48 Phillip Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Backsplit 5 detached located in the coveted neighborhood of Birchcliffe-Cliffside. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,120,000 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 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 35 x 125 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This is an absolutely MASSIVE Italian-style custom built 5 level backsplit! ***Approx. 3000 Sf of finished living space!*** 7+1 spacious bedrooms, 3 kitchens, 3 baths. Front porch, covered back deck, shed and greenhouse. ***IDEAL FOR LARGE FAMILY, MULTI-GENERATIONAL FAMILY OR INVESTOR. Fabulous Birchcliffe-Cliffside neighbourhood, close to schools, TTC, shopping and restaurants. Quiet street minutes from downtown.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 48 Phillip Avenue, Toronto E06, ON M1N 3P9
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 $1,120,000 in Toronto, the legal minimum down payment is $224,000 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 $18,875 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,875 also applies, bringing the total estimated land transfer taxes to $37,750.
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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.
