60 Magnolia Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Kennedy Park. Expertly crafted featuring premium concrete and brick construction, this residence presents an exceptional opportunity offered at $799,999 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 1100-1500 sqft on a premium 27.5 x 104 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: None
- Efficient forced air heating via gas
Description
Discover the perfect blend of convenience and potential with this delightful freehold property! Nestled just a short stroll from GO Transit and TTC, commuting anywhere in the city is a breeze. Enjoy the vibrant neighborhood, surrounded by everyday conveniences. This charming home offers a fantastic opportunity for investors, first-time buyers, or those looking to downsize without compromising on location. Featuring a separate entrance to a versatile basement with two bedrooms that can be converted into open space, this property is brimming with potential. This home has been rented to the same tenants for the past ten years. Now is your chance to make it your own , with no maintenance fees to worry about. The spacious backyard is perfect for summer barbecues or a tranquil retreat. Long driveway providing ample parking space. While the home does need some updates, it offers the perfect opportunity to renovate and customize to your taste. Whether you're looking for a great rental income potential or a cozy starter home, this gem is a must-see.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 60 Magnolia Avenue, Toronto E04, ON M1K 3K4
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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 $799,999 in Toronto, the legal minimum down payment is $55,000 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 $12,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,475 also applies, bringing the total estimated land transfer taxes to $24,950.
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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.
