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58 JOANITH DRIVE, Toronto (O'Connor-Parkview) — listed at $1,125,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Welcome to 58 Joanith Road, a turnkey legal two-unit dwelling in the heart of East York's growing community. Thoughtfully renovated with PERMITS and designed for both style and functionality, this charming bungalow offers an exceptional opportunity for homeowners, multi-generational families, and investors alike. Step inside to discover a bright, open-concept interior that makes excellent use of every square foot. The main floor features impressive 10-foot ceilings, while the underpinned basement offers comfortable 8-foot ceilings. Nearly every major component of the home has been updated, including the 200-amp electrical service, HVAC systems, ductwork, roof, plumbing, and more. Additional improvements include a new 1-inch extended water line to the backyard-ideal for a future GARDEN SUITE -along with a sump pump, backflow valve, and interior waterproofing backed by a 25-year warranty. The legal two-unit dwelling provides excellent income potential, whether you choose to live in one unit and rent the other or maximize the property's rental possibilities. Outside, enjoy two-car parking and a spacious backyard enclosed by a new fence. Located in a sought-after and rapidly growing East York neighbourhood, this move-in-ready property offers the perfect blend of modern upgrades, versatile living space, and future potential. Convenient location close to shopping, schools, public transportation, and major highways. The property is ideally situated near top-rated schools, Taylor Creek Park and its scenic trails, Stan Wadlow Park with year-round recreational opportunities, Michael Garron Hospital, and convenient TTC access. With quick connections to the Don Valley Parkway, you're also just minutes from downtown Toronto and all the wonders of Lake Ontario/Beaches. No need to get your hands dirty-this exceptional turnkey home is ready to go. A must-see! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Flat | 5.99 x 3.62 meters |
| Bedroom | Basement | 4.11 x 2.63 meters |
| Dining room | Flat | 5.99 x 3.62 meters |
| Kitchen | Flat | 5.99 x 3.62 meters |
| Den | Flat | 2.1 x 2.3 meters |
| Primary Bedroom | Flat | 2.97 x 4.26 meters |
| Bedroom 2 | Flat | 2.91 x 3.12 meters |
| Living room | Basement | 5.79 x 3.77 meters |
| Dining room | Basement | 5.79 x 3.77 meters |
| Kitchen | Basement | 5.79 x 3.77 meters |
| Bedroom | Basement | 3.21 x 3.04 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,235.56, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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.
Is 58 JOANITH DRIVE a good fit for a growing family?+
With 4 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Separate entrance, Walk-up, N/A, N/A, 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 (O'Connor-Parkview) before counting on it.
What makes this a luxury property?+
At $1,125,000, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
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