487 Evans Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of Alderwood. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $999,000 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.
- 5 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 46 x 140 ft lot
- Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 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
Attention builders, investors, renovators! Welcome to 487 Evans Ave. In the Alderwood Area. Good size lot 46ft x 140ft, backing on Douglas Park. Zoning RM(u3*18). Existing home is a 1409 square foot, 3-level backsplit with 3+2 bedrooms, 2 washrooms, family room. Detached single car garage, private driveway to park 4 cars. Great Location walking distance to Alderwood Plaza, close to highways, Transit, Go Train, Buses, Sherway Gardens. 15 minutes to Pearson Int. Airport.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 487 Evans Avenue, Toronto W06, ON M8W 2V2
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 $999,000 in Toronto, the legal minimum down payment is $74,900 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 $16,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,455 also applies, bringing the total estimated land transfer taxes to $32,910.
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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.
