Welcome to this remarkable land located in the coveted neighborhood of West Hill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $7,900,000 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.
*Full address: 4240, 4244, 4246 Lawrence Avenue E & 1 Collinsgrove Road Toronto, ON M1E 2S6 & M1E 3S3. *See Schedule for full list of Legal Descriptions. Properties are being sold together. Property Tax is as follows: 4244 Lawrence Ave E - $3,231.43 | 4246 Lawrence Ave E - $3,331.37 | 1 Collinsgrove Road - $3,364.68. Toronto is enabling six-storey housing on major residential streets through Official Plan Amendment 727 and a corresponding Zoning By-law Amendment (By-law 608-2024), which were adopted in June 2024, though some aspects remain under appeal at the Ontario Land Tribunal. This policy change permits small-scale apartment buildings and townhouses up to six storeys along major streets in Neighbourhoods areas, aiming to increase housing supply by creating more mid-rise developments near existing transit and services.
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Public Transit, Recreation/Community Centre
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 4240* Lawrence Avenue, Toronto E10, ON M1E 2S6
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 $7,900,000 in Toronto, the legal minimum down payment is $1,580,000 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 $183,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $183,975 also applies, bringing the total estimated land transfer taxes to $367,950.
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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.