116 Sylvan Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of Scarborough Village. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $1,518,000 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.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 56 x 194 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
LOCATION, LOCATION, LOCATION!Welcome to 116 Sylvan Avenue, a rare opportunity on one of Toronto's most desirable and peaceful cul-de-sac streets. Set on a mature, private lot in an exceptional family-friendly neighbourhood, this beautifully renovated solid brick bungalow combines modern living with outstanding convenience.Extensively updated with over $300,000 in renovations, the home showcases a bright, open-concept layout designed for today's lifestyle. The stunning chef-inspired kitchen features custom contemporary cabinetry, premium countertops, and high-end stainless steel appliances, seamlessly flowing into the spacious living and dining areas. New flooring, pot lights throughout, and expansive floor-to-ceiling windows create a light-filled interior with a clean, sophisticated aesthetic.The fully renovated lower level includes a self-contained one-bedroom suite with a separate entrance, offering excellent income potential, an ideal in-law suite, or flexible space for extended family.Outside, the extended private driveway comfortably accommodates up to four vehicles. Located within highly sought-after school catchments, including the Elizabeth Simcoe Gifted Program and Sir Wilfrid Laurier Collegiate Institute, and just moments from parks, transit, shopping, restaurants, and everyday amenities.Whether you're looking for a move-in-ready family home, an investment opportunity, or a property with future potential, 116 Sylvan Avenue presents exceptional value in one of Toronto's most coveted neighbourhoods.
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Pricing & Value Insights
Data-driven valuation for 116 Sylvan Avenue, Toronto E08, ON M1M 1K3
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 $1,518,000 in Toronto, the legal minimum down payment is $303,600 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 $26,835 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,835 also applies, bringing the total estimated land transfer taxes to $53,670.
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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.
