Welcome to this remarkable land located in the coveted neighborhood of Mount Pleasant East. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 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.
586 Eglinton Avenue East is located in a prime location at Bayview Avenue and Eglinton Avenue East, the Offering represents an exceptional development opportunity to construct a residential tower in one of Toronto's most affluent neighbourhoods. 586 Eglinton Avenue East is located on the north side of Eglinton Avenue East immediately west of Bayview Avenue providing exceptional frontage along a main arterial throughfare. The Site benefits from a high-profile location at the nexus of Toronto's top residential neighbourhoods of Leaside, Lawrence Park and North Toronto. Steps from the Property is the Leaside LRT station (3-minute walk) providing for an efficient commute across Eglinton Avenue. Similarly, multiple surface transit routes are available further enhancing pedestrian and transit connectivity. Additionally, access to the TTC subway system via Yonge-Eglinton station is a short distance west of the Property (less than 2km west) providing access to Downtown in less than 20 minutes. The surrounding neighbourhood offers unmatched amenities, employment opportunities, public spaces, parks and restaurants and retail, collectively producing the ultimate live-work-play node. Encompassing 301,066 sq. ft. of Gross Floor Area ("GFA"), 586 Eglinton Avenue East carries approvals for a 46-storey residential tower featuring complimentary retail at grade. Upon completion, 586 Eglinton Avenue East will stand prominently at the Bayview and Eglinton intersection featuring a collection of 446 units in one of Toronto's most robust residential markets. Monthly rental rates have achieved nearly ~$4.50 sq. ft. for selected nearby projects. Additionally, recent condo sales have witnessed an impressive +$1,500 per sq. ft. The Project serves as an opportune time for developers/investors to either develop rental or condo in one of Toronto's top residential neighbourhoods
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Data-driven valuation for 586 Eglinton Avenue E, Toronto C10, ON M4P 1P2
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 in Toronto, the legal minimum down payment is $0 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 $0 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $0 also applies, bringing the total estimated land transfer taxes to $0.
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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.