47 Cherrylawn Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow semi-detached located in the coveted neighborhood of Humber Summit. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,000 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.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 29.88 x 120 ft lot size
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Your Ideal Location Awaits! Discover this well-maintained semi-detached home in the desirable Humber Summit area. This charming property offers spacious main-floor living with three generously sized bedrooms, a bathroom, an open-concept living and dining area enhanced by stylish pot lights. The freshly painted walls add a bright, inviting touch to the interior. The kitchen is perfect for culinary endeavors. The finished basement, accessible from inside and through a separate side entrance, features three additional bedrooms, large windows, a second kitchen, and another bathroom, making it perfect for income potential or large families. The private, fully fenced backyard features beautiful interlocking and provides an ideal space to relax and enjoy outdoor gatherings. A convenient storage shed offers extra space for all your outdoor needs. The private driveway can accommodate 3 to 4 cars. Families will appreciate the short, safe walk to Gracedale Public School, St. Roch Catholic School, and Humber Summit Middle School, ensuring an easy commute for children. The finished basement can be rented out for additional income and is easily rentable due to its proximity to the bus stop and other amenities. This property is perfect for first-time homebuyers or investors. Enjoy the charm of a family-friendly neighborhood. Don't miss out, book your showing today!
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Key Features
Additional Details
Property Details
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Features
Property Features
Fenced Yard, Hospital, Library, Park, Public Transit, School
Interior Features
In-Law Capability
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Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 47 Cherrylawn Avenue, Toronto W05, ON M9L 2B3
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 $899,000 in Toronto, the legal minimum down payment is $64,900 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 $14,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $14,455 also applies, bringing the total estimated land transfer taxes to $28,910.
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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.
