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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Newtonbrook West. Expertly crafted featuring premium stone and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,558,000 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.
Magnificent 2-Storey Custom Built Home on a Premium 50' x 133' South-Facing Lot (6,650 Sq. Ft)! Offering over 5,000 sq. ft. of Luxurious Living Space (3,501 sq. ft. above Grade + Professionally Finished Walk-Out Basement) in High Demanded Newtonbrook West Area! This Upgraded and Spacious Residence Features 4+2 Bedrooms and 6 Washrooms. The Elegant Natural Stone Facade! Soaring Ceilings Height on Main Floor(10'), 2nd Flr(9') and Master Bedroom(10')! Hardwood Floors, Crown Moulding, LED Lighting, Freshly Painted Throughout. Sophistication Flows through the Main Hallway and Staircase, and Coffered Ceilings Adorn the Dining Room, Kitchen, Master Bedroom and Foyer. Enjoy the Open-Concept Layout in Living and Dining Areas! Direct Garage Access to the Main Floor.The Oversized Family Room with Fireplace Seamlessly Connects to a Gourmet Kitchen Featuring Granite Countertops and Backsplash, Stainless Steel Appliances, Updated Cabinetry, Butler Pantry/Servery and a Generous Breakfast Area with a Walkout to a Family-Sized Deck and Brand-New Composite Deck with Aluminium Railings. The Expansive Backyard Is Ideal for Entertaining or Unwinding. An Oak Staircase with Iron Railings and Skylight Leads to the Upper Level, Where the Breathtaking Primary Suite Includes a Walk-In Closet and a Luxurious 8-Pc Ensuite Complete with Jacuzzi Tub and Bidet. Three Additional Bedrooms Each Feature Their Own Ensuite. A Spacious Second-Floor Laundry Room Adds Everyday Convenience.The Finished Walk-Out Basement Offers Incredible Versatility with a Large Entertainment/Recreation Area, Second Open-Concept Kitchen, One Bedroom with a 4-Pc Ensuite, a Second Bedroom (or Great Room), Second Laundry, and Potential to Convert into a 2-Bedroom Unit. Wide and Extended Interlocked Driveway with No Sidewalk in Front Providing Ample Parking! A Must-See Home That Truly Has It All!
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Data-driven valuation for 255 Homewood Avenue, Toronto C07, ON M2R 2N4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $2,558,000 in Toronto, the legal minimum down payment is $511,600 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 $50,425 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $50,425 also applies, bringing the total estimated land transfer taxes to $100,850.
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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.