38 Balsam Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of The Beaches. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $4,395,000 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.
- 6 Bedrooms and 5 Bathrooms
- Premium 37.4 x 118.5 ft lot size
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Built-In Oven, Central Vacuum, Floor Drain
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This home represents ultimate Beach living! Nestled between the beach and Queen St E, just steps from the Boardwalk and surrounded by lush, mature trees. This luxury home has been beautifully renovated in 2015-2016! Walk up to the welcoming front porch to the grand entryway, the main floor flows seamlessly through the spacious principal rooms and beautiful chef's kitchen, amazing original wood burning fireplace from 1905 in the front living room has been perfectly restored and WETT Certified. Walk-out to the back deck and serene, landscaped backyard with shed and 5 person flair hot tub. Primary bedroom has ample storage space with two walk-in closets, 5-piece ensuite, 2 way gas fireplace and balcony. The finished basement welcomes endless possibilities with separate gym area, office, bedroom, dog wash room and rec room. Soaring 10ft ceilings on main and second, rough-in for elevator servicing all three levels and 2 car parking! This home has it all!
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Interior Features
Built-In Oven, Central Vacuum, Floor Drain, Sauna
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 38 Balsam Avenue, Toronto E02, ON M4E 3B4
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 $4,395,000 in Toronto, the legal minimum down payment is $879,000 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 $96,350 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $96,350 also applies, bringing the total estimated land transfer taxes to $192,700.
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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.
