38 Lorraine Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Willowdale West. Expertly crafted featuring premium stone construction, this residence presents an exceptional opportunity offered at $3,498,000 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.
- 7 Bedrooms and 7 Bathrooms with 2 functional kitchens
- Premium 60.07 x 126.16 ft lot size
- Features a finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to the epitome of modern luxury living in North York. This exquisite 5-bedroom custom home seamlessly combines contemporary design with premium finishes, setting a new standard for sophisticated elegance. The main living spaces showcase sleek, modern touches, while the fully finished basement transforms into an in-law suite, featuring a full kitchen for added convenience and versatility. Every detail of this home exudes style and comfort. This residence not only meets but exceeds the expectations of discerning homeowners seeking a blend of opulence and practicality in the heart of North York. Heated Floor in Master Ensuite and Basement. Spacious Basement Apartment with Full Kitchen, 2 Bedrooms, 2 Bathrooms, Laundry and Separate Walk-Up Entrance. Padded Area for Boat Parking in Backyard. 2 Furnace and 2 AC, Walking Distance to Yonge St, TTC and Library. **EXTRAS** 2 Furnace and 2 AC, Heated Floor Basement.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Cul de Sac/Dead End, Library, Park, School, Rec./Commun.Centre
Interior Features
Central Vacuum
Security Features
Community Features
Location
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 38 Lorraine Drive, Toronto C07, ON M2N 2E5
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 $3,498,000 in Toronto, the legal minimum down payment is $699,600 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 $73,925 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $73,925 also applies, bringing the total estimated land transfer taxes to $147,850.
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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.
