$1,119,000
Toronto
73 Hocken Avenue, Toronto (Wychwood), Ontario, M6G2K1
This 3-bedroom, 1-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,119,000, it is attractively priced about 10% below the $1,250,000 median asking price in Toronto.
Opportunity.Welcome to *73 Hocken Avenue*-an exceptional opportunity in the heart of prestigious Wychwood, one of Toronto's most sought-after neighbourhoods. Situated on a quiet, tree-lined street, this rare offering provides incredible flexibility for builders, investors, renovators, and end-users alike. Whether you're looking to thoughtfully renovate, build your dream home, or take advantage of the approved redevelopment plans, this property offers endless potential to bring your vision to life. Included are **approved architectural plans and building permits**, eliminating months of planning, approvals, delays, and carrying costs, allowing you to begin construction immediately should you choose. Choose between **two outstanding approved development options**: build a purpose-designed **3-unit multi-residential property** featuring 1+1 bedroom, 2-bedroom, and 3-bedroom suites, ideal for strong rental income and long-term appreciation; or construct an impressive **approximately 3,300 sq.ft. three-storey custom home** with 4 bed, 5 bath, soaring 10' ceilings, expansive principal rooms, multiple outdoor living spaces, and the potential for a *2-car garage with a laneway suite* for extended family, guest accommodations, or additional income. For buyers with a vision to renovate, this property also presents an exceptional opportunity to restore, expand, and personalize a home in one of Toronto's premier communities while benefiting from the long-term value Wychwood continues to offer. Enjoy everything Wychwood has to offer-steps to Wychwood Barns, Hillcrest Park, St. Clair West, top-rated schools, cafés, restaurants, shopping, TTC, and everyday amenities, all just minutes from downtown Toronto. Opportunities offering this level of flexibility, location, and future potential are exceptionally rare. Whether your goal is to renovate, build, invest, or create your forever home, **73 Hocken Avenue** is ready to make that vision a reality. *Property sold as Is* (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 99 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 3-bed single family in Toronto (Wychwood) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,119,000, about 12.3× the local median household income of $91,000.
Carrying it typically needs a household income of about $218,580 (20% down, 25-yr amortization, stress-tested) — roughly 140% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6G)
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Loading rates, 30-yr amortization
Cash Needed to Close
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