309 Morningside Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of West Hill. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $939,000 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.
- 7 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 50 x 140.41 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter
- Efficient other heating via gas
Description
Incredible opportunity in a prime Scarborough location! Just minutes from the University of Toronto (Scarborough Campus), Centennial College, and the Pan Am Sports Centre. Situated on a large 50 x 140 lot, this property offers exceptional development potential. Located on a major street and part of the City of Toronto's EHON (Expanding Housing Options in Neighborhoods) initiative, the site may allow for future development of a 4-plex with a garden suite, or possibly up to a 60-unit apartment building (subject to City review and approval).The main floor features 3 bedrooms and 1 bathroom, while the basement has been recently renovated and reconfigured to include 4 bedrooms and 2 bathrooms, with a separate entrance and egress window perfect for multi-generational living, an in-law suite, or rental income. Enjoy close proximity to parks, shopping centers, TTC with GO train connections, and Highway401. Walking distance to Morningside Park and just a short drive to both UofT Scarborough and Centennial College. This property is turn-key and move-in ready, or ideal for investors and developers looking to capitalize on future zoning opportunities under EHON.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, School
Interior Features
Separate Heating Controls, Separate Hydro Meter
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
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 309 Morningside Avenue, Toronto E10, ON M1E 3G2
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 $939,000 in Toronto, the legal minimum down payment is $68,900 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 $15,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,255 also applies, bringing the total estimated land transfer taxes to $30,510.
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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.
