282 Westlake Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Woodbine-Lumsden. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,249,000 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.
- 3 Bedrooms and 0 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 25 x 131.5 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- Efficient other heating via other
Description
ATTENTION BUILDERS & INVESTORS!!! Shovel-Ready 4+1 Multiplex Conversion At 282 Westlake Ave In Toronto's Sought-After Woodbine-Lumsden Pocket. All Building Permits Issued And Paid For A 3-Storey, 4-Unit Residential Multiplex (Front & Rear Additions + Third Storey) Plus A Separate 2-Storey Garden Suite (2-Bed + Den) At The Rear. Five Self-Contained 2 Bedroom or Larger Residential Units. Interior Demolition Is Complete And Exterior Excavation Has Begun. This Is Not A Concept Or A Proposal, It's A Fully Permitted Project Ready To Go!. Approved Plans Deliver A 2-Bedroom Basement Unit, Three Large 2-Bedroom Units On The Main, Second And Third Floors, And A Standalone 2 Bedroom + Den Garden Suite. Located Just A 15-Minute Walk To Woodbine Station , With Strong Rental Demand And Excellent Tenant Profile. Current Projections Estimate An NOI Of Approximately $140k/Year Upon Completion. ***AI Generated Rendering Photo Shows Potential Finished Product
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 282 Westlake Avenue, Toronto E03, ON M4C 4T6
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 $1,249,000 in Toronto, the legal minimum down payment is $249,800 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 $21,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $21,455 also applies, bringing the total estimated land transfer taxes to $42,910.
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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.
