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Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Wychwood. Expertly crafted featuring premium insulbrick and wood 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.
205 Wychwood Avenue I a Designer's and builder's project where all the approvals have already been done for you by the current owners. Architectural plans are drawn by one of the top firms in the city, and Committee of Adjustments approved a new 3 story build and a new coach house on the laneway. Permits could be re-activated as approved, or you can choose to make your own adjustments to the plans first and then re-apply with your own plans. This home is truly best suited for a new build for an end user or for a builder Shovel Ready by closing date. This 1 1/2 story detached home is currently occupied by tenants. It sits on a quiet family-friendly treed avenue surrounded by recently restored and newly built homes. A 25 x 130 foot lot. Tree removal or relocation permits have not yet been pursued, but a tree plan report is available. Short walk to St. Clair West, and Bathurst Street. Current home has 4 bedrooms, a 3 piece and a 4 piece bath.
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Data-driven valuation for 205 Wychwood Avenue, Toronto C02, ON M6C 2T5
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.