27 Old Kingston Road, Toronto, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of West Hill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,150,000 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.
- 0 Bedrooms and 2 Bathrooms
- Premium 120 x 253 ft lot size
- Convenient double detached garage included
- equipped with yes central cooling and highly efficient gas hot water heating
Description
Discover a Rare Commercial Treasure in the Heart of Scarborough! Unlock the potential of this distinctive, character-rich property offering over 4,000 sq. ft. of versatile space in a prime Scarborough location. Known as The Richardson House, this landmark property currently operating as a law office, dates back to the 1800s and proudly holds a Heritage Designation from the City of Toronto. Brimming with timeless charm and architectural elegance, the building masterfully blends historic detail with modern-day functionality. Nestled within a desirable Commercial Residential (CR) Zone, offering a wide variety of permitted uses including offices, medical centers, retail stores, financial institutions, day nurseries, places of worship, entertainment and more, making it an exceptional opportunity for investors, developers, and business owners alike. Set on an expansive 120' x 253' lot, the grounds offer redevelopment potential, ample onsite parking, a rare and valuable feature in such a central location plus stunning curb appeal, setting a grand tone for what lies within. Plus, take advantage of the Heritage Tax Rebate Program offered by the City of Toronto. Whether you're looking to preserve a piece of Toronto's heritage or transform it into your next visionary project, The Richardson House is truly an unmatched opportunity!
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Pricing & Value Insights
Data-driven valuation for 27 Old Kingston Road, Toronto E10, ON M1E 3J6
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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 $2,150,000 in Toronto, the legal minimum down payment is $430,000 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 $40,225 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $40,225 also applies, bringing the total estimated land transfer taxes to $80,450.
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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.
