The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Situated on a prominent corner lot, Potential for severance into two approximately equal parcels it has received Town-level approval and is currently awaiting County approval, anticipated in the coming months. Rare opportunity to own a custom-built luxury bungalow on just under 5 acres, offering exceptional space, privacy and exciting future potential in East Garafraxa. Offering 5,000+ sq. ft. of luxurious living space, this impressive residence is perfectly designed for large and multi-generational families, featuring 4 spacious bedrooms, an office and 4 bathrooms. The heart of the home is the Italian-inspired chef's kitchen with stone counters and built-in appliances, opening into an impressive great room with hardwood floors, fireplace and walkout to the expansive deck. A separate dining room and main-floor office add even more functionality. The private primary retreat features a luxurious 5-piece ensuite with dual showers and sinks, Roman tub and its own walkout to the deck. The massive walkout lower level offers incredible flexibility, including spacious family/recreation area, 3 additional bedrooms, a kitchen, two bathrooms and offers ample space for a home theatre, extended family living, entertaining, and much more. Additional features or improvements may be completed upon the buyer's request, subject to mutually agreeable terms between the parties. Outside, enjoy the scale and privacy of nearly 5 acres, an expansive deck and a triple-car garage with exceptional ceiling height. A truly unique offering combining luxury bungalow living, tremendous interior space, acreage and significant future potential-all within one remarkable property. Also, Seller is willing to provide VTB to eligible buyers at an attractive rates.
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$11,335/mo
Mortgage (principal + interest)$10,437
Property taxFrom listing: $10,777/yr$898
Minimum 20% ($558,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$558,000
Ontario land transfer taxProvincial brackets, no first-time refund$56,225
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$617,025
First-time buyers can get up to $4,000 back on Ontario land transfer tax. East Garafraxa has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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