298 Lumsden Avenue, Toronto, ON

$849,000
MLS#:E9258288
3 beds
2 baths
1.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Woodbine-Lumsden. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,000 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
  • Premium 25 x 100 ft lot size
  • Features a partially finished, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Come Make Yourself At Home. ~ This newly refreshed home with legal front pad parking is a real gem. On the main floor is the south-facing living room and the dining room, the fresh and efficient kitchen that was renovated in 2020, a quiet main floor bedroom off on its own, and a sitting room in back offering a calm get-away space. Most main floor windows have been updated to double pane casement windows. ~ Upstairs are two bedrooms and the family washroom. The Primary bedroom has a fabulous surprise walk-in closet with an abundance of storage. ~ The 6'10" finished basement offers a large room to use as your heart desires, a powder room, and a laundry and utility room. There is also a large outbuilding with huge potential. ~ The benefits of the community are numerous! In addition to great schools in the immediate area, the hospital is straight out on Lumsden>Mortimer. The famed Oak Park Deli is at the corner and the ever-popular Old's Cool General Store is just a block away. 15 min walk to the Main subway and GO train, then an 11 min ride to Union Station, and shops on Danforth are all within easy walking distance. The Beach and beaches are a bike ride or quick car ride away. ~ Stan Wadlow Park is the perfect activity park for kids with a playground for the littles, the East York Skatepark, baseball diamonds, and a fenced-in off leash dog park. Taylor Creek Park, which offers trails for cycling, jogging, dog walking, cross-country skiing, adventuring, and more, is an 8 min walk. ~ What's not to love?! Welcome Home. Offers Aug 19 @ 7p.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 26, 2024
Sold price information is available to members only
Listed Date8/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionBrick
BasementPartially Finished, Finished
Lot Size25 × 100 Feet
CountyToronto
Annual Tax$3,698.04
Legal DescriptionPT LT 354 PL 1770 TWP OF YORK AS IN TB188416; S/T & T/W TB188416; TORONTO (E YORK) , CITY OF TORONTO

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Hospital, School, Ravine, Public Transit, Library

Interior Features

Carpet Free

Security Features

Community Features

Location

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298 Lumsden Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 298 Lumsden Avenue, Toronto E03, ON M4C 2L1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$59,900 (7.1%)
* Minimum Canadian down payment required for this price is $59,900.
Amortization Period25 Years
Estimated Monthly Payment$4,702Based on a loan of $789,100 over 25 years.
Purchase Price$849,000
Loan Amount$789,100
Provincial Land Transfer Tax:$13,455
Toronto Municipal Land Transfer Tax:$13,455
Total Estimated Closing Taxes:$26,910

About Purchasing a Home in Toronto, ON

For a property listed at $849,000 in Toronto, the legal minimum down payment is $59,900 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 $13,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,455 also applies, bringing the total estimated land transfer taxes to $26,910.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,165,432

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.