319 Centennial Road, Toronto, ON
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Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Centennial Scarborough. Expertly crafted featuring premium wood and stone construction, this residence presents an exceptional opportunity offered at $1,447,000 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.
- 4 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 100.16 x 207.92 ft lot
- Features a partially finished, partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater, Water Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A Rare Gem in Scarborough's Centennial Area. Nestled in one of Scarborough's most sought-after neighbourhoods, this charming Cape Cod-style 1 1/2-storey home, built in 1949, offers developers and discerning homeowners a unique opportunity. Since its construction, this residence has been built and owned by the same family, ready for a new chapter. What truly sets this property apart is its rare 100-ft by 207-ft lot, offering boundless potential. With ample space for expansion or redevelopment, this property is ideal for building a luxury home or multi-unit dwellings such as a duplex, triplex, or even a four-plex. You also have the added possibility of adding a garden suite for additional rental income or living space. Alternatively, the lot can be severed, doubling the opportunity for investors or developers looking to maximize their returns. Whether you're looking to renovate and make this home your own or seize the potential for future growth, this property is a genuine diamond in a prime location. Don't miss out on this exceptional opportunity!
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Pricing & Value Insights
Data-driven valuation for 319 Centennial Road, Toronto E10, ON M1C 2A4
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 $1,447,000 in Toronto, the legal minimum down payment is $289,400 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 $25,415 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $25,415 also applies, bringing the total estimated land transfer taxes to $50,830.
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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.
