56 Wheeler Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of The Beaches. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $1,279,000 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 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 25 x 102 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: None
- Efficient forced air heating via gas
Description
Real estate always has been, and always will be, about location, location, location. Sitting only 25 doors from Queen, with Kew Gardens at the foot of the street, this home provides the walkable lifestyle that core to Beach Living, while set back far enough that there is no sign of the hustle & bustle while relaxing on your covered porch. Having provided the current owner with nearly 40 years of memories, it's time for the next family to take the reigns and re-imagine this charming home and bring it into 2025! With a nearly 300ft main floor family room addition, the home is an amazing canvas for your personal touch! Dreaming big? The home 2 doors down was recreated into a +2,500ft 3 storey custom home and recently sold to a wonderful local family. Whether building for yourself, or building to sell, the math paints a clear picture to profit.
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Pricing & Value Insights
Data-driven valuation for 56 Wheeler Avenue, Toronto E02, ON M4L 3V2
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 $1,279,000 in Toronto, the legal minimum down payment is $255,800 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 $22,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $22,055 also applies, bringing the total estimated land transfer taxes to $44,110.
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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.
