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Price Change$2,499,000

40 Morningside Avenue

High Park-Swansea, Toronto

$2,599,000

Detached|3-Storey
4 | 5 | 3
About this home

Welcome to 40 Morningside Avenue, a rare newly-built legal duplex offering just under 2,800 sq. ft. of sophisticated living space in a premier Toronto location. The airy main level impresses with soaring 10 ft. ceilings and an expansive open-concept layout that flows beautifully for entertaining, complemented by a cozy gas fireplace in the family room and the convenience of direct interior access to the garage. The home's crown jewel is the spectacular third-floor primary suite, a dedicated private sanctuary featuring a south-facing balcony with breathtaking views of the surrounding greenery. This property offers incredible versatility through its legal basement apartment, which feels like a primary living space thanks to tons of natural light, a full kitchen, and its own separate HVAC equipment. This lower level serves as a high-potential income generator, a suite for a stay-in nanny, or a professional home office, yet it can be easily integrated back into the main home by opening the drywall across from the garage door. Perfectly situated for the active urbanite, you are a mere stone's throw from the 400-acre oasis of High Park and within easy walking distance of the Bloor subway line, offering the perfect balance of nature and transit accessibility. This is a rare opportunity to own a modern, high-ceilinged masterpiece with flexible living options in a location that is truly second to none.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style3-Storey
Approx. AgeNew
Size2000-2500 sq. ft.
Property Tax---
Lot Size25 ft x 90 ft
mls© NumberW13026412
Listed BySIXROOFS REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$13,303
Property tax (estimated)
$0
Heat allowance
$150
Housing costs
$13,453 / mo

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

Down payment20% · $519,800
25-yr amortization

Income needed

$414,000

gross annual household income

Payment at 4%
$10,937 / mo
Cash down
$519,800

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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