2777 Danforth Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of East End-Danforth. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,700,000 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 0 Bathrooms
- Premium 67 x 106.04 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Own your corner. 2777 Danforth Avenue & 31 Dawes Road (both lots sold together) offers an owner-user, investors, and developers the rare ability to occupy a prominent ground-floor commercial space on Danforth Avenue while collecting income from five individual residential rental units on the second floor, all on a single freehold, corner-positioned lot. The Property comprises two freestanding buildings totalling 7,451 SF above grade on a 9,785 SF lot (0.192 ac) with 67-109 ft of combined street frontage and large private parking. Zoned CR 3.0, the Property supports a wide range of commercial uses as-of-right. For buyers with a medium-to-long term horizon, the site sits within the provincially designated MTSA boundary. The site benefits from mandated density permissions of FSI 6.0+ and building heights up to 20 storeys- ideal for future missing middle, laneway, or high-rise intensification. Legal Description for 31 Dawes Road: PT LT 22 PL 748 TORONTO (EAST TORONTO); PT LT 23 PL 748 TORONTO (EAST TORONTO); PT LT 24 PL 748 TORONTO (EAST TORONTO); PT LT 25 PL 748 TORONTO (EAST TORONTO); PT LT 26 PL 748 TORONTO (EAST TORONTO) AS IN CT200654; TORONTO , CITY OF TORONTO
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Pricing & Value Insights
Data-driven valuation for 2777 Danforth Avenue, Toronto E02, ON M4C 1M1
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 $5,700,000 in Toronto, the legal minimum down payment is $1,140,000 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 $128,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $128,975 also applies, bringing the total estimated land transfer taxes to $257,950.
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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.
