291 Indian Road, Toronto, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of High Park-Swansea. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,098,000 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 50 x 77 ft lot size
- Efficient water heating via gas
Description
A rare opportunity to build on one of Toronto's most coveted streets in the heart of High Park-Swansea. This vacant 50 x 77 ft lot offers a genuine blank canvas in a neighborhood where the majority of existing homes are heritage-designated and cannot be redeveloped - making opportunities like this exceptionally hard to find. Located in Ward 4, Parkdale-High Park, the property falls within one of only nine wards in Toronto where up to six residential units are now permitted as-of-right under the City's updated zoning by-laws, with building potential of up to four storeys including basement. Up to four units are permitted as-of-right citywide. Development charges are waived for up to six units - a saving of over $200,000. No rezoning required. Buyers to conduct their own due diligence regarding applicable zoning standards and permitted uses. Previously prepared architectural and structural drawings by a Professional Engineer are available to qualified buyers, along with a topographic survey. Potential for a double-car garage. No parking minimums apply under current multiplex regulations. Steps to Roncesvalles Village, High Park, TTC subway access, and the waterfront. Catchment for Howard Junior Public School and Fern Avenue Junior and Senior Public School.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 291 Indian Road, Toronto W01, ON M6R 2X5
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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 $2,098,000 in Toronto, the legal minimum down payment is $419,600 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 $38,925 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $38,925 also applies, bringing the total estimated land transfer taxes to $77,850.
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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.
