7 Cardinal Place, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Lawrence Park North. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,849,000 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.
- 6 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 34 x 135 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- Efficient water heating via gas
Description
7 Cardinal Place is an extra-large investment property at Yonge and Lawrence that is set on a one-block street just steps to the subway. Set on a 34-foot lot and offering over 3200 square feet above-grade, this legal duplex offers vacant possession of the 3+1 bedroom main floor suite, and established income from a tenanted three-bedroom upper unit with grade-A tenants. The municipal address of this property is 7 Cardinal Place. In person, this address relates to the upper unit, and 5 Cardinal Place references the lower unit with a separate entrance at the side of the house. This listing includes both addresses. Each of the individual suites have enormous principal rooms, large windows, and access to half of the basement for storage and laundry access. The main floor has three bedrooms plus a den, including a one-storey addition at the rear of the home. On the second floor there are three bedrooms which serviced by a four-piece bathroom, plus a sun room that is accessed off of the primary bedroom. The second floor is currently leased for $3200/month and is now on a month-to-month contract. The tenant pays for their own water, cable/internet and their separately metered hydro. An extra-wide mutual driveway leads to an oversized and very well maintained two-car garage, plus tandem green space beside it for outdoor gatherings. The home is within steps to Yonge and Lawrence's grocers, restaurants, cafes and the Yonge Subway line, and is within the coveted Bedford Park Public School district which uniquely carries from K-8.
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Pricing & Value Insights
Data-driven valuation for 7 Cardinal Place, Toronto C04, ON M4N 2S2
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 $1,849,000 in Toronto, the legal minimum down payment is $369,800 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 $33,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $33,455 also applies, bringing the total estimated land transfer taxes to $66,910.
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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.
