1261 Gerrard Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of South Riverdale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $818,000 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.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 17.96 x 110.15 ft lot size
- Features a partially 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: None
- Efficient forced air heating via gas
Description
Unlock the potential of this South Riverdale classic, held by the same owner for many years and now ready for its next chapter. This 3-bedroom, 2-bath townhouse backs directly onto Greenwood Park and offers all the right bones to become the cozy, stylish spot of your dreams. There's so much to love about this corner of the east-end. Across the street, you've got Mahas, widely known as the spot for brunch in the city. Head down Gerrard and you'll find East Chinatown, specialty shops, and bakeries, or stop by Gerrard Square for all your essentials under one roof. Walk a bit further to Queen St. E. for everything from cafes to boutique fitness, endless food, shopping, and entertainment options and if you're craving beach days, Woodbine Beach is just 2.5 km away. With parking at the rear, TTC streetcar routes right out front, and the upcoming Ontario Line Carlaw station just 1 km away, you'll be more connected than ever. And if you've got grand plans, explore the potential to add a laneway suite overlooking the park. Here's your chance to invest in a vibrant neighbourhood with the freedom to make it uniquely yours! Offers anytime!
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Pricing & Value Insights
Data-driven valuation for 1261 Gerrard Street E, Toronto E01, ON M4L 1Y5
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 $818,000 in Toronto, the legal minimum down payment is $56,800 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 $12,835 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,835 also applies, bringing the total estimated land transfer taxes to $25,670.
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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.
