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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of West Hill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $980,000 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.
Welcome to this lovely home situated in a highly sought-after Scarborough neighborhood, just minutes from the lake. Offering the perfect blend of comfort and convenience, this home is close to excellent schools, beautiful parks, a variety of restaurants, shopping, major highways, and public transit - making it an ideal choice for families and commuters alike. As you enter, you'll be greeted by a bright and expansive veranda with large windows flooding the space with natural light - a perfect spot to enjoy your morning coffee or unwind in the evening. The main floor features a generously sized living and dining area, ideal for entertaining family and friends. A cozy family room with a wood-burning fireplace adds warmth and charm, while a patio door leads to a covered deck, seamlessly extending your living space outdoors. The large, level backyard offers endless possibilities for gardening, outdoor activities, or future projects. A convenient three-piece bathroom completes the main floor. Upstairs, you'll find three spacious bedrooms, each offering comfort and ample storage. The primary bedroom features direct access to a four-piece bathroom, which is also accessible from the hallway. A highlight of this room is the large patio door leading to a potential balcony - ready to be finished to your taste. The fully finished basement adds incredible value to this home, featuring a separate entrance, a second kitchen, a living room, a bedroom, and a full bathroom - making it an ideal in-law suite or potential rental space. A large cold room provides additional storage. The backyard is a true standout, offering an expansive and level space that can be transformed to suit your vision. A large, well-built shed presents exciting opportunities as a workshop, extra storage, a potential secondary suite, or a stylish he/she shed. It has built-in support for a possible garage door. Additionally, the garage has been modified to allow for extra storage, a feature many will appreciate.
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School, Public Transit, Fenced Yard, Level, Park, Library
Carpet Free, In-Law Capability
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 56 Homestead Road, Toronto E10, ON M1E 3R9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $980,000 in Toronto, the legal minimum down payment is $73,000 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 $16,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,075 also applies, bringing the total estimated land transfer taxes to $32,150.
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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.