5 Starlake Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Backsplit 4 detached located in the coveted neighborhood of Morningside. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,900 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 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 44.76 x 125.06 ft lot
- Features a finished with walk-out, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Nestled In A Quiet, Mature Neighborhood, This Solid Well-Built Home Has Been Lovingly Maintained By The Same Family For 48 Years. Surrounded By Mature Trees, The Peaceful Backyard Offers A Tranquil Setting With The Convenience Of Being Close To Parks, Fabulous Schools, The University Of Toronto Scarborough Campus, Scarborough Centenary Hospital, Shopping, And Transit. Larger Than It Appears, This Full 4-Level Back-Split Offers Incredible Value And Flexibility For Families Or Investors Alike. The Main Level Features An Eat-In Kitchen And A Spacious Living And Dining Room. Upstairs, You'll Find 2 Generously Sized Bedrooms, Including A Primary With A 2-Piece Ensuite And Space To Expand To A Full Bath, Plus A Separate 4-Piece Bathroom. The Third Level Is Fully Above Grade With A Walkout To The Backyard, Separate Side Entrance, 2 Additional Bedrooms, A 2-Piece And A 3-Piece Bathroom - Ideal For In-Laws Or Guests. The Basement Offers A Large Family Room, A Second Kitchen, And Access To A Crawlspace With Ample Storage - Presenting Exciting Potential For Income Or Extended Family Living. This Home Has Been Freshly Painted From Top To Bottom And Features Brand-New Modern Lighting Throughout. The Furnace And Air Conditioner Have Also Been Updated. Attached One-Car Garage. This Home Is Move-In Ready While Still Offering The Perfect Opportunity To Add Your Own Updates And Personal Touches. Don't Miss This Rare Opportunity To Own A Spacious, Versatile Home In A Prime Location!
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Pricing & Value Insights
Data-driven valuation for 5 Starlake Drive, Toronto E09, ON M1G 3C3
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 $899,900 in Toronto, the legal minimum down payment is $64,990 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 $14,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $14,473 also applies, bringing the total estimated land transfer taxes to $28,946.
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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.
