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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Kingsway South. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $5,599,999 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.
This exquisitely custom home, completed in 2019, offers an unparalleled blend of luxury, technology, and thoughtful design in one of the area's most desirable, family-friendly neighbourhoods. Fully equipped with a state-of-the-art Control4 home automation system, the property provides seamless control over climate, lighting, televisions, speakers, and outdoor heating, ensuring comfort and convenience throughout. The stunning covered outdoor patio is designed for year-round enjoyment, featuring a wood-burning fireplace, outdoor TV, surround sound, and in-ceiling gas heating. A saltwater pool and separately controlled hot tub allow for year-round spa use, while the beautifully crafted wet bar and wine cellar, spacious billiards and games room, and full home gym wired for TV offer incredible spaces for both entertaining and everyday living. The Downsview custom kitchen, featured in House & Home magazine, anchors the home with its striking design and premium functionality. Additional highlights include expansive laundry and storage areas, a fully automated sprinkler system, and fully automated landscape lighting that enhances the meticulously maintained grounds. Perfectly situated near top-rated schools including LKS and OLS, scenic parks, walking trails, golf courses, community centres, boutique shopping, cafes, and excellent restaurants, this home offers not only exceptional living but also convenient access to transit and major routes delivering the best of luxury, comfort, and community in one remarkable property.
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Data-driven valuation for 16 Kingscourt Drive, Toronto W08, ON M8X 2P6
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 $5,599,999 in Toronto, the legal minimum down payment is $1,120,000 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 $126,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $126,475 also applies, bringing the total estimated land transfer taxes to $252,950.
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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.