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Welcome to this remarkable 2-Storey condo townhouse located in the coveted neighborhood of University. Expertly crafted featuring premium stone and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,349,900 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.
This modern home, built in 2007, offers the best of both worlds, like a freehold and with just one party wall, but with the convenience of a condo with low maintenance fees ($0.24/sq ft). Homes in this exclusive 5-unit condo complex are rarely available, making this bright and spacious corner townhouse a must-see! Tucked away at the back of the complex for maximum privacy, Unit 5 boasts nearly 3,200 sq ft of living space, including 4 large bedrooms, 4 bathrooms, and 3 outdoor spaces. The open-concept main level is perfect for entertaining, with 9-foot ceilings, crown moldings, and a seamless flow between living, dining, and kitchen areas. Modern comforts include in-floor radiant heating throughout, central AC, and heat pumps for second-level climate control. Outdoor living is a highlight with two gas lines, one in the professionally landscaped backyard with flagstones and garden for year-round grilling, and another on the rooftop terrace (updated in 2023 with GMM decking), offering stunning CN Tower views and additional storage. The main level features a spacious bedroom with a closet and a 3-piece bathroom. The lower level, renovated 5 years ago, includes a large rec/family room with new vinyl flooring, a wet bar with custom cabinetry and a moveable center island, and a walkout to a private, professionally landscaped patio with planters. A large bedroom and laundry area complete this level. Upstairs, the primary bedroom is a true retreat, featuring a walk-in closet and a luxurious ensuite bathroom with a Toto washlet. Additional highlights include parking (with an optional second spot in the backyard), a locker for extra storage, and fully owned equipment, including an on-demand NTI Tankless Combi water heater and newer Lennox A/C and Air Handler (2023).This is your chance to own a rare gem in a highly sought-after location don't let it slip away!
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Public Transit, Fenced Yard
On Demand Water Heater, Water Heater Owned, Storage Area Lockers
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This could be the first listing for this address.
Data-driven valuation for 578 Spadina Avenue 5, Toronto C01, ON M5S 2H2
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 $2,349,900 in Toronto, the legal minimum down payment is $469,980 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 $45,223 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $45,223 also applies, bringing the total estimated land transfer taxes to $90,445.
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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.