70 Colonial Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cliffcrest. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,199,900 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.
- 8 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 50 x 150 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, Storage, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
In the heart of Cliffcrests family-friendly neighbourhood, with a clear, uninterrupted view of the park right across the street, this newly renovated detached home is a rare offering that delivers both versatility and lasting value. Featuring 5+3 generous size bedrooms, 4 full bathrooms, and 3 modern kitchens, this spacious residence is perfectly suited for multigenerational living or savvy investors looking to maximize rental income. With two fully separate units ready to rent, you could live mortgage free while enjoying the comfort and flexibility of a detached home. Step inside to discover a sun-drenched interior with soaring vaulted ceilings, filling the space with natural light and a remarkable sense of openness. The brand new kitchens are as stylish as they are practical, offering sleek finishes, ample storage, and thoughtful design throughout.This homes unique and functional layout stands out ideal for large families, co-living, or income generation. All of it set steps from the park, close to top-ranked schools, grocery stores, and with easy access to major highways.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Hospital, Library, Park, Place Of Worship, Public Transit
Interior Features
Carpet Free, Storage, Water Heater, Primary Bedroom - Main Floor, In-Law Capability, In-Law Suite
Security Features
Community Features
Location
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 70 Colonial Avenue, Toronto E08, ON M1M 2C5
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 $1,199,900 in Toronto, the legal minimum down payment is $239,980 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 $20,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $20,473 also applies, bringing the total estimated land transfer taxes to $40,946.
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City & Neighborhood Guide
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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.
