Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of East End-Danforth. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $719,000 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 investors, contractors, and visionaries. This freehold, two-storey semi-detached residential property at 2461 Gerrard St E offers a prime renovation opportunity in Toronto. The interior layout includes three bedrooms and two full bathrooms. The structure sits on a regular lot with a frontage of 17.67 feet and a depth of 100 feet. The basement is unfinished and ripe for a transformation with an existing full bathroom. Exterior features include a mutual shared driveway and a detached garage. The location is uber-convenient with Loblaws and Victoria Crossing (Freshco, Tim Hortons, and Play it Again Sports) close-by. The Walk/bike/transit score is enviable at 90/75/70. A quick trip down Victoria Park Ave lands you in the Eastern end of the Beaches neighbourhood. Offers Anytime.
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Data-driven valuation for 2461 Gerrard Street E, Toronto E02, ON M4E 2G3
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 $719,000 in Toronto, the legal minimum down payment is $46,900 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 $10,855 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,855 also applies, bringing the total estimated land transfer taxes to $21,710.
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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.