218-218A Cypress Street, The Nation, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised duplex located in the coveted neighborhood of 616 - Limoges. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $749,990 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 20.05 x 33 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Attention investors! Built in 2024, this modern semi-detached duplex is a turnkey opportunity with separate electricity and gaz meters. Flooded with natural light, the property features contemporary finishes, custom cabinetry, and durable low-maintenance laminate flooring throughout. Both the upper unit and lower unit offer 3 bedrooms and 2 bathrooms, making it ideal for an in-law suite, rental income, or owner-occupancy with additional revenue. Enjoy a deck for outdoor living and a prime location close to parks, recreation, schools, and all amenities. With recent construction, modern systems, and minimal maintenance required, this is a smart, income-ready addition to any investment portfolio. The lower unit is currently rented on a month-to-month basis while the upper unit is vacant, allowing you to move in or choose your own tenants and set market rental rates. *** Some photos are from another unit, virtually identical to the property.The water bill is approx $200 per month, taxes for 2025 were $4,875 . Upper unit rents for $2,400/month in that area, lower unit is curently rented at $2000/month.
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Pricing & Value Insights
Data-driven valuation for 218-218A Cypress Street, The Nation, ON K0A 2M0
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About Purchasing a Home in The Nation, ON
For a property listed at $749,990 in The Nation, the legal minimum down payment is $49,999 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,475 for this transaction. As this listing is in The Nation (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.