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Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Forest Hill North. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,199,000 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.
Welcome to 2 Wingate Place, a charming detached bungalow nestled on a quiet cul-de-sac in the heart of Forest Hill North. Situated on an expansive 30 x174 ft corner lot, this home offers incredible potential for builders, contractors, & end-users alike. Whether you're dreaming of designing a custom luxury residence, adding a 2nd storey to expand the existing footprint, or restoring the home to suit your style, this property won't disappoint! With its exceptional depth, the lot also presents the opportunity to explore a future garden suite at the rear of the property where a detached 1-car garage & private driveway currently sit (buyer to conduct own due diligence). Sunny south, west, & east exposures fill the property with natural light & the rare lot size provides endless design possibilities. Inside, the main floor features a spacious open concept living & dining room highlighted by original character details including a stained-glass window, a grand fireplace, bay window, crown moulding, & a graceful archway. A galley kitchen, 2 well-proportioned bedrooms, & a 4-piece bathroom complete this level. The lower level features a walk-out basement with a spacious recreation room with built-in shelving, a 4-piece bathrm, laundry, storage, & a dedicated workshop area, offering excellent flexibility for hobbies, future redesign, or conversion into a private in-law suite thanks to its separate side entrance. Recent updates include a new roof (2023), new eaves (2025), high-efficiency furnace (approx.2017) & new exterior clean-outs. Enjoy the homes coveted location with tree-lined streets, family-friendly atmosphere, proximity to top private & public schools, including Forest Hill Collegiate & Upper Canada College, as well as abundant parks, playgrounds, shops, cafés, & dining options. Convenient access to TTC, Eglinton West subway, & the Crosstown LRT ensures a quick commute downtown. This is a rare chance to secure one of the areas most desirable lots in Forest Hill North.
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In-Law Capability
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Data-driven valuation for 2 Wingate Place, Toronto C04, ON M5N 2R1
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 $1,199,000 in Toronto, the legal minimum down payment is $239,800 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 $20,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $20,455 also applies, bringing the total estimated land transfer taxes to $40,910.
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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.