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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Highland Creek. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,199,900 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.
Presenting a very rare opportunity for end-users, developers, flippers, investors or home based businesses to purchase a piece of prime real estate in the prestigious and highly coveted village of Highland Creek. Spectacular 70 x 222 ft lot with RD zoning surrounded by tall mature trees & multi-million dollar homes. RD zone allows for a multitude of uses & purposes, including; garden suites, duplex/triplex/fourplex, nurseries/daycares & other home based occupations, as well as student & short term rentals. The existing building is a solid 2,170 square foot 3 bedroom home with tons of potential to add value & renovate to the liking of its future owner. Huge finished basement with tall ceilings, solid block foundation, 200 amp service and a massive existing driveway with parking for 10+ cars! This end of Highland Creek is widely known for its multi-million dollar custom estate homes & prestigious feel. Renovate the existing home to your liking, build the home of your dreams, start the home based business, convert into a profitable student rental, or build a garden suite and convert into a multi-unit property - tons of opportunity! All steps from charming Old Kingston Rd & just minutes from the Rouge Hill & Guildwood Go Stations, UofT Scarborough, and seconds from 401 ramps & daily amenities! Survey on file. Gas at lot line. Sanitary sewer accessible.
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Data-driven valuation for 6158 Kingston Road, Toronto E10, ON M1C 1K8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $1,199,900 in Toronto, the legal minimum down payment is $239,980 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 $20,473 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $20,473 also applies, bringing the total estimated land transfer taxes to $40,946.
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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.