Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Corso Italia-Davenport. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,299,000 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.
Rare 2.5-storey detached house on a huge 32 x 120-foot lot in popular Corso Italia! This large home offers massive potential for families or savvy investors. It features a great layout with a separate basement entrance and a huge third-floor loft. You can easily convert this space into 3 separate modern apartments to generate over $6,000 per month in rent. It is the perfect mortgage helper or multi-generational home. The deep lot gives you tons of space for a big rear addition, a trendy garden suite, or a brand-new custom home from scratch. Create your own private backyard oasis! Enjoy a head start with a brand-new roof (2023) and fresh interior paint throughout. Located just steps from St. Clair Ave West transit, great local dining, and neighbourhood shops. A true hidden gem with endless possibilities!
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Data-driven valuation for 1587 DUFFERIN Street W, Toronto, ON M6H 3L5
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 $1,299,000 in Toronto, the legal minimum down payment is $259,800 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 $22,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $22,455 also applies, bringing the total estimated land transfer taxes to $44,910.
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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.