1041 LILLIAN Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Backsplit 4 detached located in the coveted neighborhood of Newtonbrook East. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,699,000 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 3 Bathrooms with 2 functional kitchens
- Premium 55.93 x 130 ft lot size
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Distinguished And Highly Sought-After Neighbourhood, Situated Between Hwy 404, 401 And 407. This6 BR home is situated on an extra deep & wide lot approx 56 x130 ft in high demand area surrounded by Custom Built multi-million dollar homes. Newly renovated stunner is luxuriously spacious and inviting with functional layout. 4-level Backsplit is divided into two separate units w/ sep kitchens/ 2 laundry, Income potential is upwards of $3500 per level. Professionally finished Bsmt with additional Bdrm for growing family or Tenant. Magnificent lower space has walk-out access to backyard oasis w/ mature trees. Ideal for investors or growing family, open concept living/dining room is flooded with natural light, smooth ceilings, Hdwd floors, Expansive Gourmet kitchen custom cabinetry W/Quartz wrap around counter-top. Prime location
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Pricing & Value Insights
Data-driven valuation for 1041 LILLIAN Street, Toronto C14, ON M2M 3G1
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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 $1,699,000 in Toronto, the legal minimum down payment is $339,800 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 $30,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $30,455 also applies, bringing the total estimated land transfer taxes to $60,910.
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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.
