298B Avenue Road, Toronto, ON

$2,495,000
MLS#:C9505799
4 beds
4 baths
2.0 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This listing is no longer active (Sold)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 3-Storey semi-detached located in the coveted neighborhood of Casa Loma. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,495,000 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.

  • 4 Bedrooms and 4 Bathrooms
  • Premium 19 x 126.64 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Situated in the prestigious Republic of Rathnelly. This elegant New York-style residence captivates with its gated entrance and timeless brick exterior. Boasting a spacious 3+1 bedroom layout with refined finishes throughout. The eat-in kitchen seamlessly flows into a cozy family room, while the expansive primary suite, spanning the entire second floor, offers a private retreat. The third floor hosts two generous bedrooms, and opens onto a large deck. The lower level is equipped with a media room and a versatile bonus space, perfect for games or a home office Plus an additional bedroom. With a two-car garage, this home provides everything you need for elevated executive living in one of the city's most coveted neighborhoods.

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 8, 2024
Sold price information is available to members only
Listed Date10/22/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style3-Storey
ConstructionBrick
BasementFinished
Lot Size19 × 126.64 Feet
CountyToronto
Annual Tax$11,437.47
Legal DescriptionPT LTS 5 AND 6, PLAN M50, DESIGNATED AS PART 2, PLAN 66R22185 ; T/W RIGHT OF WAY AS IN AT1142377

Parking & Garage

Parking Spaces2.0
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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298B Avenue Road, 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 298B Avenue Road, Toronto C02, ON M4V 2H1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$499,000 (20.0%)
* Minimum Canadian down payment required for this price is $499,000.
Amortization Period25 Years
Estimated Monthly Payment$11,895Based on a loan of $1,996,000 over 25 years.
Purchase Price$2,495,000
Loan Amount$1,996,000
Provincial Land Transfer Tax:$48,850
Toronto Municipal Land Transfer Tax:$48,850
Total Estimated Closing Taxes:$97,700

About Purchasing a Home in Toronto, ON

For a property listed at $2,495,000 in Toronto, the legal minimum down payment is $499,000 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 $48,850 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $48,850 also applies, bringing the total estimated land transfer taxes to $97,700.

Nearby Listings

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City & Neighborhood Guide

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

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$2,777,363

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

Holy Rosary
Public354 St. Clair Avenue West, Toronto, Ontario, M5P 2Y1
8.6
Hillcrest
Public44 Hilton Avenue, Toronto, Ontario, M5R 3E6
7.8
Cottingham
PublicCottingham Street, Toronto, Ontario, M4V 1E3
10.0
Huron Street
Public541 Huron Street, Toronto, Ontario, M5R 2R6
5.8
Forest Hill
PublicToronto, Ontario, M5P 2W8
8.3

Secondary Schools

Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

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.