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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Leaside. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,925,000 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.
Perfectly situated with beautiful curb appeal, a hallmark of traditional Leaside architecture and fronting on Hanna, this home offers an incredible opportunity to live in one of Toronto's most sought-after neighbourhoods with a wonderful sense of community. Spanning just over 3700 square feet over three levels, this classic Leaside residence has been lovingly cared for by the same family for over 40 years. It features one of the few spacious corner lots in the area, a big building footprint and a blank canvas to create the space you want while adding lasting value. The centre hall foyer opens into an oversized living room with hardwood floors, crown moulding, a wood-burning fireplace with marble surround, and abundant natural light from expansive windows on the north and west sides. Adjacent is the formal dining room, with hardwood floors and crown moulding, flowing into a generous family room that walks out to the rear gardens. The eat-in kitchen at the rear offers an abundance of cabinetry and counter space. A privately tucked-away powder room completes the main floor. Upstairs, the spacious primary bedroom overlooks the front gardens and features two closets with access to a four-piece bathroom. Two additional large bedrooms at the rear provide ample closet space and share a four-piece bathroom. The fourth bedroom, currently a den, features custom wall detailing and built-in shelving. The lower level includes a large recreation room, laundry, utility area, guest suite, and two-piece bathroom offering versatility for a media room, gym, or additional living space. A detached garage and private driveway off Hanna Avenue provide rare parking for two cars, adding to the home's practicality and curb appeal. Surrounded by mature, old-growth trees, this property is steps to Bayview's shops and amenities, Trace Manes Park, Leaside Memorial Arena, and top schools. Minutes to downtown and green spaces - your opportunity to craft your perfect Leaside home and lifestyle.
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Park, Library, Public Transit, Rec./Commun.Centre, School, Hospital
Water Heater Owned
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 85 McRae Drive, Toronto C11, ON M4G 1S6
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 $1,925,000 in Toronto, the legal minimum down payment is $385,000 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 $34,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $34,975 also applies, bringing the total estimated land transfer taxes to $69,950.
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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.