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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Kingsway South. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,199,000 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.
Attention Developers, Builders & Buyers looking to design & build Dream Home in prime Kingsway pocket by Humber River. One of the largest remaining Parcels of Land (approx 65 ft Frontage & 135 ft Depth) available in this pocket. Has potential to sever into 2 Lots or your Build Dream Home. Over last 5-7 yrs many 50 Foot Lots have been severed into Two 25 Foot Lots with new multi-million $ homes built. Existing solid brick 2-Storey, 3-Bedrm Home is dated but well maintained. Ideally located close to Royal York Subway, Kingsway Shops, Humber River, Walking & Bike Trails. Steps from highly rated Lambton Kingsway & Our Lady of Sorrows & Etobicoke Collegiate & Bishop Allen HS. 23 Government Rd is NOT a DESIGNATED HERITAGE Property but is on the HERITAGE LIST. A new Provincial Act, Bill C23, essentially states, if a property has been on the Heritage List for several yrs without being DESIGNATED there's a 'beneficial Property Owner time limit' that allows a higher probability for removal from "HERITAGE LIST". Allowing the Owner to demolish or sever lot to build providing normal city building by-laws are met. Consult Bill C23 for complete detail.
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Golf, Greenbelt/Conservation, Public Transit, Ravine, River/Stream, School
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Data-driven valuation for 23 Government Road, Toronto W08, ON M8X 1V8
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 $2,199,000 in Toronto, the legal minimum down payment is $439,800 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 $41,450 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $41,450 also applies, bringing the total estimated land transfer taxes to $82,900.
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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.