987 Royal York Road, Toronto, ON

$1,999,000
MLS#:W9371090
5 beds
4 baths
4.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Kingsway South. Expertly crafted featuring premium brick front and stone construction, this residence presents an exceptional opportunity offered at $1,999,000 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.

  • 5 Bedrooms and 4 Bathrooms
  • Premium 50 x 130 ft lot size
  • Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • Efficient radiant heating via gas

Description

Amazing Opportunity To Move Into Prestigious Kingsway Area! Elegance of Georgian architecture 4 Bedroom/4 Bathroom Detached Home W/ Large Principal Rooms. Family room , double car garage from King Georges Rd. Spacious private yard Bright lower level with separate walkout .Walk To Bloor St. Shops And Royal York Subway Station! Rarely Offered Location, Home is Being Sold as Is Where Is .Renovate and enjoy!

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 4, 2024
Sold price information is available to members only
Listed Date9/27/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick Front, Stone
BasementFinished, Separate Entrance
Lot Size50 × 130 Feet
CountyToronto
Annual Tax$9,254.56
Legal DescriptionPT LT 18, PL 1685 , AS IN EB394627 ; ETOBICOKE , CITY OF TORONTO

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeRadiant
CoolingNone

Features

Property Features

Interior Features

Water Heater

Security Features

Community Features

Location

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987 Royal York Road, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 987 Royal York Road, Toronto W08, ON M8X 2E8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$399,800 (20.0%)
* Minimum Canadian down payment required for this price is $399,800.
Amortization Period25 Years
Estimated Monthly Payment$9,530Based on a loan of $1,599,200 over 25 years.
Purchase Price$1,999,000
Loan Amount$1,599,200
Provincial Land Transfer Tax:$36,455
Toronto Municipal Land Transfer Tax:$36,455
Total Estimated Closing Taxes:$72,910

About Purchasing a Home in Toronto, ON

For a property listed at $1,999,000 in Toronto, the legal minimum down payment is $399,800 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 $36,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $36,455 also applies, bringing the total estimated land transfer taxes to $72,910.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Kingsway South, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$2,308,826

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Our Lady of Sorrows
Public3053 Bloor Street West, Etobicoke, Toronto, Ontario, M8X 1C4
8.9
St James
Public230 Humbercrest Boulevard, York, Toronto, Ontario, M6S 4L3
7.9
Runnymede
Public569 Jane Street, York, Toronto, Ontario, M6S 4A3
7.7
St Pius X
Public71 Jane Street, Toronto, Ontario, M6S 3Y3
8.3
Sainte-Marguerite-d'Youville
Public755 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T3
7.7

Secondary Schools

Runnymede
Public569 Jane Street, York, Toronto, Ontario, M6S 4A3
4.0
Bishop Allen
Public721 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T3
8.7
Etobicoke-Arts
Public675 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T1
8.2
Western
Public125 Evelyn Crescent, Toronto, Ontario, M6P 3E3
6.8
Ursula Franklin
Public146 Glendonwynne Road, Toronto, Ontario, M6P 3J7
9.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.