498 Plains Road, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of East York. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $949,000 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.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 36.67 x 100 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with wall unit(s) central cooling and highly efficient radiant heating via other
Description
Welcome to 498 Plains Rd, a well-maintained detached bungalow in one of East York's most sought-after family-friendly neighbourhoods. Situated on a beautifully landscaped lot, this charming home features 3 spacious bedrooms on the main floor, an updated bathroom, and a bright, functional layout ideal for families, downsizers, or investors alike. The separate side entrance provides excellent basement rental potential, offering flexibility for multi-generational living, additional living space, or future income opportunities. Outside, pride of ownership is evident with lush front and rear lawns supported by an underground irrigation system, helping keep the property looking its best throughout the season. Located just minutes from excellent schools, parks, shopping, restaurants, community amenities, and convenient public transit, this home offers the perfect balance of neighbourhood charm and urban accessibility.
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Pricing & Value Insights
Data-driven valuation for 498 Plains Road, Toronto, ON M4C 2Y8
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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 $949,000 in Toronto, the legal minimum down payment is $69,900 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 $15,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,455 also applies, bringing the total estimated land transfer taxes to $30,910.
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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.
