62 Rainbow Ridge Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Backsplit 5 detached located in the coveted neighborhood of Rouge E11. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,170,000 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.
- 7 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 50.05 x 104.73 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
*RARELY OFFERED 5-LEVEL BACKSPLIT DETACHED HOME* Sitting On A Large 50 FT Wide Lot In A High Demand Neighbourhood With No Neighbours Behind For Added Privacy. Inside, You'll Find A Thoughtful Well-Designed Layout With 3 Bedrooms On The Upper Level, 2 Bedrooms On The Ground Level And 2 More Bedrooms In The Basement. This Unique Backsplit Also Has Defined Functional Living Spaces For The Living, Dining & Family Room. Upgraded Kitchen, Bathrooms, Laminate Floors Throughout Makes This Home Maintenance Free & Move In Ready. What Makes This Home *SPECIAL & UNIQUE*? There Is Incredible *INCOME POTENTIAL $$* Each Level Offers Its Own Separate Entrances To Its Own Well-Appointed Spacious Apartment Space. Its Perfect For *MULTI-GENERATIONAL LIVING* Where Large Families Can Live Comfortably Together While Having Their Own Personal Space (Great For Those With Grandparents, Kids & Teenagers) Or *LUCRATIVE RENTAL INCOME* From 3 Potential Rental Units Which Is A Great Mortgage Helper! Or If You Need An Office, Redesign The Ground Floor To Fit Your Needs. Unbeatable Location, 8 Mins To University Of Toronto, Centennial College & Upcoming Scarborough Academy of Medicine & Integrated Health (SAMIH) Which Means You'll Always Have High Rental Demand, Steady Income & Higher Rent! Widen Driveway Allows For 4 Car Parking + 2 In The Garage. TTC At Your Doorstep & 401 is Just 1 Min Away. All Your Daily Amenities & Activities Are Quickly Accessible Such As Schools, Pan Am Centre, Rouge GO, Trails At Rouge National Park, Hospital, Shopping & Big Box Stores. **RARE OPPORTUNITY to own a BEAUTIFUL HOME with 3200 SQFT Of Functional Living Space that also serves as an AMAZING INCOME GENERATOR**
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Greenbelt/Conservation, Rec./Commun.Centre, School, Public Transit, Park, Hospital
Interior Features
None
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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 62 Rainbow Ridge Avenue, Toronto E11, ON M1B 2H9
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 $1,170,000 in Toronto, the legal minimum down payment is $234,000 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 $19,875 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $19,875 also applies, bringing the total estimated land transfer taxes to $39,750.
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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.
