6244 Kingston Road, Toronto, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Centennial Scarborough. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,200,000 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.
- 2 Bedrooms and 1 Bathroom
- Premium 113.13 x 250.87 ft lot size
- Convenient single detached garage included
- equipped with no central cooling and highly efficient oil forced air heating via oil
Description
Great Rental Apt Development Opportunity In The Dynamic Highland Creek Community! We Sell W ZAP in your hand to create 20 Rental unit with NO Development fee. Zoning certificate included in the price. Get the permit and have 90% construction loan From CMHC(Some condition Applies).At the final after occupancy you can have mortgage from CMHC with less than the market rate and be owner with $ 0 on the property. Great investment property. The Pac meeting with city on Nov18 has been done.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 6244 Kingston Road, Toronto E10, ON M1C 1K9
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 $2,200,000 in Toronto, the legal minimum down payment is $440,000 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 $41,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $41,475 also applies, bringing the total estimated land transfer taxes to $82,950.
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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.
