310 BYRON Avenue, Westboro - Hampton Park, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of 5003 - Westboro/Hampton Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,395,000 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 50 x 117 ft lot size
- equipped with no central cooling and highly efficient gas hot water heating
Description
Westboro, excellent brick purpose built 6 unit apartment building, substantially upgraded and fastidiously maintained, with renovated apartments in an excellent Westboro location. Renovated kitchens and bathrooms, refinished hardwood floors, plumbing stacks replaced, breaker panels in units, hood fans, bathroom fans, dishwashers, 6 parking spaces plus extra area for snow, coin op laundry, storage lockers, owned HWT's, roof ~16 years old, furnace boiler 2015, windows replaced with vinyl windows, outdoor seating area. There is upside to the rents. 1 block to Richmond Rd and the Loblaws Superstore and all the stores and cafe's along Richmond Road, 10 minute walk to LRT transit. The New Draft Zoning Bylaw is just around the corner and will change the zoning to Commercial CM1, which will permit a wide range of commercial uses (including retail, personal services, hotel...). There is an opportunity to substantially increase revenue. Redevelopment is also possible, with the CM1 zone permitting 6 storeys.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 310 BYRON Avenue, Westboro - Hampton Park, ON K1Z 6Z1
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 Westboro - Hampton Park, ON
For a property listed at $2,395,000 in Westboro - Hampton Park, the legal minimum down payment is $479,000 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 $46,350 for this transaction. As this listing is in Westboro - Hampton Park (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $46,350.
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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.