1 Homestead Road, Toronto, ON

$960,000
MLS#:E9240960
6 beds
4 baths
4.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of West Hill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $960,000 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
  • Premium 40.06 x 125.08 ft lot size
  • Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to Prestigious West Hill Neighborhood ! Modern & Updates! Fully Renovated Bright Bricks Bungalow & Corner Lot fir opportunity first time Home Buyers or investors. Tone of upgrade with main floor & basement 3+3 Generous Bedrooms, 2+2 new baths, all over the house new pot lights, new kitchen with quartz counter & back flash. Huge living room with large front window. Separated entrance basement newly finished for potential. Parking for four cars and a generous backyard with a shed. The house is located close to elementary & post secondary schools, heron park community center, TTC, hospitals social centers. This house is top to bottom renovated. A great location, close to all amenities. Easy access to parks & Lake Ontario. Close to 401 & U Of T. Don't miss this house.!

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Key Features

Bedrooms
6
Bathrooms
4
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 7, 2024
Sold price information is available to members only
Listed Date8/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementApartment, Separate Entrance
Lot Size40.06 × 125.08 Feet
CountyToronto
Annual Tax$3,091.51
Legal DescriptionLT 33 PL 4796 Scarborough; Toronto, city Toronto

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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1 Homestead Road, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1 Homestead Road, Toronto E10, ON M1E 3R8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$71,000 (7.4%)
* Minimum Canadian down payment required for this price is $71,000.
Amortization Period25 Years
Estimated Monthly Payment$5,298Based on a loan of $889,000 over 25 years.
Purchase Price$960,000
Loan Amount$889,000
Provincial Land Transfer Tax:$15,675
Toronto Municipal Land Transfer Tax:$15,675
Total Estimated Closing Taxes:$31,350

About Purchasing a Home in Toronto, ON

For a property listed at $960,000 in Toronto, the legal minimum down payment is $71,000 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 $15,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,675 also applies, bringing the total estimated land transfer taxes to $31,350.

Nearby Listings

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No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for West Hill, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$955,287

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Martin de Porres
Public230 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3E1
4.7
St Margaret
Public235 Galloway Road, Scarborough, Toronto, Ontario, M1E 1X5
7.4
St Malachy
Public80 Bennett Road, Scarborough, Toronto, Ontario, M1E 3Y3
5.6
St Ursula
Public215 Livingston Road, Scarborough, Toronto, Ontario, M1E 1L8
6.7
Saint-Michel
Public29 Meadowvale Road, Scarborough, Toronto, Ontario, M8Y 1R7
6.2

Secondary Schools

West Hill
Public299 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3G1
4.9
Sir Wilfrid Laurier
Public145 Guildwood Parkway, Scarborough, Toronto, Ontario, M1E 1P5
6.2
Sir Oliver Mowat
Public5400 Lawrence Avenue East, Scarborough, Toronto, Ontario, M1C 2C6
7.0
Cedarbrae
Public550 Markham Road, Scarborough, Toronto, Ontario, M1H 2A2
4.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.