5 Laxis Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Mount Dennis. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $748,800 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 49.83 x 75 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Turn-key and full of potential, this bright, move-in-ready home sits on a rare wide-frontage lot tucked away on a quiet street in one of Toronto's most connected and up-and-coming neighbourhoods. The open-concept main floor offers spacious living spaces, updated vinyl flooring, a fireplace, and a kitchen with a walkout to the backyard. Newer major mechanical upgrades provide peace of mind, while the large full-sized basement with a separate walk-up entrance and kitchen rough-in opens the door to potential rental income or multi-generational living. An expansive private driveway accommodates ample parking. Ideally situated within walking distance to the Mount Dennis LRT and GO/UP Express stations, offering exceptional transit connectivity with multiple TTC bus routes nearby. This prime location is just minutes from parks, schools, shopping, and a wide range of amenities, making it an ideal choice for both families and commuters. Preliminary Multiplex & Garden Suite Report Available.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5 Laxis Avenue, Toronto W04, ON M6M 2K6
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 $748,800 in Toronto, the legal minimum down payment is $49,880 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 $11,451 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $11,451 also applies, bringing the total estimated land transfer taxes to $22,902.
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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.
