5 Penzance Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bendale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $998,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 51.1 x 125.83 ft lot size
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 5 Penzance Drive in Scarborough's Bendale community, a beautifully updated 3+1 bed, 2-bath home that perfectly combines modern features with classic charm. Inside, the upper level features new laminate flooring and baseboards, adding a fresh and cohesive look throughout. The bathrooms are adorned with elegant porcelain tiles, and laminate flooring extends throughout the home, creating a seamless and modern living environment. The fully renovated basement is a standout feature, boasting a new floor, an additional bathroom, and a kitchen, making it ideal for extended family living or rental income. The exterior of the home is equally impressive with a new patio and walkways, providing a perfect space for outdoor activities and relaxation. New gates lead to the backyard, offering privacy and security. Additional upgrades include the removal of the oil tank and the installation of a high-efficiency furnace for optimal comfort and energy efficiency, attic has been professionally insulated, and new eavestroughs with a leaf guard system have been added to improve maintenance and water management. A new electrical panel with fuse breakers has been installed for enhanced safety and convenience. The roof and upstairs bathroom have been recently renovated, ensuring both functionality and aesthetic appeal. This move-in-ready home offers a perfect blend of comfort, style, and functionality. Minutes to Scarborough General Hospital, Thompson Park, Charles Gordon Senior Public School, David & Mary Thompson Collegiate, Bendale Library, Scarborough Town Centre, Kennedy Subway Station, TTC and so much more!
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Pricing & Value Insights
Data-driven valuation for 5 Penzance Drive, Toronto E09, ON M1K 4Z4
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 $998,000 in Toronto, the legal minimum down payment is $74,800 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 $16,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,435 also applies, bringing the total estimated land transfer taxes to $32,870.
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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.
