55 Medford Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Oakridge. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $679,000 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 1100-1500 sqft on a premium 44 x 118 ft lot
- Features a partially finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A charming 1 + 1/2 storey detached home set on a standout 44' x 118' lot (one of the largest lots in the neighbourhood!) With a private driveway that fits up to five cars and a deep grassy backyard, there's real space here to enjoy now and grow into over time (maybe a garden suite or addition?) The home is functional and move-in ready, with room for those who want to make it their own. Two bedrooms and two bathrooms above grade (including the hard to find main floor powder room!) This offers a practical layout for everyday living. A separate entrance leads to the lower level, where a mini kitchen, 3-piece bathroom, and two additional bedrooms are already in place. Ideal for extended family, rental potential, or adaptable living space depending on your needs. The location keeps things easy. You're about five minutes to Victoria Park or Warden subway and the Scarborough GO, close to Warden Woods Park, the Toronto Hunt Club, and not far from the Scarborough Bluffs. A solid home, ready for its next chapter - flexibility today and opportunity for the future! *EXTRAS* Roof (2017), Backflow Preventer/updated city sewage plumbing (2019), S/S fridge (2021), Dishwasher (2023), Hot Water Tank (2024), Furnace (2026)
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Pricing & Value Insights
Data-driven valuation for 55 Medford Avenue, Toronto E06, ON M1L 4G3
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 $679,000 in Toronto, the legal minimum down payment is $42,900 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 $10,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,055 also applies, bringing the total estimated land transfer taxes to $20,110.
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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.
