55 Jersey Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,230,000 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.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 17 x 120.5 ft lot
- Features a finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Over $300K completely renovated, cozy and affordable detached home in Little Italy, offering approx. 2,000 sq ft of total living space. On-street parking available by application. 3-way exposure with a fully enclosed porch that functions as a spacious sunroom. Floor-to-ceiling high-gloss kitchen cabinetry, primary bedroom with a 4-piece ensuite, and a modern glass railing staircase. The higher-ceiling basement features a sun-filled walk-up entrance, a 3-piece full bath with a frameless glass shower, and two additional good-sized bedrooms. New central air conditioning and newer furnace. Extensive professional landscaping and exterior upgrades include all new entry doors and windows, a new stucco foundation and concrete patio, two new stone staircases with iron railings, two new stone flower beds with a long retaining wall, newly laid sod and fence gate, plus a new roof, eavestroughs, fascia, and soffit..
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 55 Jersey Avenue, Toronto C01, ON M6G 3A4
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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 $1,230,000 in Toronto, the legal minimum down payment is $246,000 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 $21,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $21,075 also applies, bringing the total estimated land transfer taxes to $42,150.
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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.
