6 Melville Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Dovercourt-Wallace Emerson-Junction. Expertly crafted featuring premium brick front and metal/steel siding construction, this residence presents an exceptional opportunity offered at $1,299,999 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Premium 20.42 x 110 ft lot size
- Features a apartment, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- Efficient forced air heating via gas
Description
Discover this gem in the sought-after neighborhood of Christie Pits! This owner-occupied duplex offers a rare opportunity with vacant possession, providing endless options for savvy investors or those seeking additional rental income. Live in one unit and rent the others to supplement your mortgage, or rent all three suites at current market rates. This home features a legal basement 1-bedroom, 1-bedroom garden suite (1st floor) and 2-bedroom (2nd floor) unit with balcony, each with a private entrance, and a fully detached garage with the potential for a laneway house or double car garage. Home could be converted to a stunning single-family home with a legal basement apartment. Enjoy quiet, convenient living just moments from downtown, with top-rated schools, beautiful parks, and a variety of shopping options nearby. The location boasts an impressive walking score, making it ideal for those who love to explore on foot. An inspection report and list of upgrades is included.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 6 Melville Avenue, Toronto W02, ON M6G 1Y2
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 $1,299,999 in Toronto, the legal minimum down payment is $260,000 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 $22,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $22,475 also applies, bringing the total estimated land transfer taxes to $44,950.
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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.
