29 Orton Park Road, Toronto, ON
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Property Highlights
Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of Morningside. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $949,000 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 2 Bathrooms
- Generous living space spanning 700-1100 sqft on a premium 39.23 x 130 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Developers & Investors Attention !!! Rare development opportunity in Morningside ! A current detached residential property with rezoning approval for a ***Fourplex, offering an excellent turnkey development potential. The property is currently tenant-occupied with tenancy ending on April 30, 2026. This site is perfect for developers or investors looking to build a legal multiplex in a strong high demand rental market, or end-users build your custom dream home, close to schools, UT Scarb. Centennial, parks, transit, Hwy 401. Zoning approval secured, allowing for efficient planning and project preparation. seller can assist with building permit acquisition at an adjusted price, allowing for an even faster path to a ready-to-build site. Don't miss this chance to acquire a property with upside potential in a high-demand area. ***Seller has architectural drawings and all required documents ready for building permit application, subject to buyer's design additions or revisions. Current drawings propose a fourplex with rear garden suites. The main fourplex, including basement, is approximately 5,500 sq. ft., and the garden suite with basement is approximately 1,400 sq. ft. In total, the design includes 15 rooms, each with its own private bathroom. Two front parking spaces subject to approval, or buyer may rent two on-street parking permits from the City. *** The required permit for tree removal in the rear yard has been obtained.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 29 Orton Park Road, Toronto E09, ON M1G 3G2
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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 $949,000 in Toronto, the legal minimum down payment is $69,900 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 $15,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,455 also applies, bringing the total estimated land transfer taxes to $30,910.
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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.
