63 Fortieth Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Long Branch. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $1,499,900 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.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 25 x 116 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: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Long live Long Branch! An incredible investment opportunity to live in and rent out, or rent both units! The main floor features a large sun-filled living space, modern kitchen, and two bedrooms! Great for first time home buyers, downsizers, investors, or a young family. You wouldn't even believe the "basement" is a basement; partially above grade and filled with natural light. Featuring a fully functional one bedroom rental suite and new egress windows in the kitchen and bedroom. It's all about that South of Lake Shore location! Just a few steps north to all the Lake Shore amenities you need; TTC streetcar and the Long Branch GO Station. Easy access to major highways(Gardiner, 427, QEW, 401) and a quick trip to Pearson Airport! Enjoy lake side living with nearby Marie Curtis Park's sandy beaches, children's playground and walking trails.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Fenced Yard, Park, Public Transit, Waterfront, School
Interior Features
None
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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 63 Fortieth Street, Toronto W06, ON M8W 3M8
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 $1,499,900 in Toronto, the legal minimum down payment is $299,980 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 $26,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,473 also applies, bringing the total estimated land transfer taxes to $52,946.
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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.
