200 Simpson Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of North Riverdale. Expertly crafted featuring premium brick and vinyl siding 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 16.17 x 98 ft lot size
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This Prime Riverdale renovated duplex presents a fantastic opportunity for those interested in a live/rent arrangement or for investors seeking to generate substantial rental income. The property is currently configured as two separate units. The main floor and basement form a spacious 2-bedroom unit, which is currently vacant, offering immediate occupancy or rental potential. The second floor features a 1-bedroom unit with a reliable AAA tenant who is eager to continue renting(Currently pays $2300 mo plus utilities) The versatility of this duplex is one of its standout features. It can easily be converted back into a single-family 3-bedroom home with a finished high basement, catering to growing families or those who prefer more living space. Additionally, the property boasts parking for two cars and includes two separate walkouts, enhancing its convenience and accessibility. Situated in the vibrant east end community of Riverdale, the location is steps away from a variety of amenities, making it highly desirable. The home is bathed in natural light, creating a warm and inviting atmosphere throughout. This property is truly a turnkey investment, offering immediate value and potential for future growth.
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Key Features
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Property Details
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Features
Property Features
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Interior Features
Carpet Free
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Community Features
Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 200 Simpson Avenue, Toronto E01, ON M4K 1A6
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 $1,199,000 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.
