185 Steeles Avenue E, Toronto, ON M2M 3Y6
Newtonbrook East, Toronto · Near Bayview/Steeles · View map
Other homes for sale in Newtonbrook East
Live from the Connect networkAbout this home
**Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East!** Attention Investors, Builders & Developers! Unlock the incredible potential of this expansive **67 x 120.75 Ft Lot** with excellent exposure on Steeles Avenue in a highly desirable Toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**Outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the City of Toronto.50 foot lot has been granted same recently on Steeles Ave E. An excellent opportunity to explore **CMHC financing programs**, including MLI Select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**Invest Today, Generate Income Tomorrow & Build for the Future!** Whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in Toronto, this property offers tremendous long-term potential. **Rare Opportunity to Acquire a Large Income-Producing Lot with Significant Redevelopment Upside!***Buyer and Buyer's Agent to conduct their own due diligence regarding zoning, permitted uses, development potential, All development concepts are subject to City of Toronto approval.*
The home
- Type
- 1 1/2 storey
- Style
- 1 1/2 Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 4
- Basement bedrooms
- 2
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 12
- Basement
- Finished, Separate Entrance
- Lot size
- 67 x 120.8 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 7
- Total parking
- 8
- Parking features
- Private
Taxes & other
- Property taxes
- $7,473/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Bayview/Steeles
- Neighbourhood
- Newtonbrook East
More
- Price per sq ft
- ~$907 (at 1,750 sq ft)
- MLS® number
- C14171514
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The home and its surroundings
- Storage
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
185 Steeles Avenue, Toronto, ON M2M 3Y6
Newtonbrook East, Toronto · Near Bayview/Steeles
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Listing history for 185 Steeles Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
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1 1/2 storey$1,999,99927 Verbena Avenue, Toronto3+1 bed · 3 bath · High Park-SwanseaCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.View home →Frequently asked questions about 185 Steeles Avenue E
Answers come straight from this home’s MLS® listing.
How much is 185 Steeles Avenue E listed for, and what would it cost each month?
185 Steeles Avenue E is listed for $1,588,000. With 20% down ($317,600), the mortgage payment would be roughly $6,406 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,028 a month, all in. That figure is an illustration, not a quote.
Is 185 Steeles Avenue E freehold or a condo, and is there a monthly fee?
185 Steeles Avenue E is a 1 1/2 storey in Newtonbrook East, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 185 Steeles Avenue E have?
185 Steeles Avenue E has 4 bedrooms, plus 2 more bedrooms in the basement, and 5 bathrooms.
Does 185 Steeles Avenue E have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 7 spaces. In total the listing counts 8 parking spaces.
Does 185 Steeles Avenue E have a finished basement?
The listing describes the basement as finished, separate entrance. It counts 2 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 185 Steeles Avenue E?
185 Steeles Avenue E is a 1 1/2 storey. A 1½-storey home has a full main floor and a partial second floor under the roofline, often with dormer windows.
How big is 185 Steeles Avenue E, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 67 x 120.8 ft.
How is 185 Steeles Avenue E heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 185 Steeles Avenue E?
Property taxes are $7,473 a year (2025), or about $623 a month.
Where is 185 Steeles Avenue E?
185 Steeles Avenue E is in the Newtonbrook East community of Toronto. The nearest main intersection is Bayview/Steeles. The postal code is M2M 3Y6.
Is 185 Steeles Avenue E still for sale?
Yes. It is an active listing (MLS® C14171514). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 185 Steeles Avenue E asking?
Similar bungalow-style homes for sale nearby right now include 17 Athabaska Avenue at $1,590,000 (3+1 bed), 168 Avondale Avenue at $1,495,000 (3+1 bed) and 39 Churchill Avenue at $1,259,000 (3+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 185 Steeles Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 185 Steeles Avenue E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: RE/MAX REALTRON REALTY INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.