70 Erskine Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Mount Pleasant West. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $825,000 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.
- 3 Bedrooms and 2 Bathrooms
- Generous living space spanning 1200-1399 sqft
- 2.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient baseboard heating via electric
Description
Located in the highly coveted Yonge & Eglinton neighbourhood, this spacious 1,232 sq ft corner condo offers three bedrooms, two bathrooms, and two rarely offered parking spaces. Situated in a boutique 32-unit building, this home is designed for those who want city living and comfort. Boasting a sunny southeast exposure, the expansive 25-foot wraparound balcony is the perfect place to relax and take in breathtaking views. The bright and airy living spaces include a sunken living/dining room, an eat-in kitchen, and freshly updated neutral decor. With abundant natural light from both eastern and southern windows, this condo feels warm and inviting all year round. The location is unbeatable, making it an ideal choice for empty nesters seeking a mid-town pied--terre or young families looking for an affordable home near top-rated schools, transportation (just a short walk to the subway!), and an array of shops and restaurants in one of Toronto's most desirable and walkable neighbourhoods.
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Pricing & Value Insights
Data-driven valuation for 70 Erskine Avenue 505, Toronto C10, ON M4P 1Y2
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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 $825,000 in Toronto, the legal minimum down payment is $57,500 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 $12,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,975 also applies, bringing the total estimated land transfer taxes to $25,950.
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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.