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Welcome to this remarkable Bungalow detached located in the coveted neighborhood of New Toronto. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,049,000 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.
Welcome to 111 Fifth St., tucked on one of the best streets in New Toronto. On one end: the lake, epic city views, and incredible parks offering swimming, skating, tennis, boating and more. On the other: Lake Shore Blvd, lined with trendy restaurants, cozy cafés, independent shops, and effortless public transit to downtown. This is lakeside city living at its best, a buzzing neighbourhood full of energy, young families, and a true community feeling. This stylish 2+1 bedroom, 2 bath bungalow has New Toronto vibes written all over it. Sitting on a 25 x 123 ft. lot with front pad parking, the dream front porch, and that bold red door, you will fall in love before you even step inside. Inside, you are greeted by soaring vaulted ceilings and an open-concept living and dining space. The inviting living room features a gas fireplace, custom built-in shelving, and oversized windows flooding the space with natural light. Hardwood floors run throughout. The king-sized primary bedroom overlooks the backyard and features sleek built-in closets for maximum storage. The fully finished basement offers true versatility. With a separate entrance, an expansive open-concept rec room, and a stunning 3-piece bath (with heated floors ), its the perfect setup for a young family, a home office space, additional income, or even your own primary retreat. And then there's the backyard straight out of a magazine. With a multi-tiered deck, covered patio, pergola, hot tub, oversized shed/workshop, and mature trees wrapping the whole space in privacy. Its an entertainers dream and a true urban oasis. You're just a 3-minute walk to sought-after Seventh Street Junior School. Plus you're minutes away from Mimico Go, Sherway Gardens, The Queensway, and every shopping convenience you could need. This is one of those unique properties that don't come up very often!
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Beach, Lake Access, Park, Public Transit, School, Marina
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 111 Fifth Street, Toronto W06, ON M8V 2Z4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $1,049,000 in Toronto, the legal minimum down payment is $209,800 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 $17,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $17,455 also applies, bringing the total estimated land transfer taxes to $34,910.
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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.