245 Galloway Road, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of West Hill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,099,900 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 48 x 157 ft lot
- Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Great detached raised brick bungalow on a huge private lot backing into West Hill Park. Situated on a well maintained lot with garden suite potential. The main floor offers one 4 pcs full and one 1.5 pcs powder room . A lot of renovations and upgrades include New Hardwood Floor, New Baseboard Casing, New 1.5 pcs Powder Room, New Room Doors and Fresh painting on the main floor in 2020. New Vinyl Floor and Stair Case in the basement in 2022. New Asphalt Roofing with new Sheathing (2023). New extended covered Front Porch in 2023 . Upstair New Refrigerator, Washer and Range Hood in 2023. Separate side entrance and walkout from 2 bedroom basement apartment to a huge backyard, generates a very handsome rental income currently. The basement living room could be divided into 2 additional bedrooms if necessary generate even more rental income. Basement laundry is being used by the main floor owner through the walkout door without disturbing basement people. Very convenient location ; close to 401, Grocery Store, Public Transit, University of Toronto & Centennial College.
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Pricing & Value Insights
Data-driven valuation for 245 Galloway Road, Toronto E10, ON M1E 1X5
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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 $1,099,900 in Toronto, the legal minimum down payment is $219,980 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 $18,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,473 also applies, bringing the total estimated land transfer taxes to $36,946.
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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.
