162 Tower Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Wexford-Maryvale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,168,000 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.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 40 x 124.08 ft lot
- Features a apartment, separate entrance, walk-up, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Accessory Apartment, Carpet Free, Floor Drain
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Skip the $250K+ renovation and lock in your total cost today. Rarely offered ~2,100 sq.ft fully renovated home featuring a never-lived-in LEGAL duplex basement apartment (2025) completed with permits and inspections - protecting you from the compliance risks many non-registered basement units face. Beautiful luxury finishes. In a neighbourhood where most homes require major updates after closing, this property has already completed the expensive work: new roof, all windows, doors, insulation, grading, underground plumbing, backwater valves, sump pump, 200-amp service, new AC, water tank (owned 2021) kitchens, baths, flooring and so much more - all new and backed by a 2-year warranty. Two fully self-contained units with separate laundry provide flexibility for multi-generational living or income potential up to approx. $5,800/month, helping offset carrying costs from day one. Enjoy a private backyard backing onto open Meadoway greenspace - no homes directly behind - on an exceptional 124-ft deep lot. The main level offers a rare primary ensuite bath with curbless shower plus bathroom access from every bedroom (3 full baths total). Ideal for buyers comparing older homes needing work vs. a move-in ready beauty! Conveniently located near schools, Costco, Hwy 401 & DVP. Pre-Home Inspection Available.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Park, Place Of Worship, School, Public Transit, Rec./Commun.Centre
Interior Features
Accessory Apartment, Carpet Free, Floor Drain, Guest Accommodations, In-Law Suite, Primary Bedroom - Main Floor, Upgraded Insulation, Water Heater Owned, Sump Pump
Security Features
Community Features
Location
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 162 Tower Drive, Toronto E04, ON M1R 3P5
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 $1,168,000 in Toronto, the legal minimum down payment is $233,600 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 $19,835 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $19,835 also applies, bringing the total estimated land transfer taxes to $39,670.
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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.
