113 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 $799,999 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 37.63 x 109 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 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
Location, location, location! This is the opportunity you've been waiting for - and it won't last long. Priced to sell, this exceptional home is designed with a rare dual primary-bedroom layout. This home features two spacious bedrooms, each with two large windows that fill the rooms with natural light, creating a bright and airy feel. It's perfectly situated in a highly sought-after neighborhood, making it ideal for growing or extended families.The fully finished lower level features an additional bedroom, kitchen, and spacious living area, offering flexible living space for extended family members. With its smart layout, it also presents excellent potential to be converted into an income-generating basement apartment in the future.Conveniently located within walking distance to Scarborough GO Station, just a 3-minute drive to Kennedy SUBWAY station, schools, scenic trails, public transit, and a variety of shops, this home offers both comfort and unbeatable accessibility. Whether you're searching for the perfect family residence or a smart investment opportunity, this property truly checks all the boxes. Act quickly - this one won't last!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 113 Magnolia Avenue, Toronto E04, ON M1K 3K7
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 $799,999 in Toronto, the legal minimum down payment is $55,000 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 $12,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,475 also applies, bringing the total estimated land transfer taxes to $24,950.
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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.
