16 Park Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Birchcliffe-Cliffside. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $747,000 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 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 45 x 130 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Workbench, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located in the sought-after Cliffside neighbourhood! Discover the charm of this all-brick detached bungalow situated on a generous 45 x 130 ft lot - larger than most in the area, complete with a wide private driveway. Lovingly maintained by the same original family, this home is ideal for first-time buyers or those looking to downsize. The main floor features a bright living and dining room combination with laminate flooring, a kitchen with a marble backsplash and grey cabinetry, two rear bedrooms, and an updated three-piece bath. A separate side entrance leads to the basement, which includes a spacious recreation room, additional bedroom, and a workshop. Offering excellent potential for an in-law suite or future rental. With updated mechanics, a newer roof, and well-maintained grounds, this property offers both comfort and convenience with TTC almost at your doorstep and walking distance to the GO Station, schools, and shopping. A wonderful opportunity to own this classic bungalow in the heart of Cliffside. Don't miss this great value!
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Workbench, In-Law Capability
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Property History
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Pricing & Value Insights
Data-driven valuation for 16 Park Street, Toronto E06, ON M1N 2N2
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 $747,000 in Toronto, the legal minimum down payment is $49,700 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 $11,415 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $11,415 also applies, bringing the total estimated land transfer taxes to $22,830.
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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.
