31A Laurel Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Kennedy Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $639,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 29 x 104 ft lot
- Features a partially finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Calling all investors, renovators, and contractors with vision! This solid brick two-bedroom bungalow sits on a 29 x 104 ft lot. A great opportunity with a well-laid-out footprint, featuring a spacious eat-in kitchen with breakfast area open to the combined living and dining space. The main floor offers an updated ceramic three-piece bathroom and two rear bedrooms, including one with a walk-out to the deck. A separate entrance to the basement provides a clean slate with potential for an in-law suite or future income opportunity.Updates include a newer roof, furnace, and electrical panel. Located in the Kennedy Park neighbourhood, you're just steps to the GO Station and minutes to Kennedy subway, with parks, schools, and everyday shopping all close by-making this a convenient and well-connected place to call home. An excellent entry point into the market offering great value, with easy access to transit and just 20 minutes to downtown. Don't miss this opportunity!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 31A Laurel Avenue, Toronto E04, ON M1K 3J3
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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 $639,000 in Toronto, the legal minimum down payment is $38,900 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 $9,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $9,255 also applies, bringing the total estimated land transfer taxes to $18,510.
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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.
