51 Chicora Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey semi-detached located in the coveted neighborhood of Annex. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,875,000 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.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 24 x 119 ft lot
- Features a partially finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
A great opportunity for someone to create a perfect city home. This 125 year-old Edwardian residence on sunny South exposure is waiting for a creative person to reimagine the interior. Probate is just completed. Owners are offering very flexible closing date early or later - whatever suits your needs. The property is now vacant and very easy to show. Great project for builders or architects who can create a very attractive home for professionals. Two car parking off the rear lane way is currently rented. Please park on the street for showings and open houses. Chicora Avenue is a tree line street of Century Edwardian homes. Built in 1900 and has been occupied by the current family since 1952.The property is listed with the city of Toronto as a duplex, but does not have two separate apartments currently. It is a handsome 2.75 floors, red brick semi detached home. Currently three cars are parked at the rear of the property. Parking is accessed from laneway off Bedford Road. Great opportunity to renovate to suit.
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Pricing & Value Insights
Data-driven valuation for 51 Chicora Avenue, Toronto C02, ON M5R 1T7
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 $1,875,000 in Toronto, the legal minimum down payment is $375,000 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 $33,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $33,975 also applies, bringing the total estimated land transfer taxes to $67,950.
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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.
