517 Main Street, Toronto, ON

$798,000
MLS#:E11880485
2 beds
2 baths
4.0 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This listing is no longer active (Sold)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 Bungalow detached located in the coveted neighborhood of Woodbine-Lumsden. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $798,000 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.

  • 2 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Premium 25 x 293.42 ft lot size
  • Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: In-Law Suite, Separate Heating Controls, Water Heater Owned
  • equipped with window unit(s) central cooling and highly efficient radiant heating via gas

Description

***293' Deep Ravine Lot*** Welcome to this stunning, beautifully updated detached brick home, nestled on a rare 293' deep lot that backs onto the tranquil Taylor Creek Ravine. Located in the sought-after Woodbine-Lumsden neighbourhood, this home offers the perfect blend of modern upgrades, functionality and future potential, all while surrounded by nature. Step inside to a welcoming foyer, thoughtfully designed to provide a private space for shoes and coats, seamlessly leading into the inviting living room. The main floor features 9' high ceilings, fresh paint, new vinyl plank flooring throughout, Pot lights, updated windows & doors & renovated bathroom with heated floors (2015). The bright, eat-in kitchen opens to a spacious deck overlooking the expansive backyard, a true oasis for summer gatherings and relaxation. Additional highlights include a versatile laundry room/office, renovated in 2023 and a newly built, insulated 11'x33' workshop/storage shed (2018) with a rough-in for a 60-amp electrical panel. Enjoy the convenience of 4 parking spaces at the rear of the property and spacious attic with plenty of storage space. The self-contained 1-bedroom basement suite, with its own entrance, hydro panel, thermostat and laundry, provides excellent income potential or space for extended family. This suite boasts 8' high ceilings, a full kitchen & bathroom with a jacuzzi tub, fresh paint, and brand-new carpet flooring. This home is a fantastic alternative to condo living, offering the opportunity to enjoy it now while planning your dream home in a neighbourhood with many luxury new builds. Enjoy the unbeatable location, just a short walk to Danforth Avenue, Main Street Subway, Schools and a variety of shops and amenities. The Danforth GO Station is only a 15-minute walk away and the Beach and DVP are just a short drive. Don't miss this incredible opportunity to live, invest and build in one of Torontos most vibrant and desirable neighbourhoods!

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 17, 2024
Sold price information is available to members only
Listed Date12/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFinished, Separate Entrance
Lot Size25 × 293.42 Feet
CountyToronto
Annual Tax$3,784.44
Legal DescriptionPT LT 120 PL 1351 TWP OF YORK AS IN TB563674 EXCEPT THE EASEMENT THEREIN RE: LT 121 PL 1351; S/T TB5

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeRadiant
CoolingWindow Unit(s)

Features

Property Features

Interior Features

In-Law Suite, Separate Heating Controls, Water Heater Owned

Security Features

Community Features

Location

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517 Main Street, 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 517 Main Street, Toronto E03, ON M4C 4Y3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$54,800 (6.9%)
* Minimum Canadian down payment required for this price is $54,800.
Amortization Period25 Years
Estimated Monthly Payment$4,429Based on a loan of $743,200 over 25 years.
Purchase Price$798,000
Loan Amount$743,200
Provincial Land Transfer Tax:$12,435
Toronto Municipal Land Transfer Tax:$12,435
Total Estimated Closing Taxes:$24,870

About Purchasing a Home in Toronto, ON

For a property listed at $798,000 in Toronto, the legal minimum down payment is $54,800 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 $12,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,435 also applies, bringing the total estimated land transfer taxes to $24,870.

Nearby Listings

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City & Neighborhood Guide

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

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,168,334

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

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

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.