508 Pape Avenue, Toronto, ON

$989,000
MLS#:E9251676
3 beds
2 baths
2.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of North Riverdale. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $989,000 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.

  • 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Premium 17.49 x 100.15 ft lot size
  • Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Water Heater Owned, In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to Riverdale, where city life meets neighbourhood charm and a tight-knit community spirit. Settle into this beautiful semi-detached home on the west side of Pape leading right into Withrow Park, a scenic hub for community events, farmers' markets, and outdoor activities. Thoughtfully renovated to preserve its original 1900s character, including original high ceilings and stained glass, making it irresistibly charming. This wide lot property features three spacious bedrooms, perfect for families or those needing extra space. It also includes a separate entrance basement apartment with high ceilings and plenty of natural light, an attractive rental option or guest/nanny suite. The delight of this property extends to its private back gardens and laneway with parking space for two large cars. Another major perk is its location within the coveted Pape School district, along with its proximity to several other highly regarded public and private schools. Living here also means effortless commuting. With easy access to TTCs subway and streetcar lines, you're connected to the entire city. Discover the best hidden gems scattered throughout the neighbourhood, and all the amazing spots to explore, eat, and enjoy. Riverdale offers a living experience like no other, perfect for families or anyone craving a dynamic yet serene lifestyle. And the best part? This home is move-in ready, waiting for you to start making memories in one of Toronto's most beloved and coveted neighbourhoods.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 22, 2024
Sold price information is available to members only
Listed Date8/13/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementFinished, Separate Entrance
Lot Size17.49 × 100.15 Feet
CountyToronto
Annual Tax$4,873
Legal DescriptionPT LT 2 PL 644 City East As In CA795303 S/T & T/W

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Library, School, Park, Public Transit, Rec./Commun.Centre, Fenced Yard

Interior Features

Water Heater Owned, In-Law Suite

Security Features

Community Features

Location

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508 Pape Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 508 Pape Avenue, Toronto E01, ON M4K 3R2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$73,900 (7.5%)
* Minimum Canadian down payment required for this price is $73,900.
Amortization Period25 Years
Estimated Monthly Payment$5,453Based on a loan of $915,100 over 25 years.
Purchase Price$989,000
Loan Amount$915,100
Provincial Land Transfer Tax:$16,255
Toronto Municipal Land Transfer Tax:$16,255
Total Estimated Closing Taxes:$32,510

About Purchasing a Home in Toronto, ON

For a property listed at $989,000 in Toronto, the legal minimum down payment is $73,900 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 $16,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,255 also applies, bringing the total estimated land transfer taxes to $32,510.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for North Riverdale, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,505,380

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Withrow Avenue
Public25 Bain Avenue, Toronto, Ontario, M4K 1E5
7.8
Frankland
Public816 Logan Avenue, East York, Toronto, Ontario, M4K 3E1
6.3
Holy Name
Public690 Carlaw Avenue, East York, Toronto, Ontario, M4K 3K9
5.7
Jackman Avenue
Public79 Jackman Avenue, Toronto, Ontario, M4K 2X5
8.0
Blake Street
Public21 Boultbee Avenue, Toronto, Ontario, M4J 1A7
5.8

Secondary Schools

Rosedale Heights-Arts
Public711 Bloor Street East, Toronto, Ontario, M4W 1J4
8.0
Riverdale
Public1094 Gerrard Street East, Toronto, Ontario, M4M 2A1
8.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.