256 Monarch Park 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 brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $1,099,000 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 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 22 x 100 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Sump Pump, Water Heater
- equipped with central air central cooling and highly efficient baseboard heating via electric
Description
Situated on a desirable corner lot in the Monarch Park community, this charming 4 bed, 2 bath detached home with hard to come by two car parking is brimming with character and potential to create something truly special! Inside, one will find a traditional yet functional main floor layout with timeless details like stained glass windows and original wood trim. An extra living space on the main floor and the full bathroom make it perfect for a family with young kids or visiting aging parents. The generously-sized bedrooms provide ample space for family living and offers space to grow! Don't need the 4th bedroom? Use it as an office or better yet, combine it with the primary to make amazing primary suite with ensuite & walk-in closet! The unfinished basement offers a blank canvas to create your own space! Outside, the large yard & mature garden offer a place to enjoy warmer evenings and allow for enough room to play. Conveniently located close to the hospital, community centre, library and a short walk to all the Danforth action, TTC, schools and parks! This home has been lovingly enjoyed by the same family for decades making it truly special- come and see why! Open house Sat/Sun 2-4pm.
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Pricing & Value Insights
Data-driven valuation for 256 Monarch Park Avenue, Toronto E03, ON M4J 4S5
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 $1,099,000 in Toronto, the legal minimum down payment is $219,800 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 $18,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,455 also applies, bringing the total estimated land transfer taxes to $36,910.
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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.
