586 Browns Line, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Alderwood. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $1,089,000 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.
- 7 Bedrooms and 3 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 56.48 x 125.17 ft lot
- Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Accessory Apartment, Other, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Public Remarks Draft Prime Corner Lot Opportunity in the Heart of Alderwood. Situated at the prominent intersection of Browns Line and Mitcham Drive, this well-maintained bungalow offers a unique footprint in one of Toronto's high-growth neighborhoods. Having served as a staple of the community for over 25 years as a professional office, this property presents a versatile foundation for its next chapter as a custom residential renovation, a convenient live-work environment, or a potential redevelopment site. Substantial Interior Footprint: The property features approximately 2,100 square feet of total finished space across two functional levels. Main Floor (1,102 Sq Ft): Includes a bright, spacious front reception/living area, four generously sized rooms, a central utility/media room, and a washroom. Lower Level (1,000 Sq Ft): A fully renovated basement featuring a large boardroom/recreation room, an additional private room, a kitchenette, and a 3-piece bathroom. Flexible Utility: The lower level is further enhanced by an expansive, highly versatile area currently utilized for large-scale storage and administrative needs, offering immense potential for various home or hobby configurations. Site & Strategic Location: Exceptional Land Area: A significant 4,198 square foot corner lot providing excellent presence and accessibility. Parking & Access: Includes 4 dedicated surface parking spaces on-site. Regional Connectivity: Unparalleled access to the QEW, Highway 427, and the Gardiner Expressway. Minutes from CF Sherway Gardens, local schools, and a host of essential retail amenities. Property will be delivered vacant upon possession.
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Interior Features
Accessory Apartment, Other, Water Heater
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 586 Browns Line, Toronto W06, ON M8W 3V5
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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 $1,089,000 in Toronto, the legal minimum down payment is $217,800 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 $18,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,255 also applies, bringing the total estimated land transfer taxes to $36,510.
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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.
