58 Griffen Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Malvern. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,098,000 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 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 49.18 x 103.96 ft lot
- Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: In-Law Suite, Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 58 Griffen, a Spacious Corner Lot & Ideal property for Multi-Generational Living! Discover potential of this extra-wide corner lot ***approx. 110 ft WIDEx 34ft deep x62ft deep irregular lot)*** This home is designed for large, multi-generational families, featuring THREE KITCHENS on 3 floors to accommodate independent living under one roof. Don't MISS THIS OPPORTUNITY to secure such a rare, move-in ready property. The property has been lovingly updated with new Quartz counters, undermount lighting and potlights in the main floor kitchen, potlights in the living/dining and fresh paint throughout the house, new vanities in two of the washrooms, and new vinyl laminate flooring in the basement as well as brand new kitchen cabinets in the basement kitchen. The separate side entrance leads to a finished basement with in-law suite, making it easy for parents, grandparents, or extended family to have their own private space and be independent, yet remain close to their loved ones. The main floor is perfect for parents, while the upper level offers a comfortable retreat for the younger generation with their own private units. Imagine how much money you will save with this convenient set-up. With such a WIDE LOT, this property offers a fantastic opportunity to add a LANEWAY HOUSE OR GARDEN SUITE or even explore FUTURE DEVELOPMENT POSSIBILITES to generate extra income. This property features a rare, large detached two-car garage, which can be used for extra storage or even as a studio or workshop space. Live in the heart of Scarborough in this extremely convenient and central location, just steps to Sheppard Ave, and Neilson Rd., easy access to Hwy 401, 10 min to University of Toronto Scarborough campus where the new Medical School is being built, 10 min to Centenary Hospital and Centennial College, the Toronto Zoo, & also steps from the RT to the new Sheppard Ave./McCowan Road Metrolinx extension coming soon for easy connectivity to the downtown transit systems.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Hospital, Library, Place Of Worship, Rec./Commun.Centre, Public Transit
Interior Features
In-Law Suite, Water Heater Owned
Security Features
Community Features
Location
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 58 Griffen Drive, Toronto E11, ON M1B 1A3
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 $1,098,000 in Toronto, the legal minimum down payment is $219,600 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 $18,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,435 also applies, bringing the total estimated land transfer taxes to $36,870.
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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.
