28 Eringate Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Eringate-Centennial-West Deane. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $949,990 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 45 x 122.5 ft lot
- Features a finished, separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Carpet Free, Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Outstanding Opportunity to Acquire a Fully Renovated Residence in a Prime Toronto Location This beautifully updated home is ideally situated in a highly desirable and family-friendly neighbourhood, offering exceptional convenience and lifestyle appeal. Just steps from public transit, reputable schools-including the distinguished Michael Power High School-and the expansive Centennial Park.The property features a thoughtfully renovated interior and includes a self-contained 3-bedroom basement apartment with a private side entrance, full kitchen, and bathroom-perfect for generating rental income or accommodating extended family. The overall potential investment income is around ~$6000 per month. Enjoy walking access to grocery stores, community amenities such as the Olympian Pool, and nearby junior and middle schools. Commuters will appreciate the proximity to Highways 401 and 427, Pearson airport, ensuring seamless connectivity across the city. This is a rare opportunity to own a turnkey home in one of Toronto's most sought-after communities.
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Carpet Free, Primary Bedroom - Main Floor
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 28 Eringate Drive, Toronto W08, ON M9C 3Y7
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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 $949,990 in Toronto, the legal minimum down payment is $69,999 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 $15,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,475 also applies, bringing the total estimated land transfer taxes to $30,950.
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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.
