49 Jerome Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of High Park North. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,830,000 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.
- 9 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 20 x 116 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, In-Law Suite, Carpet Free
- equipped with window unit(s) central cooling and highly efficient radiant heating via gas
Description
Welcome to a great investment opportunity nestled in the sought-after family-friendly enclave of High Park North. This legal 4-plex stands out with its recently spruced up curb appeal, offering a blend of classic charm and functionality, with its high ceilings, big windows and attractive floor plan. Set on a tree-lined street in a highly desirable and connected west Toronto pocket, this property is perfectly positioned near a range of amenities, top-rated schools, and vibrant community spots. Currently, three of the units are occupied at strong market rents, while the fourth unit, previously used personally by the sellers, is ready for immediate rental. The entire building has been carefully updated over the years, with significant upgrades including modernized electrical systems, an underpinned basement, a five-year-old roof, and a completely rebuilt front porch and upper deck. Each apartment has also seen thoughtful updates, enhancing both comfort and appeal. Good cap rate of around 5.0%. - { Bsmt 1Bed 686 sqft | Main flr 3bed 928sqft | 2nd flr 3Bed 867 sqft | 3rd Flr 1bed 752sqft } Fully underpinned and Waterproofed basement w 8ft ceiling, fully updated electrical.
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Separate Hydro Meter, In-Law Suite, Carpet Free
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Pricing & Value Insights
Data-driven valuation for 49 Jerome Street, Toronto W02, ON M6P 1H8
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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 $1,830,000 in Toronto, the legal minimum down payment is $366,000 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 $33,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $33,075 also applies, bringing the total estimated land transfer taxes to $66,150.
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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.
