MLS® listing
55 Oakwood Avenue: detached house for sale
$1,225,000
From the listing brokerage
Offered for the first time in decades, this distinguished Wychwood/Regal Heights detach home presents a remarkable opportunity to own a property with its' original character and charm, generous in scale and full of possibilities. Situated just steps from St. Clair Avenue West, this home offers the flexibility to preserve its existing legal duplex(with 2 separate hydro meters) configuration as an income property or undertake a thoughtful restoration to create an exceptional single-family residence. From the classic solid brick and welcoming large covered front porch to hardwood floors, original wood trim, stained-glass details, elegant staircase, bay windows and wood-burning and gas fireplace, the home's architectural heritage is evident throughout. Generously proportioned principal rooms and multiple levels of living space provide an inviting foundation for a transformation that keeps the property's history while introducing the comforts and finishes of contemporary living. For investors, the existing duplex setup offers an opportunity to establish a rental strategy with potential for up to 4 units. For those with a vision for restoration, the home's layout and distinctive period details invite a spectacular reinvention as a substantial single-family residence. One-car detached garage with One-car parking on driveway & One on parking pad and private, tree-lined backyard add further versatility. Just moments from cafés, restaurants, shops and everyday conveniences of St. Clair Ave W, this home enjoys access to the cultural energy of nearby Corso Italia, easy access to Transit with Bus Stop across the street, Schools nearby and Yorkdale Shopping Centre and 401 Hwy access just a 15 min drive away. Whether you're looking for a smart investment or a chance to enter the market with built-in income potential, this property checks all the boxes. Live in one unit and rent the others, helping to build equity while enjoying all the benefits of home ownership.
Facts on the listing
| Square feet | 2500-3000 |
|---|---|
| Style | 2 1/2 Storey |
| Basement | Unfinished |
| Lot width | 30.67 |
| Lot depth | 105 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 3 |
| Garage | Detached |
| Heating | Radiant |
| Cooling | None |
| Kitchens | 3 |
| Property tax | $7,865 |
| Tax year | 2026 |
| Parking | Mutual |
| Interior features | Accessory Apartment |
| Features | Public Transit, School |
Listing courtesy of EXP REALTY. MLS® C14142454.
About this detached house
55 Oakwood Avenue is a 6 bedroom detached house in TRREB's Wychwood community in Toronto, listed for sale at $1,225,000. The listing shows 4 bathrooms and 2500-3000 square feet. The style is given as 2 1/2 storey. The lot is listed as 30.67 by 105 feet. The listing gives the basement as unfinished. It comes with 3 parking spaces and a detached garage according to the listing. The nearest main intersection given is St. Clair Ave. W. / Oakwood Ave..
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 55 Oakwood Avenue
At the asking price of $1,225,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,225,000 |
|---|---|
| Ontario land transfer tax | $20,975 |
| Toronto municipal land transfer tax | $20,975 |
| Both taxes | $41,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $97,500 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $7,865 a year, about $655 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $1,225,000, which is $55,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as radiant.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 30.67 by 105 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 3 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 55 Oakwood Avenue
How much is land transfer tax on 55 Oakwood Avenue?
At the asking price of $1,225,000 the Ontario tax is $20,975 and the Toronto tax is $20,975, $41,950 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 55 Oakwood Avenue?
$97,500 at the asking price of $1,225,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 55 Oakwood Avenue?
The listing shows $7,865 a year for 2026, about $655 a month.
Is 55 Oakwood Avenue priced above or below the median?
It is listed at $1,225,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $55,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 55 Oakwood Avenue?
Use the form on this page or call us. Quote MLS® C14142454. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 55 Oakwood Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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