290 Morningside Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable land 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 $2,400,000 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
- Spacious lot size measured in Feet
Description
Prime development opportunity in a high-exposure Scarborough node. Property to be severed prior to closing, offering approximately 0.73 aces at the intersection of Kingston Rd, Morningside Rd & Lawrence Avenue E. Located in a rapidly evolving corridor surrounded by dense residential communities and strong retail presence. Steps to major transit routes with seamless connectivity across the east end and into the downtown core. Immediate access to a full range of amenities including shopping centres, restaurants, and everyday conveniences. Preliminary concedpts anticipate approximately 82,000 sq ft of gross floor area across an 8-storey mid-rise building, presenting a compelling scale for ubran infill development. Ideal for residential, mixed-use, or purpose-built rental formats, subject to municipal approvals. A rare opportunity for developers and land bankers seeking a strategic infill site with strong long-term growth fundamentals.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 290 Morningside Avenue, Toronto E10, ON M1E 3E9
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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 $2,400,000 in Toronto, the legal minimum down payment is $480,000 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 $46,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $46,475 also applies, bringing the total estimated land transfer taxes to $92,950.
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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.
