50 Fernwood Park Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of The Beaches. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $1,099,000 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 23.75 x 71.75 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Carpet Free
- Efficient forced air heating via gas
Description
Nestled in the highly coveted Beaches community, on the wonderfully quaint Fernwood Park Avenue just south of Queen St - and only moments from the boardwalk, the beach, Balmy Beach Club, and sweeping views of Lake Ontario. This semi-detached home is brimming with opportunity for those with vision and creativity. A legal duplex featuring Two 2-bedroom Units, it's an ideal investment property or a chance to live in one suite while renting out the other. The main-floor tenants are currently in place and wish to remain, while the upper unit is vacant and ready for your plans. Steps from every convenience - parks, trendy boutiques, cafés, and the streetcar at your door-this is your opportunity to shape your dream home in one of Toronto's most sought-after locations.
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Pricing & Value Insights
Data-driven valuation for 50 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 $1,099,000 in Toronto, the legal minimum down payment is $219,800 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 $18,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,455 also applies, bringing the total estimated land transfer taxes to $36,910.
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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.