Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Mimico. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,849,999 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.
Welcome to 41 Algoma Street - Newly Constructed, Never-lived-in home situated on a thoughtfully redeveloped lot, offering modern comfort, generous space, and exceptional versatility. This expansive residence features 9-foot ceilings on the main floor, enhancing a beautifully designed layout that seamlessly blends everyday living with elegant entertaining. Enjoy a bright and inviting living room, a spacious family room, a formal dining area, and a sun-filled breakfast space. Large windows throughout flood the home with natural light, creating a warm and welcoming atmosphere. With 4 generously sized bedrooms and 5 well-appointed washrooms, this home is perfectly suited for families of all sizes. Each space is designed with comfort and functionality in mind. A beautifully finished basement featuring a self-contained secondary suite with a separate entrance and private laundry. Boasting impressive 10-foot ceilings, this bright and spacious area ideal for In-Law living or generating additional rental income. Located in a highly desirable and convenient neighborhood, the home is surrounded by top-rated schools, making it an excellent choice for families. Commuters will appreciate easy access to major highways and transit routes. Nature lovers will enjoy being just minutes from Humber Bay Park and Park Lawn Park, perfect for walking, cycling, and outdoor activities. Everyday essentials, shopping, and dining are all close at hand along the vibrant Queensway corridor, making daily living both convenient and enjoyable. This home presents a rare opportunity to own a thoughtfully designed, move-in-ready property in an outstanding location. This home also comes with an approved permit for a Garden Suite, offering future potential for additional living space, extended family accommodation, or supplemental rental income. 100A ,240 V electrical rough-in has been installed from main panel to the rear of the property, for a future Pool, Hot tub, or Heavy -Duty equipment in the shed.
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Fenced Yard, Park, Place Of Worship, Public Transit, School
Auto Garage Door Remote, Built-In Oven, Carpet Free, Central Vacuum, Countertop Range, ERV/HRV, In-Law Suite, Sump Pump, Water Heater
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This could be the first listing for this address.
Data-driven valuation for 41 Algoma Street, Toronto, ON M8Y 1C4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $1,849,999 in Toronto, the legal minimum down payment is $370,000 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 $33,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $33,475 also applies, bringing the total estimated land transfer taxes to $66,950.
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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.