24 Pine Ridge Drive, Toronto, ON

$2,488,000
MLS#:E9369704
4 beds
4 baths
10.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cliffcrest. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,488,000 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.

  • 4 Bedrooms and 4 Bathrooms
  • Premium 269.03 x 120.7 ft lot size
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Guest Accommodations
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Picture yourself surrounded by a dense forest, where you feel completely secluded from the outside world. This residence and its surroundings create an environment where you can immerse yourself in nature. This stunning property is situated on a spacious 269.03X120.70 ft lot. Upon entering, you'll be greeted by a generously sized living room featuring beautiful wood floors, a charming wood-burning fireplace, and an expansive open-concept kitchen perfect for hosting gatherings. The adjacent dining room boasts a second fireplace, creating a warm and inviting atmosphere. A custom bar compliments the dining area, providing ample seating and a cozy ambiance, ideal for enjoying sports events. The main level includes a bedroom that opens up to a private backyard, while the second level offers 3 spacious bedrooms and 4 bathrooms. The primary bedroom serves as a peaceful retreat, complete with custom built-in closets, a luxurious private balcony, and a 5-piece ensuite bathroom, offering the perfect space to unwind. Additionally, the property features a detached 1,398 sq ft coach house with a self-contained second floor that could serve as a guest house or a potential rental unit. This unique property also has the potential for severance. Conveniently located within a short walking distance to schools, TTC, and the Bluffs, this property offers both elegance and versatility.

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 25, 2024
Sold price information is available to members only
Listed Date9/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Stucco (Plaster)
BasementPartially Finished
Lot Size269.03 × 120.7 Feet
CountyToronto
Annual Tax$7,489
Legal DescriptionPcl 86-1, Sec M440 ; Lot 86, Plan M440 ; Scarborou

Parking & Garage

Parking Spaces10.0
Garage Spaces8
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Lake/Pond, Library, Park, Public Transit, School, Wooded/Treed

Interior Features

Guest Accommodations

Security Features

Community Features

Location

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24 Pine Ridge Drive, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 24 Pine Ridge Drive, Toronto E08, ON M1M 2X5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$497,600 (20.0%)
* Minimum Canadian down payment required for this price is $497,600.
Amortization Period25 Years
Estimated Monthly Payment$11,861Based on a loan of $1,990,400 over 25 years.
Purchase Price$2,488,000
Loan Amount$1,990,400
Provincial Land Transfer Tax:$48,675
Toronto Municipal Land Transfer Tax:$48,675
Total Estimated Closing Taxes:$97,350

About Purchasing a Home in Toronto, ON

For a property listed at $2,488,000 in Toronto, the legal minimum down payment is $497,600 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 $48,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $48,675 also applies, bringing the total estimated land transfer taxes to $97,350.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cliffcrest, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,250,095

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Agatha
Public49 Cathedral Bluffs Drive, Scarborough, Toronto, Ontario, M1M 2T6
4.3
St Henry
Public100 Brimley Road, Scarborough, Toronto, Ontario, M1M 3X4
8.0
St Theresa Shrine
Public2665 Kingston Road, Scarborough, Toronto, Ontario, M1M 1M2
7.3
St Maria Goretti
Public21 Kenmark Boulevard, Scarborough, Toronto, Ontario, M1K 3N8
5.3
J G Workman
Public487 Birchmount Road, Scarborough, Toronto, Ontario, M1K 1N7
4.7

Secondary Schools

R H King
Public3800 St Clair Avenue East, Scarborough, Toronto, Ontario, M1M 1V3
7.3
Philippe-Lamarche
Public2850 Eglinton Avenue East, Scarborough, Toronto, Ontario, M1J 2C8
6.0
Birchmount Park
Public3663 Danforth Avenue, Scarborough, Toronto, Ontario, M1N 2G2
4.3
Cedarbrae
Public550 Markham Road, Scarborough, Toronto, Ontario, M1H 2A2
4.9
W A Porter
Public40 Fairfax Crescent, Scarborough, Toronto, Ontario, M1L 1Z9
7.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.