4 Larchmere Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Humber Summit. Expertly crafted featuring premium board & batten construction, this residence presents an exceptional opportunity offered at $980,000 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 70.09 x 96.94 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 with a convenient detached configuration
- Notable attributes: In-Law Suite, Accessory Apartment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located at 4 Larchmere Avenue in Toronto's desirable Humber Summit neighbourhood, this detached corner property presents a rare and flexible opportunity for investors or end-users seeking built-in rental income. Minutes from Islington Ave & Steeles Ave West for TTC bus routes, Hwy 400, Hwy 407, Hwy 427. 15 minute drive to York University and Subway access. The home sits on an expansive 70ft by 100ft lot in a quiet family-oriented area close to schools, parks, shopping, restaurants, places of worship and everyday amenities. Extra long driveway! Fully renovated, turn-key home with newer appliances. Separate entrance to self-contained basement apartment for in-law suite or rental income. Potential to build your own custom dream home on the extra-wide lot. The main level features a bright 2-bedroom, 2-bath layout with a generous primary bedroom complete with a 2-piece ensuite. The corner lot location provides oversized front and side yard areas, perfect for outdoor entertaining and enhancing overall curb appeal. The lower level offers a separate 2-bedroom, 1-bath unit with its own private rear entrance, updated finishes and newer appliances. Extra long driveway leading to separate garage. With a large backyard, excellent transit access and strong demand in the area for rental housing, this property represents a turnkey investment with future upside in one of Toronto's consistently sought-after pockets.
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In-Law Suite, Accessory Apartment
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Pricing & Value Insights
Data-driven valuation for 4 Larchmere Avenue, Toronto W05, ON M9L 2N1
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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 $980,000 in Toronto, the legal minimum down payment is $73,000 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 $16,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,075 also applies, bringing the total estimated land transfer taxes to $32,150.
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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.
