503 Riverside Drive, Toronto, ON

$2,679,000
MLS#:W11971849
5 beds
4 baths
3.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Lambton Baby Point. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,679,000 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.

  • 5 Bedrooms and 4 Bathrooms
  • Premium 40 x 125.56 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: Floor Drain, Guest Accommodations, In-Law Capability
  • equipped with central air central cooling and highly efficient radiant heating via gas

Description

Welcome to 503 Riverside Drive, a grand home in the desirable Baby Point/Lambton area. On a generous 40 X 125 ft lot and exquisitely updated with over 3000 sq ft of finished living space, this is the perfect family home. The main floor features an oversized living room with a traditional wood burning fireplace and a large dining room perfect for entertaining. The chefs kitchen with stainless steel appliances and granite counter tops leads directly into a spacious family room overlooking the large, mature private garden a seamless blend of indoor and outdoor living. The second-floor features 4 bedrooms, a large family bathroom and the indulgent primary suite with spa-like bathroom with soaker tub and separate shower. The fully finished full height basement ensures plenty of room for the whole family. Generous 3 car private drive parking complete this amazing, family home. And what about the location? Steps to Old Mill & Jane St subway stops, Etiene Brule Park, walking trails, bike paths, Bloor West & the Kingsway, great schools, & all major transportation arteries you are literally in the heart of it all!

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 11, 2025
Sold price information is available to members only
Listed Date2/13/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Stucco (Plaster)
BasementFinished
Lot Size40 × 125.56 Feet
CountyToronto
Annual Tax$10,693.57
Legal DescriptionPT LT 46-47 PL 2497 TWP OF YORK AS IN TB203123; TORONTO (YORK) , CITY OF TORONTO

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeRadiant
CoolingCentral Air

Features

Property Features

Interior Features

Floor Drain, Guest Accommodations, In-Law Capability, On Demand Water Heater, Separate Hydro Meter, Water Meter, Workbench

Security Features

Community Features

Location

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503 Riverside Drive, Toronto, ON
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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 503 Riverside Drive, Toronto W02, ON M6S 4B6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$535,800 (20.0%)
* Minimum Canadian down payment required for this price is $535,800.
Amortization Period25 Years
Estimated Monthly Payment$12,772Based on a loan of $2,143,200 over 25 years.
Purchase Price$2,679,000
Loan Amount$2,143,200
Provincial Land Transfer Tax:$53,450
Toronto Municipal Land Transfer Tax:$53,450
Total Estimated Closing Taxes:$106,900

About Purchasing a Home in Toronto, ON

For a property listed at $2,679,000 in Toronto, the legal minimum down payment is $535,800 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 $53,450 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $53,450 also applies, bringing the total estimated land transfer taxes to $106,900.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Lambton Baby Point, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,956,735

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

James Culnan
Public605 Willard Avenue, York, Toronto, Ontario, M6S 3S1
6.3
Runnymede
Public569 Jane Street, York, Toronto, Ontario, M6S 4A3
7.7
St Pius X
Public71 Jane Street, Toronto, Ontario, M6S 3Y3
8.3
St James
Public230 Humbercrest Boulevard, York, Toronto, Ontario, M6S 4L3
7.9
St Cecilia
Public355 Annette Street, Toronto, Ontario, M6P 1R3
8.1

Secondary Schools

Runnymede
Public569 Jane Street, York, Toronto, Ontario, M6S 4A3
4.0
Western
Public125 Evelyn Crescent, Toronto, Ontario, M6P 3E3
6.8
Ursula Franklin
Public146 Glendonwynne Road, Toronto, Ontario, M6P 3J7
9.7
Humberside
Public280 Quebec Avenue, Toronto, Ontario, M6P 2V3
9.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.