17 Elma Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Mimico. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $949,800 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.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 30 x 125 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: None
- Efficient radiant heating via gas
Description
Very Affordable !!! One of the Top Deals in The City !!!Perfect Opportunity to Own a 2-Story Home with a Private Driveway and 4 Parking Spots in Prime Mimico Location !Enjoy a south-facing backyard in this unique home. Originally a 3-bedroom single-family residence, it is currently being used as a two-family home but can be easily converted back. There is also potential for additional income from the basement, which features a separate side entrance, one bedroom, a 4-piece bathroom, and a kitchenette. This property offers endless possibilities for end users, investors, builders.. !Located just steps from the Waterfront Trail, beaches, GO Train, shopping, restaurants, the famous San Remo Bakery, parks, and top-rated schools. Plus, it offers easy access to downtown. This home offers the perfect blend of character and convenience. Whether you are looking to invest, live in one unit and rent out the other, or accommodate extended family, this flexible layout suits a wide range of lifestyles. Don't miss your chance to live in one of Toronto most desirable lakeside communities!
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Pricing & Value Insights
Data-driven valuation for 17 Elma Street, Toronto W06, ON M8V 1X9
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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 $949,800 in Toronto, the legal minimum down payment is $69,980 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 $15,471 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,471 also applies, bringing the total estimated land transfer taxes to $30,942.
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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.
