50 Phillip Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Birchcliffe-Cliffside. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,000 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
- Premium 35 x 125 ft lot size
- Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Wheelchair Access, Water Heater Owned, Central Vacuum
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Are you looking for a renovated turn-key brick bungalow with low taxes in a quiet neighborhood, close to great schools, and a short walk to shopping, parks, TTC, and GO transit?You will love this meticulously maintained home, which features central air conditioning, a gas fireplace, hardwood and heated porcelain floors, a walkout to a covered cedar deck, and a basement walkout to a large interlocking stone patio.There is a newly constructed one-bedroom basement suite with 2 private entrances, including a walkout to the backyard. The private backyard also features a large garden shed with a loft, an oversized 30'x15.5' garage with 10-foot ceilings, hydro, and an insulated garage door. This could easily be converted to a garden suite to generate a substantial monthly income.The interlocking stone driveway can accommodate five cars plus two more cars in the garage.Some of the recent renovations include a new roof, new windows, upgraded insulation, a high-efficiency furnace, A/C, hot water tank, smart thermostat and lighting, electrical, plumbing, and drains with a backwater valve for sewer backup protection. Building permits were obtained for HVAC, plumbing, and electrical.If you have a family member, friend, or loved one with mobility issues, this home has an electric vertical platform lift seamlessly integrated into the front covered porch, which can accommodate people with or without a wheelchair or a walker.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Wheelchair Access, Water Heater Owned, Central Vacuum, Upgraded Insulation, Primary Bedroom - Main Floor
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Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 50 Phillip Avenue, Toronto E06, ON M1N 3P9
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 $899,000 in Toronto, the legal minimum down payment is $64,900 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 $14,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $14,455 also applies, bringing the total estimated land transfer taxes to $28,910.
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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.
