55 Cornwallis Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Dorset Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $859,000 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
- Generous living space spanning 1100-1500 sqft on a premium 45 x 117 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 55 Cornwallis Drive, a charming 3 Bedroom bungalow located in sought after Dorset Park! This lovely family home is nestled on a quite street, sits on a generous 45 x 117 ft lot, backs onto a park and is steps away to Dorset Park PS. This 3 bedroom, 1.5 bathroom home features a living room and dining room with new flooring throughout main floor and kitchen. The main floor has been freshly painted, has a 4-Piece bathroom, and offers an abundance of natural light. This all-brick home includes a single car garage and a car port, large backyard, large driveway and a separate side door entrance leading to basement which allows for rental income potential. The basement offers a family room, a recreation room, 2-piece bathroom, and laundry room. Great home for first-time homebuyers, downsizers or investors looking to update, renovate or personalize. Property is being sold in "as-is, where is condition". Conveniently located to parks, schools, shopping, amenities, public transit, and close 401.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 55 Cornwallis Drive, Toronto E04, ON M1P 1H6
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 $859,000 in Toronto, the legal minimum down payment is $60,900 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 $13,655 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,655 also applies, bringing the total estimated land transfer taxes to $27,310.
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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.
