52 Montcalm Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Briar Hill-Belgravia. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,000 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
- Generous living space spanning 700-1100 sqft on a premium 25 x 125 ft lot
- 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 built-in configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover a Prime Investment opportunity with this 2 unit raised brick bungalow, perfectly situated in the Designer District, featuring separate entrances for each apartment. This property offers the potential for immediate rental income, or future redevelopment, featuring two distinct living spaces each with its own character. This bungalow is an ideal choice for investors seeking to capitalize on the growing demand for multifamily homes. Whether you envision enhancing the existing units or exploring a future build, this property promises versatility, and value in a thriving community. The main floor apartment showcases, two spacious bedrooms, each featuring hardwood floors and generous double closets. The second bedroom includes a private walkout to a charming deck, perfect for enjoying the morning sunshine or relaxing in the evening. Open concept living room and dining room areas are designed for a bright and airy feel enhanced by timeless hardwood flooring and large windows with elegant wood shutters. The modern kitchen is equipped with a double sink, ceramic tile floor and ample cupboard space. All Appliances are included. The main floor offers a five piece washroom with a spa jet tub and double sinks. The lower level apartment offers two bedrooms, three piece washroom and a kitchen with an open concept living room and above grade windows. The current tenant in the lower level is willing to remain currently paying $1380/month + 185$ for the utility bills. The main floor tenant pays 2450/month + 50% of the utilities, Both month to month. The child safe backyard is fully fenced offers a spacious deck, built in garage and private drive with three parking spots for convenience. Located in a family friendly neighbourhood in the Designer district, close to all amenities, park schools and walking distance to the Eglinton subway. This raise bungalow is not just a home. - It's an investment in your future.
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Pricing & Value Insights
Data-driven valuation for 52 Montcalm Avenue, Toronto W04, ON M6E 4N7
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 $799,000 in Toronto, the legal minimum down payment is $54,900 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 $12,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,455 also applies, bringing the total estimated land transfer taxes to $24,910.
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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.