq ft of luxurious living space on a rare 125ft double lot at the edge of the Humber Valley in the tree-lined Kingsway neighbourhood. This residence is a statement of contemporary elegance and sophistication, perfect for the discerning family.Inside, experience clean lines and exquisite details that enhance comfortable luxury living, including sound-isolated suites, Jatoba hardwood floors, stunning Persian serpentinite kitchen countertops, and heated stone floors for ultimate comfort.Accessibility is a key feature, with snow melt for the front porch, steps, ramp and driveway, a commercial 4x6 ft elevator, and 4 ft wide hallways to ensure effortless movement throughout the residence.The ground floor features a bright, open-plan living area that seamlessly integrates the chefs kitchen, dining, and living spaces, extending to a partially covered upper deck with a 17ft wide opening. A heated 3-car garage is cleverly positioned at the side of the house.The primary retreat is where luxury meets tranquility, featuring two generous walk-in closets and two ensuites one complete with a massage room and whirlpool tub offering tree-top views. Two additional spacious bedrooms, each with walk-in closets, share a thoughtfully designed bathroom suite with dual sinks, ample storage, and a separate area for added privacy. The oversized fourth bedroom also includes its own ensuite bathroom and walk-in closet, providing comfort and convenience for family or guests.The ground floor bedroom suite with a Juliet balcony offers a perfect retreat for guests.Venture to the finished lower level, where 10+ ft ceilings create a light and airy ambiance.This expansive space features a wide sliding door leading to the lower deck, ideal for entertaining.With multiple entertainment areas, including a stepped home theatre and sprawling park-like backyard, this home is designed for those who appreciate spacious comfort.
Estimate your monthly payments for this property
Estimated Payment
$34,059.70/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.
89 Kingsway Crescent, 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 $1540/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.
Negotiation Opportunity
At 130 days on site, this property has exceeded the typical selling timeline for Etobicoke. 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 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.
Larger Home Realities
At 5,000 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.
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.
Bathroom Count Matters
With 8 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.