59 Kelsonia Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Cliffcrest. Expertly crafted featuring premium aluminum siding and stone construction, this residence presents an exceptional opportunity offered at $1,130,000 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 with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 50 x 125 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
New Home BUILDING PERMIT ready for a 4 Bed 5 bath TWO-UNIT house. 4000 SFT + 1800 Basement. Exceptional opportunity for builder, renovator or investors and also for the people ready to build their dream home at the most desirable CLIFFCREST community. House is located in top ranked RH King School zone and Chine Drive and on the south side of Kingston. Premium 50feetX125feet lot. Currently the house is livable condition and is getting $4,600/month rental income. The tenant is flexible and can either stay or leave, which may be especially useful for someone planning a future build. Walking distance to the breathtaking scarborough bluff, few steps to TTC and minutes to GO Train Station.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 59 Kelsonia Avenue, Toronto E08, ON M1M 1B2
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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 $1,130,000 in Toronto, the legal minimum down payment is $226,000 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 $19,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $19,075 also applies, bringing the total estimated land transfer taxes to $38,150.
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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.
