32 & 34 Fernwood Park Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of The Beaches. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,100,000 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.
- 8 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Premium 35 x 101.5 ft lot size
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Storage
- Efficient forced air heating via gas
Description
Welcome to a remarkable investment opportunity in the Beach(es), tucked away on perfectly charming Fernwood Park Avenue south of Queen St and mere steps from the boardwalk, beach, Balmy Beach Club and the vast vistas of Lake Ontario. 32 & 34 Fernwood are available for the first time in well over 50 years and currently consists of two semi-detached duplexes with a total of four 2 bedroom suites. There are a host of options for its next owners: keep the two semi-detached duplexes in their current configuration, redevelop on the 35-foot-wide lot for a potential single-family or multi-plex build ~or~ take the last step in severing the lot (minor variances have already been approved by the city and a provisional severance has been granted) to sell separately in time and/or potentially build two new semi's. The choice is yours. Opportunities like this are rare, and the location is truly superb just up from the lake and also a short walk to the TTC, great schools and the many shops and amenities of Queen St.
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Pricing & Value Insights
Data-driven valuation for 32 & 34 Fernwood Park Avenue, Toronto E02, ON M4E 3G1
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 $2,100,000 in Toronto, the legal minimum down payment is $420,000 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 $38,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $38,975 also applies, bringing the total estimated land transfer taxes to $77,950.
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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.
