46 Ridge Hill Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Forest Hill North. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,899,000 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
- Premium 45 x 120 ft lot size
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Fantastic opportunity in the Upper Forest Hill Village! Live in this charming 4-bedroom home as isor choose to renovate or build your dream home in this highly sought after location. Rarely do opportunities arise on this street. The home features a traditional main floor layout, an elegant dining room, kitchen w/ a breakfast area, large living room w/ a cozy fireplace, & an extended family room. Step out to the backyard & experience the serene privacy & lovely greenery thisspacious 46'x120' lot provides. Accessible from one of the two staircases, the basement awaits yourpersonal touch w/ a sizeable rec room + B/I bar area, extended den, laundry room, & 2-pce bath.Phenomenally situated just minutes from top-rated schools, parks, shopping, restaurants, & transitw/ future LRT. Convenient 5 parking spots w/ an additional 1 car garage.
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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 46 Ridge Hill Drive, Toronto C04, ON M6C 2J4
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 $2,899,000 in Toronto, the legal minimum down payment is $579,800 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 $58,950 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $58,950 also applies, bringing the total estimated land transfer taxes to $117,900.
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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.
