21 Morbank Drive, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Steeles. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,498,888 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.
- 4 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 49.27 x 110.02 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: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Rare opportunity to own a Double Car Garage 4 bedroom detached with walk-out basement & backing onto parkland with beautiful green views and exceptional privacy. This spacious home features a functional layout filled with natural light and offers incredible renovation and customization potential. Versatile study room with potential to be transformed into a main floor senior en-suite - ideal for multi-generational living or added convenience for extended family. Walk-out basement with kitchen and separate entrance provides excellent income potential or ideal in-law suite setup. Located in a highly desirable family-friendly neighbourhood close to L'amoreaux sports complex, parks, schools, shopping, transit, and major highways. A fantastic opportunity for end-users, investors, or builders looking to create their dream home in a prime location.
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Key Features
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Features
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School, Rec./Commun.Centre, Public Transit, Park, Hospital
Interior Features
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 21 Morbank Drive, Toronto E05, ON M1V 2M1
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 $1,498,888 in Toronto, the legal minimum down payment is $299,778 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 $26,453 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,453 also applies, bringing the total estimated land transfer taxes to $52,906.
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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.
