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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Newtonbrook East. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,405,000 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.
Welcome To 16 Glenelia Ave, A Rare Opportunity To Own A Two-Storey Detached Home On A Large 60' x 125' Lot In One Of North York's Most Desirable Neighbourhoods. This Solidly Built Residence Features A Built-In Double Garage With A Long Private Driveway Accommodating At Least Four Vehicles. The Home Offers 4 Bedrooms And 3 Bathrooms, Providing Ample Space For Families Of All Sizes. With A Functional Layout And Generous Principal Rooms, The Property Serves As The Perfect Blank Canvas For Contractors, Renovators, Or End Users Looking To Create Their Dream Home. Surrounded By Mature Trees, Parks, And Everyday Conveniences, The Location Offers Easy Access To Transit, Shopping, And Major Highways. Families Will Appreciate Being Situated Within The Catchment Of Highly Ranked Schools, Adding To The Long-Term Value Of This Exceptional Property. Whether You're Planning A Full Custom Build Or A Thoughtful Renovation, This Lot And Location Provide Endless Potential In A Well-Established Community. Don't Miss The Chance To Secure A Prime Piece Of Real Estate In The Heart Of North York. ** EXTRAS ** Unknown
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Data-driven valuation for 16 Glenelia Avenue, Toronto C14, ON M2M 2K7
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 $1,405,000 in Toronto, the legal minimum down payment is $281,000 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 $24,575 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $24,575 also applies, bringing the total estimated land transfer taxes to $49,150.
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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.