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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Rouge E11. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,000 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.
This is 2 bedroom walk-out basement suite is the kind of place that's hard to find and even harder to pass up, fill the space with natural light, making it feel open and welcoming from the moment you walk in - the living and dining area flow nicely together, and both bedrooms are a good size with their own closets, so nothing feels cramped or thrown together. Step outside to your own walk-out and a generous backyard, a genuine bonus for anyone who wants a little outdoor space without the upkeep of a full property. Laundry is shared and on-site, so no trips to the laundromat. Location wise, it's genuinely convenient TTC is steps away, Hwy 401 is just minutes out, and you've got U of T Scarborough, Centennial College, Centenary Hospital, the Toronto Zoo, Pan Am Sports Centre, parks, shops, and the library all close by, the kind of neighbourhood where everything you need is already within reach. Tenant covers 40% of utilities.
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Data-driven valuation for 225 Morningview Trail Bsmt, Toronto E11, ON M1B 5L7
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 $2,000 in Toronto, the legal minimum down payment is $100 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 $10 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10 also applies, bringing the total estimated land transfer taxes to $20.
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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.