16 Delavan Avenue, Toronto, ON

$7,500,000
MLS#:C8473464
6 beds
7 baths
5.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Forest Hill South. Expertly crafted featuring premium stone and brick construction, this residence presents an exceptional opportunity offered at $7,500,000 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.

  • 6 Bedrooms and 7 Bathrooms
  • Premium 50 x 169.58 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Shram Built Forest Hill Luxe At Its Finest. Dramatic Natural Stone Front Elevation. Soaring 10.5 Ft Ceilings, Extensive Millwork And Panelling Maple Hardwood Floors & Multiple Fireplaces. The Chef Inspired Kitchen Presents With Adorned Marble Countertops, Custom Cabinetry, A Butler's Pantry And High-End Appliances. Resort-Like Backyard Oasis Boasts Saltwater Pool, Jacuzzi, Stone Terrace, Built-In BBQ & Cabana. Primary Bedroom With Juliette Balcony, Luxurious Ensuite & Dressing Room With Skylight. Formal Dining Room, Custom Office With Coffered Ceilings, Spacious Bedrooms, Custom Crown Moldings, Heated Floors & Ample Storage. The Lower-Level Features High Ceilings, Large Windows, Family Room, Second Laundry Room And Nanny Suite. Rare 170ft Lot Depth And 3 Car Garage And Heated Driveway. Surrounded By Renowned Schools UCC, BSS, FHCI And Steps To Forest Hill Village Shops & Eateries.

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Key Features

Bedrooms
6
Bathrooms
7
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 8, 2024
Sold price information is available to members only
Listed Date6/24/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStone, Brick
BasementFinished
Lot Size50 × 169.58 Feet
CountyToronto
Annual Tax$32,114.41
Legal DescriptionPCL68-1SECM408;LT68PLM408TORONTO;TORONTO,CITYOFTOR

Parking & Garage

Parking Spaces5.0
Garage Spaces2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, School, Public Transit

Interior Features

Central Vacuum

Security Features

Community Features

Location

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16 Delavan Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 16 Delavan Avenue, Toronto C03, ON M5P 1T3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$1,500,000 (20.0%)
* Minimum Canadian down payment required for this price is $1,500,000.
Amortization Period25 Years
Estimated Monthly Payment$35,755Based on a loan of $6,000,000 over 25 years.
Purchase Price$7,500,000
Loan Amount$6,000,000
Provincial Land Transfer Tax:$173,975
Toronto Municipal Land Transfer Tax:$173,975
Total Estimated Closing Taxes:$347,950

About Purchasing a Home in Toronto, ON

For a property listed at $7,500,000 in Toronto, the legal minimum down payment is $1,500,000 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 $173,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $173,975 also applies, bringing the total estimated land transfer taxes to $347,950.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Forest Hill South, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$3,835,369

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Forest Hill
PublicToronto, Ontario, M5P 2W8
8.3
Holy Rosary
Public354 St. Clair Avenue West, Toronto, Ontario, M5P 2Y1
8.6
North Preparatory
Public1100 Spadina Road, Toronto, Ontario, M5N 2M6
6.3
Hillcrest
Public44 Hilton Avenue, Toronto, Ontario, M5R 3E6
7.8
Davisville
Public529 Vaughan Road, York, Toronto, Ontario, M4S 1J6
6.2

Secondary Schools

Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.