Newly-built duplex with third-floor primary suite near High Park

Property details for 40 Morningside Avenue, Toronto

Type: Residential
Bedrooms: 4
Bathrooms: 5
Lot Size: 25 x 90 FT
Stories: 3
Basement: Apartment in basement, Separate entrance, N/A, N/A
Parking: Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Stucco
Ownership: Freehold

This 3-story brick and stucco house is a legal duplex with a separate basement apartment. It's got 4 beds and 5 baths across 2,800 square feet, built recently with poured concrete foundation. The main floor has 10-foot ceilings in an open layout that includes a living room, dining room, kitchen, and family room with a gas fireplace. Up top, the primary suite takes the whole third floor with a south-facing balcony overlooking greenery. Downstairs, the basement apartment has its own entrance, full kitchen, and separate HVAC, making it easy to rent out or use as an in-law suite. You'll find 3 parking spots in the garage, forced air heating, and central AC. It's on a 25 by 90 foot lot with lighting and a sump pump. High Park is just 1 km away, and the Bloor subway line is within walking distance. Priced at $2,499,000, it's a freehold property with recent nearby sales around $2.2 million.

About 40 Morningside Avenue, Toronto — Property Score

Strong Investment Hot Market Great Location

Score: 63/100

Value

Priced 66.6% above area median of $1,499,850 based on 790 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - 1 fewer than similarly priced 5-bedroom homes nearby 48

5 bathrooms - 1 more than similarly priced properties nearby 72

2,250 sqft lot - a compact lot for the area 55

Location

$120K median household income - above the Canadian average of $70K 90

92% of residents hold postsecondary credentials - a highly educated neighbourhood 98

76% homeownership rate - indicating a stable, owner-occupied community 83

31% of residents commute under 30 minutes - longer average commute times 55

8,168/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 46 days on market 100

+62.2% median price change over 1 month - rising prices in the area 100

23.6 months of housing supply - 1982 active listings with 84 sold last month (buyer's market) 40

Features

3-car garage - area average is 4 spots 80

Apartment in basement, Separate entrance, N/A, N/A basement - potential for additional finished space 70

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

0% effective tax rate ($0/yr) - very low tax burden 100

27% renter population - primarily owner-occupied area 63

Quality

Condition

Listing

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

5 of 7 key property details provided (71%) - good detail coverage 76

* 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.