95 Gainsborough Road, Toronto, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Woodbine Corridor. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $998,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 25 x 128 ft lot size
Description
Seller has provided the following update regarding the development status of the property. The municipal approval process was initiated over a year ago and has successfully progressed through the rigorous stages of city review, community guidelines compliance, and engineering checks. The application is now entering the final stage of approval. The submitted plans outline a highly optimized multi-generational or income-generating layout, featuring a spacious 2,900-square-foot of finished area of the main residence (4 bedrooms / 3.5 bathrooms) alongside a detached 1,200-square-foot Garden Suite (2-3 bedrooms). While the verbal approval of the main residence has been obtained, however the approval of the garden suite is in final stage of its approval that is expected to be granted sooner. This design maximizes the property's density.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 95 Gainsborough Road, Toronto E02, ON M4L 3C3
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 $998,000 in Toronto, the legal minimum down payment is $74,800 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 $16,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,435 also applies, bringing the total estimated land transfer taxes to $32,870.
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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.
