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Listed 5 months ago

216 Shaver Avenue N

Islington-City Centre West, Toronto

$1,688,800

Detached|Bungalow
2 | 2 | 2
About this home

This premium corner lot offers a rare, shovel-ready opportunity to build a sophisticated custom residence in the heart of one of Etobicoke's most prestigious neighborhoods. Boasting an impressive 50-foot frontage and a depth of 142.41 feet, this property comes with fully approved permits, allowing you to bypass years of architectural red tape and avoid the lengthy wait times associated with city approvals. You can break ground immediately on this two-storey masterpiece, which begins with a striking open-to-above foyer. The main floor is designed with separate living, dining, and family rooms, providing a perfect balance of formal elegance and daily comfort. At the heart of the home is a chef-inspired kitchen featuring a massive center island, a dedicated large pantry, and a sun-filled breakfast area that flows directly onto a private verandah.Upstairs, the residence transforms into a true sanctuary. The expansive primary suite is a masterclass in luxury, boasting a private bonus sitting area, a sprawling walk-in closet, and a spa-like ensuite. Every family member enjoys total privacy, as each of the three additional generous bedrooms on the second floor comes equipped with its own dedicated ensuite bathroom. The lower level adds immense functional scale, featuring a total of two full bathrooms, a large recreation zone, a dedicated exercise room, and a fifth bedroom with its own ensuite. Rare dual access via a backyard walk-up entrance and internal stairs provides seamless potential for an in-law suite or private home office.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,452
Lot Size50 ft x 142.41 ft
mls© NumberW12905868
Listed ByRE/MAX REAL ESTATE CENTRE INC.

Listing History

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  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,644
Property tax
$454
Heat allowance
$150
Housing costs
$9,248 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $337,760
25-yr amortization

Income needed

$285,000

gross annual household income

Payment at 4%
$7,107 / mo
Cash down
$337,760

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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