261 Prescott Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Weston-Pellam Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $749,995 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 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 50 x 47.17 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Investors dream or First-Time Buyers gem! Welcome to this detached duplex in the vibrant Weston-Pellam community of Toronto! Situated on a rare double lot, this property is truly a unique find, offering both spacious living and income potential. The flexible duplex layout allows the new owner to enjoy a primary residence while benefiting from additional rental income to offset mortgage costs. The main level features a generous living and dining area, ideal for family gatherings, while the upper level offers three spacious bedrooms, including a primary ensuite. The lower level provides even more versatility with two additional bedrooms, a bathroom, kitchen and walk-out access perfect for creating a self-contained unit. This home is ready for your personal touch. With vision and updates, it can be transformed into a modern residence or a strong investment property in one of Toronto's growing neighborhoods. Steps to transit, parks, schools, and shopping, this property combines convenience with long-term value. Don't miss the chance to customize this home to your needs and make it truly yours! Beyond its current use, the double lot offers exciting possibilities for the future. Whether you envision expanding the existing home, creating a garden suite, or exploring redevelopment potential, this property opens the door to multiple opportunities.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 261 Prescott Avenue, Toronto W03, ON M6N 3G9
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 $749,995 in Toronto, the legal minimum down payment is $50,000 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 $11,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $11,475 also applies, bringing the total estimated land transfer taxes to $22,950.
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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.