10 Colonial Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Cliffcrest. Expertly crafted featuring premium brick front construction, this residence presents an exceptional opportunity offered at $799,000 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
- Generous living space spanning 700-1100 sqft on a premium 46.5 x 237 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, In-Law Capability, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
RARE OVER SIZED LOT!!!- Charming 3+2 Bedroom Bungalow perfect for renovators, builders and downsizers! Welcome home to an inviting space nestled on a rare, oversized lot with a private laneway running behind-a perfect opportunity for future potential or extra parking space. Step inside to find an inviting open-concept main floor featuring a renovated kitchen with natural stone countertops, sleek cabinetry, and lots of light. A cozy fireplace adds warmth and charm to the main level which offers three comfortable bedrooms, while the basement has a separate entrance and includes two additional bedroom spaces awaiting the finishing touches, a second kitchen, and ample room waiting for your renovation ideas to be brought to light-ideal for an in-law suite or future rental potential. Enjoy the outdoors in your beautifully treed backyard, complete with a large workshop for hobbyists or extra storage. Additional features include a tankless hot water system, large laundry room, and convenient access to nearby schools, parks, shopping, and transit. This property combines comfort, space, and future potential in one of Scarborough's most desirable neighborhoods. Don't miss your chance to own this versatile and well-loved home!
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Key Features
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Features
Property Features
Interior Features
Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Water Heater Owned
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 10 Colonial Avenue, Toronto E08, ON M1M 2C2
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 $799,000 in Toronto, the legal minimum down payment is $54,900 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 $12,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,455 also applies, bringing the total estimated land transfer taxes to $24,910.
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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.
