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Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Dovercourt-Wallace Emerson-Junction. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,100,000 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.
Welcome to 489 St. Clarens Avenue. A Prime Investment Opportunity in Dovercourt-Wallace Emerson Junction! This detached 2.5-storey home offers two self-contained units in one of Toronto's most dynamic and rapidly evolving neighbourhoods. Featuring 5 bedrooms, 2 bathrooms, and central air conditioning. The property is tenanted on a month-to-month basis, providing consistent income with strong potential for future growth. Zoned for flexibility, there's space to explore building a laneway house (subject to city approval), making this an excellent opportunity for end-users, investors, or multi-generational families looking to live in one unit and rent the other. Situated in the heart of the Dovercourt Junction Triangle, you're steps from Sugo, Donnas, the Geary strip, Galleria, Dufferin Mall, and Lansdowne Station, with quick access to Bloor and multiple transit options. Bonus features include a detached garage with 2 parking spots and on-demand hot water for modern comfort and efficiency. Whether you're looking to live, rent, or redevelop, this property is full of potential. Don't miss your chance to invest in a thriving west-end neighbourhood!
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Data-driven valuation for 489 St Clarens Avenue, Toronto W02, ON M6H 3W4
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 $1,100,000 in Toronto, the legal minimum down payment is $220,000 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 $18,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,475 also applies, bringing the total estimated land transfer taxes to $36,950.
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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.