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.
Rare opportunity to own a beautifully renovated home with exceptional future development potential! Pride of ownership is evident throughout this elegant residence, which has been extensively renovated and completely gutted to the studs since 2005. Offering the perfect blend of city convenience and country charm, this unique property provides "city living in the front and country living in the back." The inviting main level features an open-concept layout with a stylish kitchen flowing seamlessly into the dining area and den, creating the perfect space for entertaining and everyday living. A spacious living room showcases a stunning stone electric fireplace, while two generously sized bedrooms and a full bathroom complete the main floor.The upper level offers a versatile third bedroom that could easily serve as a private retreat, guest suite, studio, or additional living space. The fully finished lower level expands the living area with a huge family room, large office, second bathroom, and workshop area. The backyard is framed by mature trees, offering incredible privacy, abundant wildlife, a large deck, and a peaceful setting rarely found within the city. Adding tremendous value is the property's desirable commercial zoning, allowing for a variety of professional and commercial uses(buyer to verify permitted uses). Under the proposed MS2 (Mainstreet Zone 2) framework, this could represent a significant redevelopment opportunity with potential building heights ranging from approximately 30 metres to 90 metres, subject to municipal approvals, zoning provisions, to be verified by the purchaser. A truly rare offering combining an extensively renovated home, exceptional privacy, commercial flexibility, and outstanding long-term redevelopment potential.
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What’s NearbyDistances approximate
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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$4,114/mo
Mortgage (principal + interest)$3,704
Property taxFrom listing: $4,921/yr$410
Minimum $74,000 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. 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$198,000
Ontario land transfer taxProvincial brackets, no first-time refund$16,275
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$217,075
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Manor Park - Cardinal Glen and Area 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.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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