25 Homestead Road, Toronto, ON
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Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of West Hill. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $799,000 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.
- 2 Bedrooms and 1 Bathroom
- Premium 54.45 x 192.07 ft lot size
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater Owned
- Efficient forced air heating via gas
Description
Welcome to 25 Homestead. If you're looking to build your dream home, renovate and/or top up the existing home, or a perfect investment property, your search ends here. This street is experiencing a surge in new developments and is primed for growth. The City of Toronto is enthusiastic about approving this property for a multi-unit home, along with the potential to add a large garden suite. The future of this property is indeed very promising. As you drive down the street, you'll notice several luxury homes already completed. This property is conveniently located near all the amenities you could desire: shopping, transit, schools, parks, and just minutes from the lake. Additionally, it's close to Heron Park Community Centre, which offers an outdoor pool, indoor and outdoor ice rinks, a gymnasium, and a variety of programs for all ages. There is so much to see and enjoy in this vibrant area. Don't miss out on this exceptional opportunity!
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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 25 Homestead Road, Toronto E10, ON M1E 3S2
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 $799,000 in Toronto, the legal minimum down payment is $54,900 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 $12,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,455 also applies, bringing the total estimated land transfer taxes to $24,910.
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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.
