85 Elma Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Mimico. 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.
- 2 Bedrooms and 2 Bathrooms
- Premium 32.24 x 125.19 ft lot size
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Sump Pump, Water Heater, Workbench
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome To 85 Elma Street (Royal York/Lakeshore)*Detached Bungalow For Sale In Toronto (Mimico)*One of Etobicoke's most desirable communities*This 2 Bedroom Home Features: A Living & Dining Room W/Hardwood Floors*Bright Eat-In Kitchen, 4pc bath & W/O To Backyard Deck*Basement Offers A Separate side entrance. spacious updated Rec Room,2 Pc Bath, sitting room & utility room & backflow preventer*Private Driveway W/Detached Garage*Huge Backyard*Mimico boasts a thriving local scene W/Trendy cafes, restaurants & shops*Dream location W/TTC & GO train close by along W/Easy access to the Gardiner Expressway & 427*Close to Lakeshore & just minutes to Downtown*Mimico offers stunning waterfront views W/Direct access to beautiful Mimico Waterfront parks & Humber Bay Shores*Perfect for leisurely walks, cycling & enjoying nature*Ideal home & location for everyone W/Top-rated schools, modern amenities & a welcoming close-knit community****Virtual Tour****
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 85 Elma Street, Toronto W06, ON M8V 1X9
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.
