16 Mcdonald Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Oakridge. 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 with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 30 x 138.58 ft lot
- Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Carpet Free, In-Law Capability, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A Rare Opportunity to Own a Detached Raised Bungalow Home in a Prime Toronto Neighbourhood with over 2,200 sqft of living space! Lovingly maintained by the original owners and offered for the first time since 1980, this bright and spacious raised bungalow features 3 bedrooms, 2 full bathrooms, and a practical layout with an entrance to the lower level at the front of the home, plus a convenient side door. The main level offers a functional floor plan with a welcoming, large living and dining space, a kitchen with a breakfast area, a covered front balcony perfect for relaxing outdoors. The lower level is ideal for extended family living or future rental potential, featuring a second kitchen, a dedicated dining area, and a large living room with a cozy fireplace. Situated on a deep 138 ft lot, the home has been freshly painted and includes a newer furnace, central A/C, roof, front door, and a new concrete walkway leading to the large backyard. Located in a family-friendly neighbourhood with easy access to public transit, schools, parks, and everyday conveniences. Not to be missed!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 16 Mcdonald Avenue, Toronto E06, ON M1L 3Y8
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.
