53 Cordella Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Rockcliffe-Smythe. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $699,999 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.
- 4 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 25 x 120 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Great investment opportunity @ 53 Cordella Ave. This fully detached home is an income-generating property featuring 3 separate suites. A spacious 2-bedroom basement unit with a separate entrance plus bright 1-bedroom unit on the main and second floors. All units are currently tenanted with very reliable tenants who would love to continue staying, bringing a total monthly income of $4435 plus each pays 35% of utilities and. Separate coin laundry at the back of the house. Situated in a very convenient location, steps from transit, minutes to new Eglinton LRT, offers quick access to major highways, parks, schools, shopping, and dining. It's an ideal option for investors or end-users looking to live in one unit while renting out the others.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Other, Park, Public Transit, Ravine, School
Interior Features
Carpet Free
Security Features
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 53 Cordella Avenue, Toronto W03, ON M6N 2J7
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 $699,999 in Toronto, the legal minimum down payment is $45,000 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 $10,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,475 also applies, bringing the total estimated land transfer taxes to $20,950.
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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.
