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42 RYKERT CRESCENT, Toronto (Leaside) — listed at $4,949,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to 42 Rykert Crescent, an exceptional opportunity in prestigious South Leaside, set on an extraordinarily rare 40 x 350+ ft. deep ravine lot a remarkable setting - offering privacy, mature trees and a true retreat in the city. This impressive 5-bedroom, 5-bathroom residence offers approximately 3,390 sq. ft. above grade plus 1,648 sq. ft. of finished lower-level space, thoughtfully designed for both everyday family living and large-scale entertaining. The heart of the home is the newly renovated, oversized chef's kitchen, featuring two large islands, granite countertops, an expansive pantry, top-of-the-line appliances and extensive custom cabinetry and built-ins. The generous principal rooms include an elegant dining room, spacious living room with fireplace and built-ins, breakfast area and private main-floor office. Upstairs, the expansive primary retreat features a walk-in closet and luxurious 6-piece ensuite, complemented by four additional bedrooms and beautifully renovated bathrooms. The newly finished lower level extends the living space with a large recreation room with fireplace and built-ins, a gym and additional bedroom. Outside, enjoy the incredible depth and privacy of this ravine property, along with a rare and exceptional offering for Leaside: a two-car garage and parking for up to six vehicles. Additional features include extensive custom built-ins, hardwood flooring, central air and a security system with cameras. A truly rare Leaside offering combining a spectacular ravine lot, substantial family home, extensive renovations and exceptional entertaining space - just minutes from everything that makes Leaside one of Toronto's most sought-after neighborhoods. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Office | Main level | 3.59 x 3.19 meters |
| Recreational, Games room | Lower level | 4.83 x 6.94 meters |
| Exercise room | Lower level | 3.88 x 3.02 meters |
| Bedroom | Lower level | 4.34 x 3.68 meters |
| Living room | Main level | 5.26 x 5.32 meters |
| Dining room | Main level | 3.56 x 6.04 meters |
| Kitchen | Main level | 3.59 x 7.87 meters |
| Eating area | Main level | 3.59 x 3.01 meters |
| Primary Bedroom | Second level | 5.3 x 5.76 meters |
| Bedroom 2 | Second level | 3.57 x 3.28 meters |
| Bedroom 3 | Second level | 3.57 x 3.2 meters |
| Bedroom 4 | Second level | 5.58 x 4.13 meters |
| Bedroom 5 | Second level | 3.54 x 5.98 meters |
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, Walk out, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Leaside) before counting on it.
What makes this a luxury property?+
At $4,949,000, standout features include 5 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $18,108.54, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the space laid out across floors?+
This is a 2-storey single family. The 6 bedrooms and 5 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
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