26 Elma Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Mimico. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $798,000 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
- Generous living space spanning 700-1100 sqft on a premium 25 x 125 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- Efficient water heating via oil
Description
Charming All-Brick Bungalow in Prime South Mimico Needs Updating, But Has Real Potential! Welcome to this solid two-bedroom, one-bathroom, all-brick bungalow in one of Etobicoke's most desirable neighbourhoods steps from Royal York and Lakeshore! This property is situated on a generous 125-foot-deep lot and offers incredible potential for first-time buyers, investors, renovators, contractors, and builders. With a separate side entrance to the unfinished basement, the opportunity to add value or create a secondary suite is yours to explore. Whether you're looking to restore its charm, reimagine the layout, or build your dream home, the possibilities are endless. Enjoy the unbeatable location just a short stroll to Mimico's scenic waterfront, parks, trails, and Humber Bay Shores. Surrounded by vibrant cafes, restaurants, top-rated schools, and excellent transit options (the GO station is only 1 km away!), you'll love this area's convenience and community feel. This home is being sold as-is, where-is, with no representations, warranties, or guarantees. Buyer home inspections are welcome, and offers are being accepted anytime! Don't miss this rare opportunity to get into a sought-after neighbourhood with strong growth and lifestyle appeal. Your next project or future home starts here
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 26 Elma Street, Toronto W06, ON M8V 1X8
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 $798,000 in Toronto, the legal minimum down payment is $54,800 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 $12,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,435 also applies, bringing the total estimated land transfer taxes to $24,870.
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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.
