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Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bendale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $998,000 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.
Don't miss this exceptional opportunity to own a well-kept bungalow with a legal two-bedroom basement apartment in the highly sought after Glen Andrew community of North Bendale. Situated on a quiet street with no houses behind, this home offers privacy and a functional open concept layout featuring a bright family room and a spacious modern kitchen. The main floor showcases hardwood flooring throughout, a convenient powder room and a full bathroom, three well sized bedrooms, and its own separate laundry for added convenience. One of the bedrooms features a walkout to the backyard through patio doors, creating easy outdoor access. The finished basement includes a separate entrance and a fully self-contained legal apartment. It features a large living and dining area with laminate flooring, oversized windows that bring in plenty of natural light, and a cozy fireplace that adds warmth and character. The primary bedroom includes its own ensuite bathroom, along with an additional bedroom, another full bathroom, and separate laundry. The layout offers ample space and comfort, ideal for extended family or rental income. This home is equipped with a 200-amp electrical panel and has been well maintained by the owner with numerous upgrades over the years, including furnace and air conditioner replaced in 2016, roof updated in 2019, and eavestrough replaced in 2022. The legal basement apartment was previously rented for $2500 plus utilities, making this an excellent income generating opportunity. Conveniently located with quick access to Scarborough General Hospital, Highway 401, Scarborough Town Centre, McCowan Subway Station, and a variety of nearby amenities, this property is perfect for families and investors alike.
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Carpet Free
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This could be the first listing for this address.
Data-driven valuation for 17 Madrid Street, Toronto E09, ON M1P 4L7
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 $998,000 in Toronto, the legal minimum down payment is $74,800 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 $16,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,435 also applies, bringing the total estimated land transfer taxes to $32,870.
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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.