221 Richview Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Forest Hill South. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $3,495,000 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.
- 5 Bedrooms and 5 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 40 x 128 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: In-Law Suite, Storage
- equipped with central air central cooling and highly efficient radiant heating via gas
Description
Beautifully renovated and nestled in coveted Forest Hill, this exceptional family home offers the perfect blend of comfort, style, and sophistication in one of Toronto's most prestigious neighbourhoods. The sun-filled living room features heated hardwood floors, a charming bay window, and a cozy gas fireplace - ideal for both everyday living and elegant entertaining. Step outside to a private backyard oasis with a spacious deck with exceptional privacy. Upstairs, the primary retreat includes a renovated ensuite and walk-in closet, complemented by three additional bedrooms, a modern family bath, and a convenient second-floor laundry room (convertible to a fifth bedroom). The finished lower level offers a recreation room, guest bedroom, fourth bathroom, and ample storage. Complete with a full-size garage and additional parking, and just steps to top schools, Forest Hill Village, Eglinton shops and dining, the subway & LRT - this is a rare turnkey opportunity in an unbeatable location.
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Pricing & Value Insights
Data-driven valuation for 221 Richview Avenue, Toronto C03, ON M5P 3G2
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 $3,495,000 in Toronto, the legal minimum down payment is $699,000 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 $73,850 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $73,850 also applies, bringing the total estimated land transfer taxes to $147,700.
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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.
