185 Steeles Avenue, Toronto, ON
GTA Transit & Commute from this Address
Realistic rush-hour travel times from 185 Steeles Avenue
TTC Subway & GO Transit network: 10–25 min to Financial Core
Gardiner, DVP & 401: 5–12 min drive
Billy Bishop (YTZ): 10–15 min | Pearson (YYZ): 25 min
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Newtonbrook East. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $1,588,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 67 x 120.75 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- Ample parking with 1.0 garage spaces (8.0 total parking spaces) with a convenient detached configuration
- Notable attributes: Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
**Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East!** Attention Investors, Builders & Developers! Unlock the incredible potential of this expansive **67 x 120.75 Ft Lot** with excellent exposure on Steeles Avenue in a highly desirable Toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**Outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the City of Toronto.50 foot lot has been granted same recently on Steeles Ave E. An excellent opportunity to explore **CMHC financing programs**, including MLI Select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**Invest Today, Generate Income Tomorrow & Build for the Future!** Whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in Toronto, this property offers tremendous long-term potential. **Rare Opportunity to Acquire a Large Income-Producing Lot with Significant Redevelopment Upside!***Buyer and Buyer's Agent to conduct their own due diligence regarding zoning, permitted uses, development potential, All development concepts are subject to City of Toronto approval.*
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Property Summary
This detached home located at 185 Steeles Avenue, Toronto is currently for sale and has been available for 4 days. This property is listed at $1,588,000 with an estimated mortgage of $5,286* per month. It has 6 beds, 5 bathrooms, and is 1500-2000 square feet. 185 Steeles Avenue, Toronto is in the Newtonbrook East neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Newtonbrook East, Toronto.
- •6 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Newtonbrook East, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Storage
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Toronto?
If you are looking for a house in Toronto or researching Toronto real estate for sale, this 6-bedroom detached at 185 Steeles Avenue, Toronto, ON offers an exceptional opportunity to buy a home in Toronto, Ontario. Whether you are a first-time Toronto home buyer or comparing active Toronto MLS® homes for sale, working with a dedicated Toronto buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Toronto realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Toronto Buyer Budget & Costs
Estimated mortgage: $5,286*/month*. Estimated Ontario Land Transfer Tax: $56,470. First-time Toronto home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Toronto
Frequently Asked Questions about 185 Steeles Avenue, Toronto, ON
Q.What is the asking price for 185 Steeles Avenue, Toronto, ON ?
The current listing price for 185 Steeles Avenue, Toronto, ON in Newtonbrook East, Toronto is $1,588,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 5 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 185 Steeles Avenue, Toronto, ON ?
185 Steeles Avenue, Toronto, ON is a Detached (1 1/2 Storey) featuring a Finished, Separate Entrance basement.
Q.What interior features are included in this home?
Interior highlights include: Storage.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Newtonbrook East, Toronto
105 assaults (577.4/100k)
35 B&E (192.5/100k)
61 thefts (335.5/100k)
Stable vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 185 Steeles Avenue E, Toronto, ON M2M 3Y6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,588,000 in Toronto, the legal minimum down payment is $317,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $28,235 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $28,235 also applies, bringing the total estimated land transfer taxes to $56,470.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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