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Welcome to this remarkable Backsplit 5 detached located in the coveted neighborhood of Scarborough Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,299,900 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.
Discover the endless potential of 15 Riant St., a versatile property located in the highly sought-after Scarborough Bluffs neighborhood. This spacious and solid home, featuring 4 bedrooms, 2 bathrooms, and 2 kitchens, is the perfect canvas for those looking to personalize their living space or invest in a property with income-generating potential. The generous living spaces, including the kitchen and dining areas, offer ample room for your design ideas, whether you're envisioning a modern renovation or a more traditional update. Each of the four bedrooms provides comfortable accommodations, with plenty of room to adapt the spaces to your needs. The unfinished basement is a blank slate ready for transformation and the two separate entrances from the side and rear makes it primed for a conversion into a self-contained apartment, providing an ideal option for rental income or multi-generational living. The potential for a separate unit offers a smart way to offset mortgage costs or generate additional revenue. Situated in the Scarborough Bluffs, this property is conveniently located within walking distance to schools, shopping, Eglinton GO Station and TTC transit and just minutes away from scenic parks, trails, and the breathtaking waterfront. This is more than just a house, its an opportunity to create the home for any growing family or investment property you've always envisioned. Whether you're looking to make this your forever home or capitalize on its potential for income generation, this property is a rare find in a highly desirable neighborhood.
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Data-driven valuation for 15 Riant Street, Toronto E08, ON M1M 3S8
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 $1,299,900 in Toronto, the legal minimum down payment is $259,980 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 $22,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $22,473 also applies, bringing the total estimated land transfer taxes to $44,946.
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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.