116 Jones Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of South Riverdale. Expertly crafted featuring premium brick veneer and vinyl siding 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.
- 3 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 17.87 x 80 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Turkey Income Property in Leslieville with parking! Move into a unit & let the other tenants pay your mortgage :) Excellent investment opportunity in the heart of highly sought-after Neighbourhood.This solid, well-maintained property features three self-contained apartments, offering flexibility and income in one of Toronto's most desirable and walkable neighbourhoods. Upper Unit: 1-bedroom, Main Floor Unit: 1-bedroom, Basement Unit: 1-bedroom. All units are currently AAA tenanted on a month-to-month basis, giving you the freedom to continue as a fully tenanted investment property or move into one of the units and enjoy supplemental income! Just steps to several shops, restaurants, parks, transit, and everything Leslieville has to offer. This property presents endless potential. Please allow 24 hours for showings. Pedestrian & cyclist friendly, and TTC stop at doorstep! See attachment for financials. Communal Coin Laundry generates approximately $60/month.
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Pricing & Value Insights
Data-driven valuation for 116 Jones Avenue, Toronto E01, ON M4M 2Z8
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 $1,049,000 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.
