7 Adler Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Eglinton East. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,239,000 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
- Premium 47.54 x 106.13 ft lot size
- Features a finished, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Accessory Apartment, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Fully Renovated Family Home with Income Potential! Welcome to 7 Adler St, a beautifully renovated gem in the heart of Scarborough! This stunning property offers modern finishes, versatile living spaces, and exceptional functionality, perfect for families or investors looking for extra income potential.With 6-Car Driveway and 1-Car Garage parking (with power running to the garage) there is ample space for guests and family vehicles. The open concept main floor, flooded with natural light, features an open concept living room & dining room plus a Chef's Kitchen, with top-of-the-line stainless steel appliances, stone countertops, ample storage, and a large island perfect for entertaining. There's also a walk-out to your private, landscaped backyard, perfect for summer BBQs and relaxation! 3 generous sized bedrooms and a spa bathroom with heated floors complete the main floor. The lower level features a bedroom, a second spa bathroom with heated floors, a recreation room and second kitchen, ideal for extended family, private use or additional income plus a walk in storage closet under the stairs provides tons of storage space. There's also a fully finished 1-bedroom basement apartment with a separate entrance, perfect for rental income or an additional in-law suite. This home is move-in ready, offering flexibility for multi-generational living or an excellent rental opportunity. Conveniently located near schools, parks, shopping, and transit, its the perfect blend of style and practicality. Basement tenants month to month, will to stay or go and paying $1,600 per month. Offers anytime!
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Accessory Apartment, In-Law Capability
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 7 Adler Street, Toronto E08, ON M1J 2M7
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 $1,239,000 in Toronto, the legal minimum down payment is $247,800 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 $21,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $21,255 also applies, bringing the total estimated land transfer taxes to $42,510.
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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.
