102 Magnolia Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Kennedy Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $649,000 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
- Generous living space spanning 1500-2000 sqft on a premium 30 x 109.09 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 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
This large detached two-story home is located on a quiet street in the sought-after Kennedy Park community. Set on a 30' x 109' lot, this 1,814 sq ft above grade property offers a spacious main floor with generous principal rooms including a large eat-in kitchen, and separate living and dining areas. The upper level features three bedrooms and a versatile space that can be used as a home office or potentially converted into an ensuite. An attached single-car garage adds to the home's functionality. This is a rare opportunity to renovate and reimagine a solid home with great bones, and truly make it your own. The property is being sold in "as is, where is" condition. Ideally located just steps to TTC, within walking distance to Scarborough GO Station, and minutes to Kennedy Subway Station. Close to schools, parks, trails, and shopping, this is a strong value-add opportunity in a well-connected neighbourhood.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 102 Magnolia Avenue, Toronto E04, ON M1K 3K6
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 $649,000 in Toronto, the legal minimum down payment is $39,900 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 $9,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $9,455 also applies, bringing the total estimated land transfer taxes to $18,910.
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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.
