11 Michigan Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Newtonbrook East. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,450,000 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.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 64 x 129.08 ft lot
- Features a partially finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 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
Attention all builders, renovators, and investors! Are you dreaming of constructing your ideal home and searching for the perfect lot? Look no further! This detached home with 64 feet of frontage is exactly what you've been seeking. Nestled among stunning custom homes, this property is a canvas for your creativity. Enjoy a bright and spacious bungalow situated on a lovely, quiet street, featuring a generous 64 x 129.08 lot and large windows that flood the space with natural light. It also offers a separate entrance to the basement. Conveniently located near numerous amenities, including Bayview Village Mall, restaurants, grocery stores, parks, Highway 401, Finch Subway Station, and more. This area boasts excellent school districts and is within walking distance to the subway, TTC, and shops.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 11 Michigan Drive, Toronto C14, ON M2M 3H9
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 $1,450,000 in Toronto, the legal minimum down payment is $290,000 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 $25,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $25,475 also applies, bringing the total estimated land transfer taxes to $50,950.
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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.
