1 Lyncroft Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Guildwood. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,000 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 52 x 117 ft lot size
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient carport configuration
- Notable attributes: In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This beautiful, fully renovated bungalow is in the prestigious, high-demand Guildwood Village neighbourhood. It's withinwalking distance to Lake Ontario, the waterfront trail, schools, a library, a shopping plaza, and the GO Train. The home features originalhardwood floors, an open concept living room, and a formal dining room. It has updated windows, a new roof, soffits, eaves (2022), and acustom kitchen with Corian countertops and new appliances. A separate side entrance leads to a finished basement with a brand-new washerand dryer. The large rec room is ideal for entertaining guests or an in-law suite with a kitchenette layout in place. The spacious front andbackyard will please any buyer.
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Pricing & Value Insights
Data-driven valuation for 1 Lyncroft Drive, Toronto E08, ON M1E 1X6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $999,000 in Toronto, the legal minimum down payment is $74,900 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 $16,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,455 also applies, bringing the total estimated land transfer taxes to $32,910.
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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.
