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Welcome to this remarkable Other detached located in the coveted neighborhood of North Riverdale. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,439,000 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 506 Pape Avenue, a stunning, impeccably upgraded detached home nestled in the heart of Riverdale, one of Toronto's most sought-after family-friendly neighbourhoods. Surrounded by great schools, reliable transit, and a warm, welcoming community, this amenity-rich location is just steps from the scenic Withrow Park. This spacious 4+1 bedroom, 3-bathroom home offers a rear laneway-accessed carport and generous, thoughtfully designed modern living space, including a fully finished basement with high ceilings, unlike many homes in the area, adding a valuable, versatile living space. Step inside to discover an open-concept main floor with high ceilings, hardwood flooring, pot lights, and a cozy gas fireplace in the living room. The modern kitchen features stainless steel appliances, a breakfast bar, and a walk-out to a private and fully fenced patio and carport. The second floor offers three well-sized bedrooms with closets and a 4PC bathroom, while the third floor is dedicated to a primary suite with a 3PC ensuite and generous closet space. Downstairs, the finished basement includes a rec room that could be used as an extra bedroom or guest suite, a flexible space for a home office, a laundry room with sink, a 3PC bathroom, and storage space. Enjoy the outdoors with a professionally landscaped front yard, a custom-designed welcoming porch, and a spacious patio, both enhanced with black flamed granite accents, plus a garden shed for extra storage and a convenient garbage shed. The covered carport provides one parking spot, with potential for two. Located just steps from Withrow Park, you're also a drive away from downtown and the scenic Woodbine Beach, and the vibrant charm of Leslieville, close to the shops, cafes, and restaurants of Danforth and Pape Village, this home also offers excellent TTC access with nearby bus, streetcar, and subway connections. 506 Pape Avenue is a perfect place to call home!
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Data-driven valuation for 506 Pape Avenue, Toronto E01, ON M4K 3R2
Based on 0 recent similar sales in the pocket.
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 $1,439,000 in Toronto, the legal minimum down payment is $287,800 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 $25,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $25,255 also applies, bringing the total estimated land transfer taxes to $50,510.
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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.