631 Richmond Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Niagara. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,000 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.
- 3 Bedrooms and 1 Bathroom
- Premium 15 x 146 ft lot size
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A fantastic opportunity in a superb location to anyone that is looking for a versatile living space with immense potential. With its charming exterior, this home is awaiting your personal touches and upgrades. Transform the unfinished basement into added living space and the extra-deep 146-foot yard provides room for future expansion - endless possibilities await! A rare front pad parking spot adds extra convenience. Even better, approved plans and building permits have already been secured and paid for, letting you dive right into renovations. With shopping, dining, parks, and schools just a short distance away, this home combines versatility with unbeatable access to all essential amenities.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 631 Richmond Street W, Toronto C01, ON M6J 1C2
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 $799,000 in Toronto, the legal minimum down payment is $54,900 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 $12,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,455 also applies, bringing the total estimated land transfer taxes to $24,910.
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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.
