50 Lilac Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Humberlea-Pelmo Park W5. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $999,900 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 50 x 100 ft lot
- Features a separate entrance, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Charming and full of potential, this solid brick bungalow is a fantastic opportunity for first-time home buyers or investors! Situated on a spacious 50 x 100 ft lot, this 3-bedroom home features a detached garage and two separate side entrances to a basement with exciting rental income potential. Lovingly maintained by its original owner, this rare gem has recently been updated with a newer roof, a high-efficiency forced-air furnace, and air conditioning. The expansive backyard is perfect for outdoor enjoyment and entertaining, providing ample space for gatherings or relaxation. Its prime location offers convenient access to public transportation, shopping, parks, and a selection of public and Catholic schools within walking distance. Commuting is made easy with quick access to major highways (400, 401, and 407), and you're just minutes away from the hospital. Nestled in a desirable neighbourhood surrounded by million-dollar homes, this property is brimming with possibilities. Whether you're looking to make it your own or tap into its income potential, bring your creative vision and make this charming bungalow the home of your dreams!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Storage, Water Heater Owned
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Community Features
Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 50 Lilac Avenue, Toronto W05, ON M9M 1G3
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 $999,900 in Toronto, the legal minimum down payment is $74,990 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 $16,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,473 also applies, bringing the total estimated land transfer taxes to $32,946.
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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.
