40 Fern Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Roncesvalles. Expertly crafted featuring premium brick and other construction, this residence presents an exceptional opportunity offered at $1,799,000 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 18.75 x 132 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with wall unit(s) central cooling and highly efficient radiant heating via gas
Description
"A rarity in Roncy! This Melissa Davis designed home (from HGTVs Income Property) underwent a complete stud to stud overhaul. The long list of improvements includes new plumbing, electrical wiring, a 200 amp panel upgrade, spray foam insulation, sound proofing throughout AND a legal accessory basement apartment! The main/upper suite (measures over 1200 sqft) has an open concept entertaining/living space, comprised of well-equipped kitchen that includes quartz countertops and a gas stove. A powder room and laundry nook complete the space. Upstairs is home to 3 spacious bedrooms, complete with a custom-built closet in the primary bedroom. The separate basement apartment has its own private access at the rear of the home. Measuring in at over 620 sqft., it features a modern kitchen, complete with dishwasher and laundry, a 4 piece bathroom and spacious bedroom. Both units have walkouts to the spacious backyard. A large two car garage rounds out the home. Work completed with permits.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Fern Avenue, Toronto W01, ON M6R 1K1
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 $1,799,000 in Toronto, the legal minimum down payment is $359,800 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 $32,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $32,455 also applies, bringing the total estimated land transfer taxes to $64,910.
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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.