Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Mount Dennis. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $699,000 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 50 Brownville Avenue! A warm, inviting, and fully renovated detached bungalow offering the perfect blend of comfort, convenience, and income potential in a rapidly growing transit-oriented neighbourhood. Just steps to the Eglinton Crosstown LRT and within walking distance to shops, restaurants, supermarkets, transit, and everyday amenities, this home is ideal for both end users and investors. The main floor is bright and functional, featuring 2 bedrooms and 2 bathrooms, currently owner occupied and thoughtfully updated throughout. The lower level offers 2 self-contained bachelor apartments, each with its own private entrance, creating excellent rental flexibility. Currently operated as Airbnb rentals, the basement units generate approximately $3,000 per month. Extensive upgrades include high-efficiency heating, heated walkway, new roof, updated drywall, insulation, flooring, wiring, and plumbing. Additional features include circuit breakers, digital/number locks, surveillance cameras, shared laundry, and 2-car parking via laneway access. Vacant possession available on closing. A wonderful opportunity to live comfortably while generating income in a convenient and connected neighbourhood.
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Data-driven valuation for 50 Brownville Avenue, Toronto, ON M4N 4L3
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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 $699,000 in Toronto, the legal minimum down payment is $44,900 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 $10,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,455 also applies, bringing the total estimated land transfer taxes to $20,910.
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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.