48 Torrance Road, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Eglinton East. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,688,888 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.
- 5 Bedrooms and 6 Bathrooms with 2 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 58.98 x 140 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Accessory Apartment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This spacious and well-designed 5-bedroom, 6-bathroom home offers incredible value and room to grow. Featuring a grand double-door entrance, spiral oak staircase, and a bright skylight, the layout is both functional and impressive. With the basement apartment, this home offers excellent income potential or space for multi-generational living. You'll also find two laundry rooms, a walkout basement, and a second-floor rooftop patio. While it needs some updating, this is a fantastic opportunity to customize and add value to a truly unique home in a desirable location. Just 6 doors away from John McCrae Public School and an off-leash dog park, and a short walk to Eglinton GO Station, this home offers unmatched convenience for families and commuters alike.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 48 Torrance Road, Toronto E08, ON M1J 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 $1,688,888 in Toronto, the legal minimum down payment is $337,778 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 $30,253 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $30,253 also applies, bringing the total estimated land transfer taxes to $60,506.
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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.
