55 Bow Valley Drive, Toronto, ON

$829,999
MLS#:E8404744
3 beds
2 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This listing is no longer active (Sold)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 Backsplit 3 detached located in the coveted neighborhood of Morningside. Expertly crafted featuring premium brick and wood construction, this residence presents an exceptional opportunity offered at $829,999 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.

  • 3 Bedrooms and 2 Bathrooms
  • Premium 40.03 x 139.53 ft lot size
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient carport configuration
  • Notable attributes: Carpet Free, Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

A little slice of paradise in the city! Welcome to 55 Bow Valley Drive, a beautiful 3 bedroom, 2 bathroom back-split situated in a cozy, family friendly neighbourhood. Backing onto Morningside Park, this stunning home has all of the amenities and conveniences of the city while being submerged in the tranquility of nature. Owned by the same family for over 25 years, pride of ownership is extremely evident. Prepare dinner in the beautifully upgraded kitchen with custom maple cabinets, quartz countertops, backsplash and stainless steel appliances! Enjoy reading a book in the sun drenched living room with pot lights and access to the back deck overlooking the lushious ravine. Gleaming hardwood floors and gorgeous upgraded light fixtures can be found throughout the home elevating its appeal. Pamper yourself in the gorgeous fully renovated (2023) primary bathroom featuring a heated towel bar! Cozy up by the wood burning fireplace in the walk out basement with custom wooden shelves & ample storage. Host the most amazing BBQ's in your sprawling ravine, pie shaped lot. The large wrap around deck has been thoughtfully tiled to create a dry secondary outside space underneath, perfect for relaxing or entertaining. Take advantage of the quick & easy access to gorgeous bike trails that lead you right to the waterfront trail, extending to downtown Toronto or further east to the Durham Region. The adventures are endless! Don't miss the opportunity to own this gem of a home providing the perfect mix of city and nature, close to all major amenities, schools, parks, biking trails, restaurants and transit, this home has it all!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 13, 2024
Sold price information is available to members only
Listed Date6/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBacksplit 3
ConstructionBrick, Wood
BasementFinished with Walk-Out
Lot Size40.03 × 139.53 Feet
CountyToronto
Annual Tax$3,338.04
Legal DescriptionLT 39 PLAN 4888 S/T SC163591 SCARBOROUGH , CITY OF TORONTO

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeCarport

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Park, Public Transit, Ravine, Wooded/Treed, School

Interior Features

Carpet Free, Water Heater Owned

Security Features

Community Features

Location

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55 Bow Valley 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 55 Bow Valley Drive, Toronto E09, ON M1G 3J4

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$58,000 (7.0%)
* Minimum Canadian down payment required for this price is $58,000.
Amortization Period25 Years
Estimated Monthly Payment$4,600Based on a loan of $771,999 over 25 years.
Purchase Price$829,999
Loan Amount$771,999
Provincial Land Transfer Tax:$13,075
Toronto Municipal Land Transfer Tax:$13,075
Total Estimated Closing Taxes:$26,150

About Purchasing a Home in Toronto, ON

For a property listed at $829,999 in Toronto, the legal minimum down payment is $58,000 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 $13,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,075 also applies, bringing the total estimated land transfer taxes to $26,150.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

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

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$782,409

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

St Edmund Campion
Public30 Highcastle Road, Scarborough, Toronto, Ontario, M1E 4N1
6.9
St John
Public685 Military Trail, Scarborough, Toronto, Ontario, M1E 4P6
8.1
St Paul
Public685 Military Trail, Scarborough, Toronto, Ontario, M1E 4P6
5.8
St Thomas More
Public2300 Ellesmere Road, Scarborough, Toronto, Ontario, M1G 3M7
7.5
St Florence Catholic
Catholic101 Murison Boulevard, Scarborough, Toronto, Ontario, M1B 2L6
6.7

Secondary Schools

Woburn
Public2222 Ellesmere Road, Scarborough, Toronto, Ontario, M1G 3M3
5.6
West Hill
Public299 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3G1
4.9

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.