59 Austin Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of South Riverdale. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,688,000 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 19.5 x 102.58 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Guest Accommodations, In-Law Capability, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Beautifully renovated detached Victorian triplex on one of Leslieville's most sought-after streets. This exceptional property offers endless possibilities-live in, rent out, or easily convert to a single-family home with an income suite. Featuring three self-contained units, each with new kitchens and bathrooms, this home blends classic character with modern comfort. The main floor is vacant and move-in ready, the basement is leased until April 2026, and the third floor is leased until June 30, providing immediate income potential. High ceilings and large windows fill every level with natural light. Numerous upgrades include a new furnace, new windows, new appliances, new decks, and updated landscaping. Private two-car laneway parking adds convenience and value. Currently operated as a successful triplex or Airbnb, this property offers strong returns and long-term appreciation. Prime location just steps to the new Ontario Line subway station, Queen Street East's vibrant restaurants, shops, and cafés, multiple parks, and only minutes to the Danforth and The Beaches. A rare opportunity in one of Toronto's most desirable neighborhoods-perfect for investors, multi-generational living, or end-users seeking flexibility and style.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Public Transit, Park, School, Hospital, Rec./Commun.Centre, Fenced Yard
Interior Features
Guest Accommodations, In-Law Capability, Primary Bedroom - Main Floor, Water Heater, Carpet Free, Accessory Apartment
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 59 Austin Avenue, Toronto E01, ON M4M 1V7
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 $1,688,000 in Toronto, the legal minimum down payment is $337,600 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 $30,235 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $30,235 also applies, bringing the total estimated land transfer taxes to $60,470.
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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.
