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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Dovercourt-Wallace Emerson-Junction. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $1,699,000 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.
This comfortable home has been cherished by the same family for over 60 years. Situated on a 25-foot-wide lot in one of the most desirable pockets of Toronto, it is available for the first time in generations. The spacious and light-filled property features three large and one smaller bedroom (now used as a dressing room) and 2 updated bathrooms. The expansive front porch is perfect for summer evenings on this friendly street. The living room, dining room (recently used as a bedroom) and family-sized kitchen all have large windows, high ceilings and excellent natural light thanks to the wide lot. A rear mudroom is the practical space that every house needs. A fully-tiled basement offers a cozy Recreation Room and the second bathroom as well as separate rooms for Storage/Mechanical and Laundry. With direct access to the rear yard through an exterior stair, there is the potential for a future secondary suite. The property offers a private driveway as well as a detached double garage accessed via the lane, an incredibly rare find. The rear yard has been meticulously maintained and offers a natural gas connection for your barbeque. The large lot size allows for incredible opportunities for future growth. The house can be expanded with a rear addition, a third floor addition or even a side addition. A substantial laneway suite would also be permitted. A detailed Development Report is available on request. Prepared by a professional planning consultant, this report outlines the many expansion possibilities for the property, including multiplex. Located on, arguably, the most attractive block of Westmoreland Avenue, this home is just steps away from local amenities including schools, parks, shopping, restaurants and public transit. It blends the inherent charm of an older property with the endless potential for creative expansion that is only possible on a lot of this width and depth. Your future forever-home is waiting to be revealed at this extraordinary property.
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Fenced Yard, Library, Park, Public Transit, Rec./Commun.Centre, School
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Data-driven valuation for 76 Westmoreland Avenue, Toronto W02, ON M6H 2Z7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $1,699,000 in Toronto, the legal minimum down payment is $339,800 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 $30,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $30,455 also applies, bringing the total estimated land transfer taxes to $60,910.
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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.