2 Farningham Crescent, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Princess-Rosethorn. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,599,999 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 70 x 115 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located in the most peaceful setting on one of THE BEST streets in Princess-Rosethorn, 2 Farningham Cres. is a beautiful mid-century home that has been stylishly renovated for today's homeowner. This over 1500 Sq ft. 2 Car Garage bungalow boasts 3 bedrooms & 2 full bathrooms. Thoughtful detail and pride of ownership is exhibited in the custom solid wood doors, integrated blinds, and choice quality materials. The lower level provides you the option for an in-law, nanny or INCOME POTENTIALGENERATING UNIT in the basement, as it has a SEPERATE ENTRANCE, 2 additional bedrooms, as well as a kitchen. Not to be outdone, the exterior of the home boasts 3 DIFFERENT ZONES: A sun-drenched side yard, perfect for avid gardeners, an interlocked backyard that is perfect for hosting parties, and a sprawling front yard, where kids will enjoy running. Whole home was renovated just over 10 years ago, while the living and dining rooms enjoyed a refresh in 2020, complete with gas fireplace. The Primary
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Pricing & Value Insights
Data-driven valuation for 2 Farningham Crescent, Toronto W08, ON M9B 3B5
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 $1,599,999 in Toronto, the legal minimum down payment is $320,000 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 $28,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $28,475 also applies, bringing the total estimated land transfer taxes to $56,950.
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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.
