Backs onto Rennie Park with a legal basement suite

Property details for 246 Ellis Avenue, Toronto

Type: Residential
Bedrooms: 5
Bathrooms: 4
Lot Size: 33 x 130 FT
Stories: 2
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Parking: Attached Garage, Garage
Heating: Radiant heat, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $7,512

This 2-storey brick house sits on a 33 x 130 ft lot right against Rennie Park, so your rear yard is nothing but green space. No neighbours behind you. The main floor has a big living room, dining room, and eating area with picture windows that basically frame the park. Kitchen was renovated with stainless steel appliances and a gas stove. Step out to a wood deck from the eating area, and in the backyard there's a custom wood-burning oven for outdoor cooking. Upstairs you get three bedrooms, including a primary that's likely got park views. The lower level is set up as a separate apartment with heated concrete floors, two bedrooms, two baths, and its own laundry. Could easily be a rental or in-law suite, but if you want a single-family home again, the seller is open to reconnecting the interior stairway. There's also a finished attic for extra storage or a playroom. Detached garage plus two driveway spaces means three parking spots total, which is hard to find around here. Location-wise, you're 0.7 km to High Park, about 1.5 km to the Sunnyside Pavilion, and a short walk to Bloor West Village shops and transit. Taxes run about $7,511 annually. Priced at $1,899,000, it's below the area's median of $2,049,000, but the market's a bit slow right now, with only one sale in the last month. That said, the investment score is high, and the lot shape plus park access gives you rare flexibility.

About 246 Ellis Avenue, Toronto — Property Score

Strong Investment

Score: 66/100

Value

Priced 5.5% above area median of $1,799,999 based on 736 comparable properties nearby 62

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

4 bathrooms - 1 more than similarly priced properties nearby 72

4,290 sqft lot - a standard lot for the area 65

Location

$58K median household income - below the Canadian average of $70K 59

89% of residents hold postsecondary credentials - a highly educated neighbourhood 95

19% homeownership rate - a renter-majority neighbourhood 43

35% of residents commute under 30 minutes - longer average commute times 58

3,262/km² population density - a well-balanced suburban area 97

Market

Just listed - area average is 58 days on market 100

-99.1% median price change over 1 month - declining prices in the area 1

37.5 months of housing supply - 2961 active listings with 79 sold last month (buyer's market) 40

Features

3-car garage - area average is 4.2 spots 80

Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A basement - adds valuable living space 85

premium radiant heating system 85

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.4% effective tax rate ($7,511/yr) - very low tax burden 88

82% renter population - strong rental demand in this area 100

Quality

Condition

Listing

35 photos provided - below the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.