56 Rayside Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Markland Wood. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,599,000 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 5 Bathrooms
- Premium 44.3 x 115 ft lot size
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Run to Rayside to see this Gorgeously Renovated Bungalow in Highly Sought-After Markland Wood Community! Gutted to the studs, this meticulously finished 4 bed, 5 bath bungalow boasts quality craftsmanship and modern elegance. The open concept main floor features a chefs kitchen w/ high quality appliances & quartz countertops. A gas fireplace connects the living & dining areas with a warm ambiance. Oak Wirebrushed Hardwood flooring is complemented by large windows that offer tons of natural light! Each bedroom has its own ensuite bath and custom closet. All interior doors are custom 8 ft of solid wood. Both floors feature over 9 ft ceilings thanks to the underpinned basement. The lower level doubles the square footage and features Vinyl flooring. Includes a large multifunctional space that can be used as a family room, office, kids playroom, or gym. The separate entrance & roughed-in kitchen also allow for a potential basement apartment. Situated on a corner lot, with brand new interlocking brick and attached garage, the beautiful timber pergola can be covered in the winter to provide for additional protected parking. Fence is currently being built to enclose yard for outdoor enjoyment and entertaining.
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Pricing & Value Insights
Data-driven valuation for 56 Rayside Drive, Toronto W08, ON M9C 1S8
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 $1,599,000 in Toronto, the legal minimum down payment is $319,800 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 $28,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $28,455 also applies, bringing the total estimated land transfer taxes to $56,910.
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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.
