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New2 hours ago

23 Lorraine Gardens

Islington-City Centre West, Toronto

$3,798,000

Detached|Bungalow
3 | 4 | 14
About this home

A rare architectural gem nestled on an extraordinary 100 x 350 ft ravine lot overlooking Mimico Creek. Spanning nearly 4,700 sqft across 2 levels, this exceptional bungalow beautifully blends mid-century character with thoughtful modern updates, while preserving the warmth and craftsmanship that make this home truly one of a kind. The dramatic stone fireplace, rising from the lower level through to the main floor ceiling, forms the striking centrepiece of the home. Vaulted and beamed ceilings, expansive windows and natural materials create a distinctive architectural aesthetic, with spectacular views of the ultra-private ravine setting from virtually every principal room. The main floor offers 3 spacious bedrooms, including a generous primary retreat with his and her closets and a 4pc ensuite, along with a renovated family bath. The large living room features a cathedral ceiling and impressive views, while the dining room and eat-in kitchen provide an effortless connection to the outdoors. The kitchen walks out to a patio overlooking the grounds, with convenient access down to the expansive yard. A powder room and well-appointed laundry/mudroom with abundant storage complete the main level. The walkout lower level is equally impressive, offering a spacious family room, 4th bed with walk-out, 3pc bath and multiple additional living spaces. A separate area with a 2nd kitchen, den/family room and bedroom offers incredible flexibility for a nanny or in-law suite, guest accommodations or extended family. Multiple walk-outs from both levels seamlessly connect the home to its spectacular natural surroundings. Security film was professionally installed on home's windows & glass doors in 2025. A large circular drive accommodates 12+ vehicles, complemented by double garage with additional storage. A truly special property offering privacy, space, architectural character and an unparalleled connection to nature - a rare opportunity in one of Toronto's most coveted settings.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$14,502
Lot Size100 ft x 350 ft
mls© NumberW13695496
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$19,440
Property tax
$1,209
Heat allowance
$150
Housing costs
$20,798 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $759,600
25-yr amortization

Income needed

$640,000

gross annual household income

Payment at 4%
$15,983 / mo
Cash down
$759,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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