15 Augusta Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,297,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 26.75 x 81 ft lot size
Description
Located on the lively and historic Augusta Avenue in Toronto, this 0.049-acre (approximately 2,135 sq. ft.) vacant lot offers a rare opportunity for flexible urban use in one of the city's most dynamic mixed-use neighborhoods. Currently utilized as a surface parking lot, the site is level, easily accessible, and zoned for a variety of potential developments or commercial applications. Surrounded by independent shops, cafés, and cultural landmarks, the property benefits from steady pedestrian and vehicle traffic, excellent visibility, and proximity to major transit routes. With its prime downtown location and compact size, the site presents an ideal opportunity for infill development, boutique retail, or continued parking operations-a valuable asset in an area with limited space and high demand for creative, community-oriented projects.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 15 Augusta Avenue, Toronto C01, ON M5T 2K7
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 $1,297,000 in Toronto, the legal minimum down payment is $259,400 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 $22,415 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $22,415 also applies, bringing the total estimated land transfer taxes to $44,830.
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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.
