197 Virginia Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Danforth Village-East York. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $2,088,000 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.
- 6 Bedrooms and 5 Bathrooms with 2 functional kitchens
- Generous living space spanning < 700 sqft on a premium 25 x 100 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Magnificent South-West Exposure Corner Lot Custom Built Home in East York Boasting approx. 3500sf of Living Space! Breath-taking Open Concept Main Floor Offers 12-foot Ceiling, Fireplace in Family Room, Floor-to-Ceiling Windows, Large fully fenced backyard and direct access to Garage! Modern Kitchen With Waterfall Island, Gas Cooktop & High-end Built-in Appliances! 4 Bedrooms, 3 bath, and 2 balconies on the 2nd floor with Magnificent Skylight & Laundry Room! Large Primary Bedroom offers Balcony Access, His&Hers Walk-In Closets, Luxurious Soaker Tub & Double Sinks! Two-Bedroom Basement Unit With Separate Walk-up Entrance, high ceiling & Laundry Room; Prime Location Steps to Woodbine Subway station, Danforth GO Station, Next to Parks, Schools, Sobeys, Restaurants and Amenities on the Danforth! Close to DVP, Woodbine Beach & Quick Access to Downtown Toronto! Welcome Home!
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Pricing & Value Insights
Data-driven valuation for 197 Virginia Avenue, Toronto E03, ON M4C 2T6
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 $2,088,000 in Toronto, the legal minimum down payment is $417,600 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 $38,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $38,675 also applies, bringing the total estimated land transfer taxes to $77,350.
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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.
